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Company research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
IDEX
IDEX (IEX) investor relations material
IDEX Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Record Q3 sales of $951.7M rose 8% reported and organically; orders increased 13% to $991.2M, while adjusted diluted EPS reached a record $2.33, up 15%.
Advantage-market strength and broader industrial demand supported results; all three segments expanded adjusted EBITDA margins and FY26 guidance increased.
Financial highlights
Adjusted EBITDA was $264.8M, up from $239.8M; margin expanded 50 bps to 27.8%.
Adjusted gross margin increased 70 bps to 45.2%; GAAP gross margin rose 60 bps to 45.1%. Volume leverage, productivity and mix helped offset price/cost headwinds.
Free cash flow was $214.3M, up 14%, with 124% conversion; operating cash flow was $239.5M.
Nine-month organic sales increased 6%, adjusted EBITDA margin rose 50 bps to 27.3%, and adjusted EPS grew 14% to $6.65.
Outlook and guidance
FY26 organic sales growth guidance rose to 6.5%–6.8% from 5%–6%; adjusted EBITDA margin guidance is 27.1%–27.3%.
FY26 adjusted EPS guidance increased to $8.91–$8.96 from $8.70–$8.85, implying ~12% growth at the midpoint; guidance excludes future acquisitions.
FY26 assumptions include ~$110M capex and at least 100% free cash flow conversion; Q4 margins are expected to decline sequentially on fewer production days and planned shutdowns.
High-30s to 40% incremental margins net of reinvestment remain the framework; HST targets high-single-digit through-cycle growth, and industrial businesses are expected to outgrow their markets.
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Latest events from IDEX
- Margin gains and record cash generation offset weak base-business demand.IEX
Q4 2002 - Pump Products led FY2003 results as diversified industrial operations managed short backlogs and legal uncertainty.IEXQ4 2003
- Pump Products led 2004 sales and income as acquisitions broadened the global portfolio.IEXQ4 2004
- Organic growth accelerated to 10%, while international and acquisition risks remain material.IEXQ4 2005
- Organic growth, acquisitions and Lean gains lifted sales and margins in 2006.IEXQ4 2006
- Organic growth and higher gross margin lifted FY07 earnings as acquisition activity expanded the portfolio.IEXQ4 2007
- Acquisitions lifted sales 10%, but impairment, restructuring and weak dispensing demand cut earnings.IEXQ4 2008
- Broad organic weakness cut FY09 sales 11%, while cash flow funded operations and investment.IEXQ4 2009
- FY10 recovery lifted sales 14% and operating margin to 16.5%; FY11 EPS guided to $2.23–$2.33.IEXQ4 2010
- FY11 sales climbed 22%; FY12 diluted EPS guidance was $2.74–$2.82.IEXQ4 2011
Next IDEX earnings date
RBC Global Industrials Conference 202616 Nov, 2026
IDEX
Next IDEX earnings date
RBC Global Industrials Conference 202616 Nov, 2026
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Frequently asked questions
IDEX Corporation designs, manufactures, and markets engineered fluidics systems and specialty technical products. Its solutions include fluid and metering technologies, health and science instruments, and fire and safety equipment. The company serves a wide range of end markets including life sciences, energy, and industrial processing. It is headquartered in Northbrook, Illinois, and its shares are listed on the NYSE.