IDEX Reports First Quarter Results; Raises Full Year Guidance; Q1 Orders and Sales up 10 Percent Overall and 6 Percent Organically; Q1 Reported EPS Was $1.48 With Adjusted EPS Of $1.51

News Release
April 27, 2021

IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2021.

First Quarter 2021 Highlights

  • Record orders and sales were up 10 percent overall and 6 percent organically compared to Q1 2020
  • Reported operating margin was 23.9 percent with adjusted operating margin of 24.3 percent
  • Reported EPS was $1.48 with adjusted EPS of $1.51
  • Record Q1 cash from operations of $109.3 million led to record Q1 free cash flow of $94.7 million
  • Full year adjusted EPS guidance raised to $6.05 to $6.20
  • Completed the acquisition of ABEL Pumps, L.P. on March 10, 2021
  • Reached an agreement in April 2021 to acquire Airtech Group, Inc., US Valve Corporation and related entities (Airtech)

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