idex corp (IEX) Key Developments
IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on July 31, 2015
Jun 23 15
IDEX Corporation announced that its Board of Directors has approved a regular quarterly cash dividend of $0.32 per common share. The next dividend will be paid July 31, 2015 to shareholders of record as of July 16, 2015.
IDEX Corporation Closes Five Year $700 Million Senior Revolving Credit Facility
Jun 23 15
IDEX Corporation announced that it has closed a new five year, $700 million senior revolving credit facility. The facility was financed through a syndication of 10 financial institutions, co"led by Bank of America, N.A., JP Morgan Chase, N.A., and Wells Fargo, N.A., with Mizuho Bank Ltd., Barclays Bank plc, and U.S. Bank, N.A., acting as co" documentation agents. The new facility was timed to capitalize on current favorable market conditions and replace the company's existing $700 million credit facility, which was due to expire in June, 2016.
IDEX Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Second Quarter of 2015
Apr 20 15
IDEX Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $502,198,000 compared to $543,996,000 a year ago. Operating income was $101,757,000 compared to $113,835,000 a year ago. Income before income taxes was $92,883,000 compared to $104,222,000 a year ago. Net income was $65,954,000 or $0.84 basic and diluted per share compared to $74,548,000 or $0.91 diluted per share a year ago. Net cash flows provided by operating activities were $49,404,000 compared to $74,185,000 a year ago. Purchases of property, plant and equipment were $10,077,000 compared to $10,809,000 a year ago. EBITDA was $121,990,000 compared to $133,936,000 a year ago. Capital expenditures were $10,077,000 compared to $10,809,000 a year ago.
The company is lowering full year 2015 EPS guidance to $3.50 to $3.60, while maintaining an operating margin of approximately 21%. Full year CapEx, still in the $45 million range. The company expects free cash flow will be at that 120%
The company is projecting second quarter 2015 EPS of 88 cents to 90 cents. Tax rate expect to be about 29.5% with again about a 6% top line sales headwind from FX, which is about $0.06 just in the quarter versus last year.
IDEX Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 11:20 AM
Apr 10 15
IDEX Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 11:20 AM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Michael John Yates, Chief Accounting Officer and Vice President.
IDEX Corporation Increases Regular Quarterly Cash Dividend, Payable on April 30, 2015
Apr 9 15
IDEX Corporation announced that its Board of Directors has approved a 14% increase in the company’s regular quarterly cash dividend to $0.32 per common share. The next dividend will be paid April 30, 2015 to shareholders of record as of April 21, 2015.