IEX Idex Dashboard

IDEX is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you're driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It's likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX is proud to say that IDEX now call 40 diverse businesses around the world part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global $2+ billion company committed to making trusted solutions that improve lives.

Company profile

Ticker

IEX

Exchange

NYSE

Website

www.idexcorp.com

CEO

Andrew Silvernail

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Manufacturing > Pump and Pumping Equipment Manufacturing

Industry (SIC)

Pumps & Pumping Equipment

ITT • Flowserve • Xylem • Colfax • Graco • Ampco-Pittsburgh • Gorman-Rupp ...

SEC CIK

0000832101

Corporate docs

Articles of Incorporation & Bylaws

IRS number

363555336

IEX stock data

S&P 500

1M 1Y 2Y 5Y

News

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IDEX: Q2 Earnings Insights

27 Jul 21

Shares of IDEX (NYSE:IEX) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 46.36% over the past year to $1.61, which were in line with the estimate of $1.61.

IDEX Q2 EPS $1.61, Inline, Sales $751.00M Beat $685.88M Estimate; Raises Guidance

27 Jul 21

IDEX (NYSE:IEX) reported quarterly earnings of $1.61 per share which met the analyst consensus estimate. This is a 46.36 percent increase over earnings of $1.10 per share from the same period last year. The company

Earnings Scheduled For July 27, 2021

27 Jul 21

Companies Reporting Before The Bell • Navios Maritime Partners (NYSE:NMM) is projected to report quarterly earnings at $2.93 per share on revenue of $146.03 million.

Rosenblatt Maintains Buy on IDEX, Raises Price Target to $255

3 May 21

Press releases

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IDEX Reports Second Quarter Results; Raises Full Year Guidance

27 Jul 21

IDEX Corporation (NYSE:IEX) today announced its financial results for the three month period ended June 30, 2021. Second Quarter 2021 Highlights Record orders of $751.0 million up 44 percent overall and 39 percent

IDEX Corporation to Webcast Second Quarter 2021 Earnings Call

28 Jun 21

IDEX CORPORATION (NYSE:IEX) announced today that it has scheduled the broadcast of the company's second quarter earnings conference call over the Internet on Wednesday, July 28, 2021 at 9:30 a.m. CT. Chief Executive

IDEX Corporation Declare Regular Quarterly Cash Dividend

15 Jun 21

IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.54 per common share. This dividend will be paid July 30, 2021 to shareholders of record as of

IDEX Corporation Completes Acquisition of Airtech

14 Jun 21

Flow Management Devices Makes Significant Commitment to Expedite Small Volume Prover Delivery

4 Jun 21

Calendar

28 Jul 21

31 Jul 21

31 Dec 21

Financial summary

Financial statements Chart IEX financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Idex earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	714.38M	714.38M	714.38M	714.38M	714.38M	714.38M
Cash burn (monthly)	81.25M	2.66M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	82.25M	2.7M	n/a	n/a	n/a	n/a
Cash remaining	632.13M	711.68M	n/a	n/a	n/a	n/a
Runway (months of cash)	7.8	267.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

IEX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 May 21	Cade Denise R	COMMON STOCK	Sell	Dispose S	No	No	221.0906	2,823	624.14K	7,732
25 May 21	Cade Denise R	COMMON STOCK	Option exercise	Aquire M	No	No	173.35	2,823	489.37K	10,555
25 May 21	Cade Denise R	COMMON STOCK	Sell	Dispose S	No	No	221.0906	6,435	1.42M	7,732
25 May 21	Cade Denise R	COMMON STOCK	Option exercise	Aquire M	No	No	144.85	6,435	932.11K	14,167
25 May 21	Cade Denise R	COMMON STOCK	Sell	Dispose S	No	No	221.0906	8,375	1.85M	7,732
25 May 21	Cade Denise R	COMMON STOCK	Option exercise	Aquire M	No	No	138.12	8,375	1.16M	16,107
25 May 21	Cade Denise R	Options Common Stock	Option exercise	Dispose M	No	No	173.35	2,823	489.37K	29,516
25 May 21	Cade Denise R	Options Common Stock	Option exercise	Dispose M	No	No	144.85	6,435	932.11K	32,339
25 May 21	Cade Denise R	Options Common Stock	Option exercise	Dispose M	No	No	138.12	8,375	1.16M	38,774
12 May 21	Beck Mark A	COMMON STOCK	Grant	Aquire A	No	No	0	665	0	3,715

