IDEX Reports Strong Fourth Quarter and Record Full Year 2022 Results

News Release
January 31, 2023

Fourth Quarter Highlights

(All comparisons against the fourth quarter of 2021 unless otherwise noted)

  • Reported EPS of $1.71, up 10% and adjusted EPS of $2.01, up 18%
  • Orders of $803.4 million, up 1% overall and 1% organically
  • Sales of $810.7 million, up 13% overall and 12% organically
  • Net income of $130.0 million; net income margin of 16.0%, down 60 basis points
  • Adjusted EBITDA of $218.9 million; Adjusted EBITDA margin of 27.0%, up 10 basis points

Full Year Highlights

(All comparisons against full year 2021 unless otherwise noted)

  • Record reported EPS of $7.71, up 31% and record adjusted EPS of $8.12, up 18%
  • Record orders of $3.3 billion, up 8% overall and 5% organically
  • Record sales of $3.2 billion, up 15% overall and 13% organically
  • Net income of $586.7 million; net income margin of 18.4%, up 210 basis points
  • Record Adjusted EBITDA of $884.2 million; Adjusted EBITDA margin of 27.9%, up 20 basis points
  • Invested more than $1 billion for acquisitions, capital projects and share repurchases

“IDEX achieved another record year in 2022, and our teams continue to deliver on multiple fronts,” said
Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President. “We expanded capacity and
throughput to better meet customer expectations. We applied focused innovation to solve tough problems
for our best customers, driving above-market performance and continued strong price capture while
deploying record capital to bring three high quality growth businesses into the portfolio to support our
future goals.”

“We anticipate 2023 will be an uncertain period of transition as we calibrate with customers to adjust to
compression within the end-to-end order fulfillment cycle as well as broader global macroeconomic shifts.
IDEX faces all of that within a short cycle framework which limits visibility, but supports quick adaptation
and business alignment. We continue to monitor conditions across our diverse portfolio of businesses
and expect to course-correct quickly as conditions warrant. Regardless of market conditions, we believe
IDEX teams are prepared to navigate the challenges and opportunities ahead.”

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