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Last $75.82 USD
Change Today -0.23 / -0.30%
Volume 151.3K
IEX On Other Exchanges
Symbol
Exchange
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As of 2:19 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

idex corp (IEX) Key Developments

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

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 Increases Regular Quarterly Cash Dividend, Payable on April 30, 2015

IDEX Corporation announced that its Board of Directors has approved a fourteen percent 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.

IDEX Corporation, Q1 2015 Earnings Call, Apr 21, 2015

IDEX Corporation, Q1 2015 Earnings Call, Apr 21, 2015

IDEX Corporation, Annual General Meeting, Apr 08, 2015

IDEX Corporation, Annual General Meeting, Apr 08, 2015., at 09:00 Central Standard Time. Location: Lincolnshire Marriott Resort. Agenda: To elect two directors, each for a term of three years; to vote on a non-binding resolution to approve the compensation of the company’s named executive officers; to approve the second amended and restated the company's incentive award plan; to ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2015; and to transact such other business as may properly come before the annual meeting.

IDEX Corporation Announces Changes to Board of Directors

IDEX Corporation announced the retirement of Michael Tokarz and Bradley Bell from the company's Board of Directors, effective as of the IDEX Annual Shareholders meeting on April 8, 2015. In addition, IDEX announced that Bill Cook will replace Michael Tokarz as lead director.

 

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IEX

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Valuation IEX Industry Range
Price/Earnings 22.6x
Price/Sales 2.8x
Price/Book 4.1x
Price/Cash Flow 22.0x
TEV/Sales 2.2x
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