IDEX REPORTS FIRST QUARTER RESULTS

May 1, 2025

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

Record orders of $872M with records achieved within HST and FSDP segments
Orders expanded 6%, 1% organically, representing the fourth consecutive quarter of positive
organic performance
Sales of $814 million increased 2% and decreased 1% organically
Reported diluted EPS of $1.26 and adjusted EPS of $1.75 declined 21% and 7%, respectively
Maintaining full year organic sales growth and diluted EPS guidance ranges
Full year diluted EPS guidance is supported by an additional $20M of cost containment actions to
mitigate potential tariff-related volume pressure

NORTHBROOK, IL, May 1, 2025 – IDEX Corporation (NYSE: IEX) today announced its financial
results for the three-month period ended March 31, 2025.
“Our IDEX teams delivered better than expected revenue and profitability in the first quarter of 2025, with
all segments exceeding our expectations. Most encouragingly, all of our segments built backlog, mostly
accumulating within HST, fueled by an impressive large clean water project win from the Mott team,” said
Eric Ashleman, IDEX Corporation President and Chief Executive Officer. “Our previously announced
platform optimization and delayering efforts are on track to achieve an anticipated total of $43 million
impact for 2025.

We recognize that there are likely to be increasing levels of customer caution and slower decision-making
ahead. That said, we have yet to see any reduction in order rates through April in our rapid-turn
businesses that often serve as leading indicators of economic change. Nonetheless, we have proactively
identified another tranche of cost containment yielding an additional $20 million of savings for 2025 as an
offset to potential later-stage demand pressure.

IDEX is well positioned as we head into a period of fluid uncertainty. Our high-quality businesses deliver
tremendous value via critical solutions as a small percentage of the overall customer system cost. We
enjoy long tenured relationships with leading customers built on trust and credibility. Our businesses
generally operate locally within countries as we ideate, engineer, source, produce and sell our products.
Finally, our shared intuitive understanding of 8020 and breadth of market exposure allows us to shift
resources quickly from areas of pressure to advantaged applications.

Our strong cash generation and balance sheet provide significant capital deployment flexibility as we
strive to deliver consistent and attractive shareholder value sustainably in the long run. We continue to
build a large and attractive M&A funnel as we shape and scale our high-quality portfolio to support long-term advantaged markets.”

Full Year and Second Quarter 2025 Guidance
In 2025, the Company expects to generate GAAP diluted EPS of $6.56 – $6.95 (adjusted diluted EPS of
$8.10 – $8.45), based on expected full year organic sales growth of 1% to 3%. In the second quarter
2025, the Company expects to generate GAAP diluted EPS of $1.60 – $1.72 (adjusted diluted EPS of
$1.95 – $2.05), based on expected second quarter 2025 organic sales growth of 0% to 2%. Second
quarter and full year guidance reflects the estimated impact of tariffs and associated incremental price
realization and an additional tranche of cost actions to mitigate potential later-stage demand pressures.