IDEX Reports Second Quarter Results; Delivers Record Operating Margin and EPS; Raises Low End of Full Year EPS Guidance
July 25, 2019
LAKE FOREST, Ill.–(BUSINESS WIRE)–Jul. 25, 2019– IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended June 30, 2019.
Second Quarter 2019 Highlights
- Sales were up 1 percent overall and 3 percent organically
- Reported operating margin was 24.2 percent with adjusted operating margin of 24.5 percent, up 90 bps
- Reported EPS was $1.48 with adjusted EPS of $1.50, up 7 percent
- Acquired Velcora Holding AB in July