IDEX (IEX) Q4 2004 earnings summary

Executive summary

• Engineered industrial products portfolio spans pumps and fluid-handling equipment, dispensing systems, firefighting and rescue products, and stainless steel banding and clamping devices; operations serve diverse global end markets.

• Three business groups generated distinct shares of 2004 sales and operating income, with international sales representing 38% of Pump Products, 63% of Dispensing Equipment, and 45% of Other Engineered Products.

Financial highlights

• Pump Products accounted for 58% of 2004 sales and 54% of operating income; Dispensing Equipment contributed 18% and 19%, respectively; Other Engineered Products contributed 24% and 27%.

Segment performance

• Pump Products Group offers pumps, compressors, flow meters, injectors, valves, and controls; its 2004 portfolio served industrial, water treatment, medical, petroleum, food, biotech, and drug-processing markets.

• Dispensing Equipment Group provides colorant and paint dispensing, mixing and metering equipment, refinishing systems, and centralized lubrication products; 63% of group sales were outside the U.S. in 2004.

• Other Engineered Products Group supplies fire and rescue equipment and stainless steel banding and clamping products; 45% of group sales were outside the U.S. in 2004.