IDEX Reports Third Quarter Results; Delivers Record Adjusted Gross and Operating Margin

News Release
October 29, 2019

LAKE FOREST, Ill.–(BUSINESS WIRE)–Oct. 29, 2019– IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended September 30, 2019.

Third Quarter 2019 Highlights

  • Sales were flat overall and organically
  • Gross margin was 45.2 percent with adjusted gross margin of 45.7 percent, an all-time high
  • Reported operating margin was 22.7 percent with adjusted operating margin of 25.2 percent, up 120 bps
  • Reported EPS was $1.37 with adjusted EPS of $1.52, up 8 percent
  • Cash from operations of $157.1 million led to FCF of $146.0 million, an all-time high


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