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Idex: 2Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ IDEX Corp. (IEX) on Tuesday reported second-quarter net income of $107.1 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $1.38. Earnings, adjusted for restructuring costs, came to $1.40 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The maker of the Jaws of Life device and other engineered products posted revenue of $634.4 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $622.5 million.

Idex shares have climbed nearly 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $139.31, a climb of 22 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEX