Last $72.35 USD
Change Today -0.10 / -0.14%
Volume 708.3K
IEX On Other Exchanges
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

idex corp (IEX) Key Developments

IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on January 31, 2015

IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.28 per common share. The next dividend will be paid January 31, 2015 to shareholders of record as of January 15, 2015.

IDEX Seeks Acquisitions

IDEX Corporation (NYSE:IEX) seeks acquisitions. Chairman and Chief Executive Officer Andrew Silvernail stated, "The share repurchase authorization is consistent with our intention of deploying capital in a manner that benefits our shareholders. We have reviewed our capital requirements over the planning horizon and have the capability to deploy in excess of $1 billion for acquisitions and organic growth initiatives while maintaining strong capital adequacy. IDEX continues to generate very strong free cash and we believe that repurchasing IDEX stock is a prudent use of our strong cash flow and balance sheet that, coupled with organic investments and new acquisitions, will continue to maximize our shareholders return."

IDEX Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

IDEX Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net sales were $533,179,000 against $490,617,000 a year ago. Operating income was $110,847,000 against $97,369,000 a year ago. Income before income taxes was $101,330,000 against $86,611,000 a year ago. Net income was $71,441,000 or $0.88 per diluted share against $63,799,000 or $0.78 per diluted share a year ago. Cash flow from operating activities was $100,403,000 compared to $118,396,000 a year ago. Capital expenditures were $10,521,000 against $7,318,000 a year ago. EBITDA was $131,400,000 against $116,960,000 a year ago. For the nine months, the company’s net sales were $1,623,868,000 against $1,503,510,000 a year ago. Operating income was $336,770,000 against $291,640,000 a year ago. Income before income taxes was $307,098,000 against $260,434,000 a year ago. Net income was $217,766,000 or $2.68 per diluted share against $187,660,000 or $2.27 per diluted share a year ago. Capital expenditure was $33,820,000 against $23,140,000 a year ago. EBITDA was $396,703,000 against $351,853,000 a year ago. The company provided earnings guidance for the fourth quarter and full year 2014. For the fourth quarter of 2014, the company expected EPS in the range of 85 to 88 cents and a tax rate about 28.5%. Fore the full year 2014, the company expected EPS in the range of $3.52 to $3.55. Full year tax rate is going to be around 29%, CapEx should be $48 million to $52 million, and free cash flow will be about 120% of net income.

IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on October 31, 2014

IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.28 per common share. The next dividend will be paid on October 31, 2014 to shareholders of record as of October 16, 2014.

IDEX Corporation, Q3 2014 Earnings Call, Oct 21, 2014

IDEX Corporation, Q3 2014 Earnings Call, Oct 21, 2014

 

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IEX

Industry Average

Valuation IEX Industry Range
Price/Earnings 20.9x
Price/Sales 2.7x
Price/Book 3.8x
Price/Cash Flow 20.6x
TEV/Sales 2.0x
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