IDEX Reports First Quarter Results; Delivers Q1 Operating Margin of 23.8 Percent and Record EPS of $1.44

News Release
April 25, 2019

LAKE FOREST, Ill.–(BUSINESS WIRE)–Apr. 25, 2019– IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2019.

First Quarter 2019 Highlights

  • Orders were up 4 percent overall and 6 percent organically
  • Sales were up 2 percent overall and 4 percent organically
  • Operating margin was 23.8 percent, up 120 bps
  • EPS was $1.44, up 12 percent

View full report at: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-first-quarter-results-delivers-q1-operating-margin

IH&S Employees Help Students Develop Life-Changing Technologies

Company News
April 23, 2019

As part of an ongoing four-year volunteer partnership, IDEX Health & Science (IH&S) employees in Oak Harbor, Washington, have assisted local high school robotics students with several amazing projects, including helping build competition robots, developing a hat with ultrasonic sensors for a visually-impaired student, and designing a prosthetic arm for a 4-year old student.

Recently, IH&S employees helped students develop a Social Progress mobile phone application, which can be used by community organizations to track key metrics such as homeless population, income inequality, subsidized school lunches, crime rates, graduation rates and more.

Located about two hours north of Seattle, IH&S Oak Harbor manufactures fittings, tubing, and high-quality fluid transfer components and accessories for the high-performance liquid chromatography (HPLC) markets. They recently extended their local partnership to develop STEM (Science, Technology, Engineering and Math) programs for FIRST Washington.

In collaboration with the IDEX Foundation, IH&S Oak Harbor granted the organization $7,500 to continue to develop the schools STEM initiatives.

Located in Washington State, FIRST Washington supports and engages today’s tech-native youth, inspiring them to build on their passions and preparing them to be the STEM leaders of tomorrow. With the mission to inspire all young people in Washington State to be science and technology leaders, the organization provides exciting mentor-based FIRST programs that inspire innovation, and foster self-confidence, communication, and leadership skills

 

 

IDEX Fire & Safety Introduces SAM™ at FDIC

News Release
April 16, 2019

OCALA, Fla.–(BUSINESS WIRE)–IDEX Fire & Safety introduced the SAM Control System, at the FDIC International conference and exhibition April 11-13 in Indianapolis.

The innovative SAM system makes complex pump operations simple by managing the water flow so the operator can focus on the fireground and the safety of their crew, not the side of the truck. SAM is an integrated total water flow control system that manages the truck’s pump, tank, intakes and discharges.

With SAM, pump operators can use saved presets to set discharge pressures with just one swipe on a 10-inch display. Even before charging lines, the system automatically opens the tank-to-pump valve, so water is in the pump and ready to go.

SAM was invented by Jason Cerrano, a firefighter with 19 years of experience and is now a member of the IDEX Fire & Safety team. Jason saw a real need for SAM. “I designed SAM to help the pump operator spend less time staring at the pump panel, so they can focus on the fireground.”

There were four locations at FDIC where attendees could see SAM and try it out.

Inside, visitors interacted with the SAM system touch screen displays mounted on a pump panel and experienced real water flow from a handline nozzle and portable monitor in real time. Flowing water in the exhibit was a first for the show.

In the outdoor exhibit area, IDEX Fire & Safety provided a demo truck to highlight SAM and the simplified pump panel. The new demo truck will go on tour this year across North America, making stops at major fire show events and departments along the way.

One of the trucks demonstrating SAM is the Lewiston No. 1 Fire Department truck, destined for Lewiston, New York. Fire Chief, Les Myers, admitted he was a little skeptical about SAM until he saw a live demonstration. He immediately realized that with SAM, his 12 pump operators “would not be stuck to the pump panel and would have the freedom to attend to other critical duties.”

The Lewiston truck was built by KME.

Another place to see SAM was on the New Melle Fire Protection District truck. The stations in New Melle cover 121 square miles, meaning trucks are generally 10-15 minutes away from most calls. “The time it takes us to get to calls, combined with limited manpower, is why we need this truck to do a lot more for us,” Chief Rick Massey said. “Any help the truck can give us is what we are looking for in a truck; we need the truck to help our firefighters do their jobs.”

The New Melle truck was produced by Rosenbauer and upfitted at Sentinel Emergency Solutions.

In the Water Flow Zone, attendees could try out SAM on an apparatus destined for the Pattonville Fire Protection District in Bridgeton, Missouri. The district operates from their headquarters/training facility and three engine houses. They cover 30 square miles including a heavy concentration of commercial structures and the most highway miles in the state.

“Safety is the number one priority for us. We need our engineers to be able to operate in a safe location while keeping an eye on the crew,” said Battalion Chief Steve Rogger. “The SAM system simplifies pump operations, so we worry less about managing manual valves. Now the operator can provide another set of hands on scene. Using the wireless tablet controller, we also gain some additional work space freedom around the perimeter of the truck.”

The Pattonville truck was produced by Sutphen.

