IDEX Reports Strong Second Quarter Results

News Release
July 26, 2022

IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended June 30, 2022.

Second Quarter 2022 Highlights

  • Reported EPS of $1.81, up 35% and record adjusted EPS of $2.02, up 15% vs. Q2 2021
  • Orders of $839 million, up 12% overall and 7% organically vs. Q2 2021
  • Record sales of $796 million, up 16% overall and 12% organically vs. Q2 2021
  • Reported operating margin of 23.4%, up 30 basis points vs. Q2 2021
  • Completed acquisition of KZValve on May 2, 2022
  • Full year GAAP EPS guidance raised to $7.19 to $7.29 from prior guidance of $6.87 to $7.00
  • Full year adjusted EPS guidance raised to $7.88 to $7.98 from prior guidance of $7.50 to $7.63

View full report at:

IDEX Teams Break Records in Third Food Drive Challenge

Company News
July 25, 2022

IDEX employees worldwide rose up and met the IDEX Foundation challenge, addressing food insecurity in their communities by collecting and donating a combined total of 20.5 tons (18,643 kilograms) of non-perishable foods to local food banks, providing an estimated 34,250 meals* to people in need in the second quarter.

As part of its challenge, the IDEX Foundation also gave $5,000 USD to each of the more than 40 local food banks supported by IDEX business units, resulting in an additional $215,000 in direct assistance to help people in need.

“The entire IDEX Foundation board is absolutely overwhelmed with the generosity of our business units and how well our site coordinators performed leading the food drives, which are helping so many people during these times of high inflation,” IDEX Foundation Board President Derrick Goddard said. “I would like to personally thank each site leader and all the local teams who got behind this effort for their continued commitment to their communities. I received multiple messages of sincere thanks from the food banks our teams supported.”

As part of the IDEX Foundation challenge, business units competed for which site could collect the most food for donation. Business units were divided into three size groups depending on number of employees and collected non-perishable food donations in the second quarter. The winners earned a celebratory team meal on IDEX.

This was the third food insecurity campaign led by the IDEX Foundation since the beginning of the pandemic in 2020.

*Feeding America estimates 1.2 pounds of food equals one meal.

Fluid Management Hosts Concert with 123 Andrés, Continue School Partnership

Company News
July 5, 2022

Fluid Management (FM), which manufactures paint dispensing and mixing equipment in Wheeling, Illinois (USA), recently partnered with Jane Addams Elementary school to sponsor a Spring Concert with Latin Grammy winning children’s music duo 123 Andrés! The group performs “Spanish and English songs for little language learners.”

In their sixth year of the partnership, FM & Jane Addams school invited 123 Andrés to play during a school assembly, where over 500 kids enjoyed the interactive concert during the school day. FM team members volunteered to support the event by helping set-up and also put together goodie bags for students.

With funding from the IDEX Foundation, the school also hosted a concert for the community.

“It was incredible to see the engagement from the kids, families, and staff at Jane Addams. The concert was a huge hit, and the principal and teachers were very appreciative of the opportunity to support this unique cultural experience.” Said Mark Bishop, VP of Human Resources

Located near FM’s office, Jane Addams Elementary school serves over 500 students from Pre-K through 6th grade with 79% minority enrollment. Since partnering with the school in 2016, employees have assisted in several projects, including volunteering at the schools’ track and field day, science night, literacy night, funding the “One School One Book” program and more.


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