IEX

EX-99.1

2 iex-20260630xex991.htm

EX-99.1

Document

For further information:         TRADED: NYSE (IEX)                            EX-99.1

Investor Contact:

Jim Giannakouros, CFA

Vice President, Investor Relations

(847) 313-9506

IDEX REPORTS SECOND QUARTER RESULTS

Highlights

(All comparisons are against the prior year period unless otherwise noted)

•Record sales of $921 million increased 6% on a reported basis and 5% organically

•Reported diluted EPS of $1.93 increased 11% and record adjusted diluted EPS of $2.32 increased 12%

•Record orders of over $1 billion increased 29% on a reported basis and 28% organically

•Returned capital to shareholders via $77 million of share repurchases and $54 million of dividends

•Raising full year 2026 organic growth and adjusted EPS guidance ranges

NORTHBROOK, IL, July 29, 2026 - IDEX Corporation (NYSE: IEX) today announced its financial results for the three-month period ended June 30, 2026.

“We are very pleased to see continued results momentum as our IDEX teams drove another quarter of strong sales and earnings growth. Orders of over $1 billion in the quarter were a record as we continue to see elevated demand across the advantaged markets where we’ve focused our investments and capabilities,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“Our teams executed exceptionally well, as flow-through on strong volume drove earnings above our expectations, demonstrating the benefits of the work already completed to strengthen the quality of our businesses. We continue to advance 8020 initiatives to both fuel higher growth and unlock further margin expansion opportunities across IDEX.”

“We are increasing our full-year financial guidance expectations due to our strong performance year-to-date and improved visibility in the second half of our fiscal year.”

Outlook(1)

•Full year organic sales projected to increase 5% to 6% over the prior year, up from previous guidance of 3% to 4%

•Full year adjusted diluted EPS of $8.70 to $8.85, up approximately 10% year-over-year at midpoint, up from previous guidance of $8.35 to $8.55

•Third quarter 2026 organic sales projected to increase 5% to 7% from the prior year period

•Third quarter 2026 adjusted diluted EPS of $2.20 to $2.25

(1) The Company does not reconcile its forward-looking non-GAAP measures to the most directly comparable U.S. GAAP financial measure because the timing and magnitude of certain items, including future foreign exchange impacts, acquisitions, divestitures, restructuring costs, impairments, tax impacts, and other special items, cannot be reasonably estimated at this time without unreasonable effort. The unavailable information could have a significant impact on GAAP results.

Consolidated Financial Results

Three Months Ended June 30,

(Dollars in millions, except per share amounts)20262025Increase (Decrease)

U.S. GAAP Results

Orders$1,071.6$829.8$241.8

Change in reported orders 29%

Net sales920.6865.455.2

Change in reported net sales 6%

Gross profit426.8392.234.6

Gross margin46.3%45.3%100 bps

Net income attributable to IDEX143.4131.611.8

Net income margin15.6%15.1%50 bps

Diluted EPS attributable to IDEX1.931.740.19

Cash flows from operating activities200.0161.738.3

Operating cash flow as a percent of net income140%123% NM

Non-GAAP Results*

Change in organic orders 28%

Change in organic sales 5%

Adjusted gross profit427.3392.235.1

Adjusted gross margin46.4%45.3%110 bps

Adjusted net income attributable to IDEX 172.4156.515.9

Adjusted EBITDA 258.3237.221.1

Adjusted EBITDA margin 28.1%27.4%70 bps

Adjusted diluted EPS attributable to IDEX 2.322.070.25

Free cash flow 177.0146.930.1

Free cash flow conversion 103%94% NM

NM – Not Meaningful

*Each of these items below are non-GAAP measures. See the definitions of these non-GAAP measures in the section in this release titled “Non-GAAP Measures of Financial Performance” and reconciliations to their most directly comparable GAAP financial measures in the reconciliation tables at the end of this release.

•Net sales increased primarily as a result of increased organic sales, as well as contributions from acquisitions. The increase in organic sales was primarily driven by higher volumes in our Health & Science Technologies (“HST”) segment and positive price. Net sales included a $14.7 million reduction resulting from expected customer rebates associated with refunds for tariffs under the International Emergency Economic Powers Act (“IEEPA”) that were subsequently invalidated.

•Gross margin and Adjusted gross margin both increased due to net productivity improvements, volume leverage and positive price/cost. Positive price/cost was driven by the net benefit of IEEPA tariff refunds, which contributed 150 basis points to both measures, and more than offset a challenging prior year price/cost comparison. These increases were partially offset by unfavorable mix. Adjusted gross margin excludes restructuring-re

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iex-202602040000832101false00008321012026-02-042026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report: February 4, 2026 (Date of earliest event reported)

IDEX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware1-1023536-3555336 (State or other jurisdiction (Commission File Number)(IRS Employer of incorporation)Identification No.)

3100 Sanders Road, Suite 301 Northbrook, Illinois 60062 (Address of principal executive offices, including zip code) (847) 498-7070 (Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered Common Stock, par value $0.01 per shareIEXNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 – Results of Operations and Financial Condition.

On February 4, 2026, IDEX Corporation (the “Company”) issued a press release announcing financial results for the period ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report.

The information contained in this Item 2.02 (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 – Financial Statements and Exhibits.

(d)    Exhibits

99.1    Press release dated February 4, 2026 announcing IDEX Corporation’s financial results for the period ended December 31, 2025.

104.0     Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

IDEX CORPORATION

By:/s/ SEAN M. GILLEN Sean M. Gillen Senior Vice President and Chief Financial Officer February 4, 2026