Month: July 2025

JULY 30, 2025 – NORTHBROOK, ILLINOIS – IDEX Corporation today announced the acquisition of Micro-LAM, Inc., an advanced manufacturer of laser-assisted machining, ultra-precision diamond tools and custom optics. Micro-LAM, and its subsidiaries, 603 OPTX and M10 Edge, complement the optical technologies solutions within the IDEX Health & Science Technologies segment. 

“This strategic addition expands IDEX materials science expertise serving many industries, including aerospace, defense and optics – attractive markets for our highly diversified company,” IDEX CEO and President Eric Ashleman said. 

Among other technologies, Micro-LAM designs and manufactures innovative machining technologies that equip ultra-precision machines with a hybrid laser-diamond cutting system. Their laser-assisted machining (LAM) using diamond turning fabricates optical surfaces from advanced engineered materials. Micro-LAM’s cutting edge diamond tools achieve optimal quality, accuracy and repeatability in producing optical components from complex materials like metals, IR crystalline materials, and polymer substrates. 

That expertise complements the existing optical technology offerings from IDEX businesses like Advanced Thin Films, Iridian Spectral Technologies, and CVI Laser Optics.  

Founded in 2012, and incorporated in 2017, Micro-LAM began as a spinoff from Western Michigan University, where Deepak Menon developed his Ph.D. thesis, capturing advances in laser-assisted machining. Dr. Menon will continue to lead Micro-LAM’s growth.  

The company’s core innovation is the OPTIMUS system, which combines a diamond cutting tool with a laser that softens the material just ahead of the cutting edge. This allows for smoother, more precise cuts, less subsurface damage, and reduced need for additional processing.  

Based in Portage, Michigan, Micro-LAM has about 90 employees across three locations – including Keene, New Hampshire, and Stevenage, U.K. 

About IDEX 

IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make everyday life better. IDEX precision components help craft the microchip powering your electronics, treat water so it is safe to drink, and protect communities and the environment from sewer overflows. Our optics enable global broadband satellite communications, and our pumps move challenging fluids that range from hot, to viscous, to caustic. IDEX components assist healthcare professionals in saving lives as part of many leading diagnostic machines, including DNA sequencers that help doctors personalize treatment. And our fire and rescue tools, including the industry-leading Hurst Jaws of Life^®, are trusted by rescue workers around the world. These are just some of the thousands of products that help IDEX live its purpose – Trusted Solutions, Improving Lives^™. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX now includes more than 50 diverse businesses around the world. With about 9,000 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing, global company with approximately $3.3 billion in annual sales. 

For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com. 

Highlights
(All comparisons are against the prior year period unless otherwise noted)

• Record sales of $865 million increased 7% and 1% organically
• Reported diluted EPS of $1.74 declined 6%, and adjusted diluted EPS of $2.07 was relatively flat year-over-year, exceeding second quarter expectations
• Orders of $830 million increased 7% on a reported basis and 2% organically, below the year-to-date average
• Revising full year EPS outlook to GAAP diluted EPS of $6.30 – $6.44 and adjusted diluted EPS of $7.85 – $7.95
• Remain highly confident in the sustainable value creation engine IDEX is building through our integrated growth strategies and a balanced capital deployment strategy

NORTHBROOK, IL, July 30, 2025– IDEX Corporation (NYSE: IEX) today announced its financial results for the three-month period ended June 30, 2025.

“IDEX teams once again delivered strong execution in the second quarter in what continues to be a challenging operating environment,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“Order trends in our rapid-turn businesses downshifted slightly exiting the second quarter although current levels suggest a steady sequential progression into the third quarter. That said, in this uncertain macro-environment, several customers are taking a more cautious stance on larger orders that has delayed the expected second-half acceleration in parts of our recently-acquired businesses. Taken together, we are resetting our baseline financial assumptions for the remainder of 2025.

Despite this near-term volatility, I am excited about how our strong culture of 8020, breadth of market exposure, and ability to tune our capabilities with agility and speed for our customers in advantaged markets positions IDEX extremely well to deliver consistent and attractive shareholder value over the long term.”

Full Year and Third Quarter 2025 Guidance

In 2025, the Company now expects to generate GAAP diluted EPS of $6.30 – $6.44 (adjusted diluted EPS of $7.85 – $7.95) a change from previous guidance of $6.56 – $6.95 (adjusted diluted EPS of $8.10 – $8.45), based on expected full year organic sales growth of approximately 1%. In the third quarter 2025, the Company expects to generate GAAP diluted EPS of $1.54 – $1.61 (adjusted diluted EPS of $1.90 – $1.95), based on expected third quarter 2025 organic sales growth of 2% to 3%.

Read more here: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-second-quarter-results-0