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IDEX: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of IDEX (NYSE:IEX) fell 5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 7.89% year over year to $1.40, which beat the estimate of $1.20.

Revenue of $581,113,000 declined by 6.91% from the same period last year, which beat the estimate of $563,530,000.

Guidance

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

View more earnings on IEX

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

Recent Stock Performance

Company's 52-week high was at $194.30

52-week low: $104.56

Price action over last quarter: Up 11.12%

Company Overview

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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