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

IEX institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	508	526	-3.4%
Opened positions	47	82	-42.7%
Closed positions	65	32	+103.1%
Increased positions	199	178	+11.8%
Reduced positions	176	176	–

13F shares	Current	Prev Q	Change
Total value	15.15B	14.43B	+5.0%
Total shares	72.49M	72.56M	-0.1%
Total puts	75.8K	78.2K	-3.1%
Total calls	58.5K	58.7K	-0.3%
Total put/call ratio	1.3	1.3	-2.7%

Largest owners	Shares	Value	Change
Vanguard	8.51M	$1.78B	+0.9%
BLK Blackrock	5.88M	$1.23B	-1.2%
TROW T. Rowe Price	5.42M	$1.13B	-1.8%
Wellington Management	3.23M	$675.23M	+1.8%
STT State Street	3.15M	$659.79M	+0.0%
IPXAF Impax Asset Management	2.76M	$577.8M	+12.0%
Brown Advisory	2.07M	$434.03M	+728.2%
Capital World Investors	1.8M	$376.86M	-11.6%
IVZ Invesco	1.69M	$352.75M	+6.7%
Atlanta Capital Management Co L L C	1.61M	$337.14M	-9.2%

Largest transactions	Shares	Bought/sold	Change
Brown Advisory	2.07M	+1.82M	+728.2%
Norges Bank	0	-718.82K	EXIT
FMR	1.18M	-625.75K	-34.6%
Bessemer	1.68K	-395.51K	-99.6%
AMP Ameriprise Financial	197.35K	-343.55K	-63.5%
IPXAF Impax Asset Management	2.76M	+296.62K	+12.0%
Capital World Investors	1.8M	-236.5K	-11.6%
Clearbridge Advisors	322.2K	-230.87K	-41.7%
Mirae Asset Global Investments	209.93K	+205.5K	+4634.6%
Echo Street Capital Management	480.54K	+184.75K	+62.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Ii-Vi • SPX FLOW

Management Discussion

Sales in the second quarter of 2021 were $685.9 million, which was a 22% increase compared to the same period in 2020. This reflects a 17% increase in organic sales, a 4% favorable impact from foreign currency translation and a 1% increase from acquisitions (ABEL - March 2021 and Flow MD - February 2020) partially offset by divestitures (CiDRA Precision Services - March 2021). Sales to customers outside the U.S. represented approximately 54% of total sales in the second quarter of 2021 compared to 48% during the same period in 2020.
Gross profit of $306.1 million in the second quarter of 2021 increased $71.3 million, or 30%, compared to the same period in 2020 and gross margin of 44.6% in the second quarter of 2021 increased 280 basis points from 41.8% during the same period in 2020 as a result of higher volume and price capture, partially offset by inflation and supply chain constraints.
Selling, general and administrative expenses increased to $144.7 million in the second quarter of 2021 from $120.4 million during the same period in 2020. The increase is primarily due to higher fixed and variable compensation expenses and higher amortization due to acceleration of certain trade names. Corporate costs increased to $23.3 million in the second quarter of 2021 from $17.0 million during the same period in 2020 primarily as a result of a charge related to recording a contingent reserve for a Corporate transaction indemnity as well as higher professional fees related to acquisitions and a strategy project. As a percentage of sales, selling, general and administrative expenses were 21.1% for the second quarter of 2021, down 30 basis points compared to 21.4% during the same period in 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: asserted, Black, Brazil, called, capture, combination, compressor, earlier, earliest, eligible, emergence, Europe, extension, Fargo, FDII, indemnity, leaseback, likelihood, membership, noncash, packaging, Pnuematic, post, pressure, prevailing, previously, professional, promissory, renamed, reorganization, reserve, Shenzhen, smart, team, unrealized, variant, Werneck

Removed: adversely, agricultural, assure, cleaning, close, continued, continuity, distribution, environment, external, fight, governing, implemented, issue, OEM, realized, remained, tight

From filing 10-Q 2021 Q2