SAM helps with common fireground challenges:

  • Interrupted water flow from operator error
  • Pressure spikes on handlines
  • Water pressure problems due to loss of hydrant pressure or cavitation
  • Miscommunication or excessive radio traffic issues
  • Not enough crew to respond to calls
  • Rotating pump operators, not as familiar with truck

For more information about SAM: samflows.com

About IDEX Fire & Safety: IDEX Fire & Safety represents a collaboration of global brands that deliver trusted solutions to help emergency responders save lives. For centuries, customers have relied on the brands of IDEX Fire & Safety to provide quality equipment and service. Our brands include Akron Brass, AWG, Class 1, Dinglee, Hale, Hurst Jaws of Life®, Godiva, Lukas, Vetter and Weldon. The IDEX Fire & Safety brands represent business units of IDEX Corporation [NYSE: IEX], an applied solutions company specializing in fluid and metering technologies, health and science technologies and fire, safety and other diversified products. For more information on IDEX Fire & Safety, visit idexfiresafety.com.

HURST Jaws of Life® Introduces Industry’s First Watertight Battery-Powered Extrication Tool

Company News
April 11, 2019

Continuing in its tradition of firsts, HURST Jaws of Life® has launched the industry’s first watertight battery-powered extrication tool line, the HURST Jaws of Life eDRAULIC® EWXT.

The company’s EWXT water-resistant casing debuts in three tools, which also feature a new brushless motor for greater efficiency and longer run time.

“The launch of the HURST Jaws of Life eDRAULIC EWXT battery-powered, watertight tool line provides the industry with another first from HURST, as we continue to bring first responders rescue tools that make what was once seemingly impossible now possible,” said Ellie Mulcahy, general manager of HURST Jaws of Life, part of the IDEX Fire & Safety group.

“This innovative underwater rescue tool solution aligns with the IDEX Fire & Safety platform to accelerate our position as the global market leader for electro hydraulic rescue tools,” Mulcahy said

The debut of EWXT technology comes in three tools: S 788EWXT Cutter, SP 555EWXT Spreader and R 521EWXT Ram.

Additionally, HURST Jaws of Life® expanded its battery-powered eDRAULIC® rescue tool line with the    R 422E2 Ram, whose 59.1-inch extended length gives first responders the longest extension in the industry.

“The R 422E2’s telescopic, 59.1-inch reach and eDRAULIC power bring portability and performance to first responders on the scene,” said Bruce Johnston, director of marketing and product management for HURST Jaws of Life. “We continually look for solutions that will help first responders get to the patient quickly in every situation. Our Voice of Customer research showed us that end users sometimes require further reach in a Ram, and the R 422E2 delivers combined reach and power like no other tool on the market.”

HURST will debut the products at FDIC international this week, the world’s largest firefighter training and expo. Held in Indianapolis, FDIC is attended by more than 34,000 fire and rescue professionals from more than 65 countries around the world.

 

Viking Pump Wins Innovation Award from Local Chamber of Commerce

Company News
April 8, 2019
(Pictured above: Scott Meyer, Engineering Manager and Ryan Weide, Business Line Manager at Viking Pump)

In recognition for their development of new pumps used in moving oil from production to the pipelines, Viking Pump recently received the Harold Brock Innovation award from the Cedar Valley (Iowa) Alliance & Chamber.

Viking Pump, a unit of IDEX which specializes in pumping solutions for the oil and gas industries, received the award for their innovation on the LACT GP-414 & GP-425 pump models.

Within IDEX, Viking’s innovation has been hailed as an excellent example of Customer Obsession, with our representatives recognizing and understanding the need from being in oil fields with customers. Viking developed and delivered a smaller pump that’s less expensive than competitors’ products.  Its simplistic and robust design allows the product to be more versatile in the field for demanding oil pipeline injection service. Sales have soared over the last few years

Lease Automatic Custody Transfer (LACT) is the transfer of oil from a land owner pipeline, which includes metering the output, to determine how much the landowner is owed. Viking Pump LACT Injection Pumps are an engineered solution coupling our pumping technology and electric motor driven units designed for the unattended transfer of liquid hydrocarbons from the producer to a pipeline owner.

To watch a video of how the pumps work, click here.

 

 

 

Quadro Wins Awards at Canned Food Drive Competition

Company News
April 3, 2019

In support of a local food drive, Quadro received two CANstruction creative design awards in Waterloo, Ontario, Canada, this month. Quadro – a unit of IDEX which designs, develops, and manufactures size reduction, mixing, and powder dispersion technologies for the pharmaceutical, chemical, cosmetics, food and biotechnology markets — used food it was donating to build a lighthouse display titled “Shine a Light on Hunger.”

With more than 1,500 cans, the display was inspired by Canadian lighthouses that guide sailors safely home. The team received the Judge’s Choice and People’s Choice awards, which were voted by people online and at the local Conestoga Mall. In partnership with the IDEX Foundation, Quadro raised more than $5,500 and provided 19,000 meals to local families.

With the help of Quadro, and 15 other organizations, The Food Bank of the Waterloo Region raised over 120,000 meals and finished 9th internationally in the food drive campaign. Quadro has a longstanding relationship with the food bank.

Team members involved in design & build of lighthouse included Heather Jacklin, Kathy Cooper, Bryan Felber, Matt Chambers, Awan Jowaheer, Paul Heyden, Sean Botelho, Emma Bruce, Wilf Sanguesa, Jim Luo, Don Zorn, Harshal Kandoi

 

 

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