News Release
July 27, 2021
IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended June 30, 2021.
Second Quarter 2021 Highlights
- Record orders of $751.0 million up 44 percent overall and 39 percent organically compared to Q2 2020
- Record sales of $685.9 million up 22 percent overall and 17 percent organically compared to Q2 2020
- Reported operating margin was 23.1 percent with adjusted operating margin of 24.4 percent
- Reported EPS was $1.34 with adjusted EPS of $1.61
- Full year adjusted EPS guidance raised to $6.26 to $6.36 compared to prior guidance of $6.05 to $6.20
- Finalized the termination of the U.S. pension plan and refinanced the 4.2% Senior Notes to 2.625%
- Completed the acquisition of Airtech Group, Inc., US Valve Corporation and related entities (Airtech)
View the full report at: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-second-quarter-results-raises-full-year-guidance