IDEX Reports Fourth Quarter and Record Full Year 2019 Results
January 29, 2020
LAKE FOREST, Ill.–(BUSINESS WIRE)–Jan. 29, 2020– IDEX Corporation (NYSE: IEX) today announced its financial results for the three- and twelve- month periods ended December 31, 2019.
Full Year 2019 Highlights
- Reported operating margin was 23.2 percent with adjusted operating margin of 24.2 percent, up 80 bps
- Reported EPS was $5.56 with adjusted EPS of $5.80, up 7 percent
- Free cash flow was a record of $477.2 million, up 13 percent
- Acquired the stock of Velcora Holding AB and its operating subsidiaries, Roplan and Steridose in July 2019