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IDEX: Q2 Earnings Insights

Benzinga Insights

Shares of IDEX (NYSE:IEX) rose 0.77% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 26.67% over the past year to $1.10, which beat the estimate of $0.99.

Revenue of $561,249,000 declined by 12.59% from the same period last year, which beat the estimate of $526,340,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

View more earnings on IEX

IDEX hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $178.14

Company's 52-week low was at $104.56

Price action over last quarter: Up 11.91%

Company Profile

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has 7,000 employees. The company generated $2.5 billion in revenue and $600 million in adjusted operating income in 2019.

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