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