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Last $69.30 USD
Change Today -1.03 / -1.46%
Volume 241.7K
IEX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

idex corp (IEX) Snapshot

Open
$69.34
Previous Close
$70.33
Day High
$69.75
Day Low
$69.02
52 Week High
06/18/15 - $80.31
52 Week Low
08/24/15 - $65.45
Market Cap
5.4B
Average Volume 10 Days
563.2K
EPS TTM
$3.51
Shares Outstanding
77.4M
EX-Date
07/14/15
P/E TM
19.7x
Dividend
$1.28
Dividend Yield
1.73%
Current Stock Chart for IDEX CORP (IEX)

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idex corp (IEX) Details

IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty chemical processing valves, as well as provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The company’s Health & Science Technologies segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications. This segment also provides optical components and coatings for scientific research, defense, biotechnology, aerospace, telecommunications, and electronics manufacturing applications; laboratory and commercial equipment for the production of micro and nano scale materials; precision photonic solutions for life sciences, research, and defense markets; and precision gear and peristaltic pump technologies. Its Fire & Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints for retail and commercial businesses. The company was founded in 1987 and is based in Lake Forest, Illinois.

6,712 Employees
Last Reported Date: 02/23/15
Founded in 1987

idex corp (IEX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $895.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $471.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $404.1K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $424.6K
Senior Vice President - Group Executive
Total Annual Compensation: $404.1K
Compensation as of Fiscal Year 2014.

idex corp (IEX) Key Developments

The U.S. Equal Employment Opportunity Commission Files Lawsuit Against IDEX Corp

The U.S. Equal Employment Opportunity Commission has filed a lawsuit against IDEX Corp. for what it says was discrimination against its former Miami-based regional manager. According to a complaint from the EEOC, Gregorio Reyes was IDEX's regional manager of the Caribbean and Eastern Mexico from October 2007 until December 2011, when he was told his position had been removed. He worked for the company from his Miami home. Reyes and the EEOC maintain that it was discrimination that caused him to lose his job due to complications from his advanced colon cancer. He was diagnosed about a year before he was terminated from the company, and he was unable to work on the days he was hospitalized or receiving chemotherapy. The complaint says Reyes went on sick leave from November 2010 to December 2010, during which time he had colon surgery, and told his supervisor, Chris Clarke (the director of the Latin America Commercial Operations division of IDEX at the time) that he would have to undergo chemotherapy once every two weeks for about six months, and could not travel during that time. Clarke allegedly agreed to Reyes' request, but Clarke left the company at about the same time that Reyes returned to work in January 2011. Before he left, Clarke told his supervisor that Reyes was the best person to replace him, and also that he had cancer, the complaint says. Reyes maintained his position while another person was hired in Clarke's place. Reyes then had to undergo chemotherapy again from late January 2011 until about July 2011, and the EEOC says he maintained his work goals during that time. While he was undergoing his second round of chemotherapy, Reyes allegedly was told his territory would be transferred to a regional manager in Mexico, and in an instance in May, he was temporarily unable to travel due to being hospitalized because of his condition. The complaint alleges that Reyes was fired Dec. 8, 2011, and overlooked for the Mexico-based regional manager position, even though he was willing to relocate. The EEOC says IDEX violated the Americans with Disabilities Act and is attempting to reach a pre-litigation settlement with the company.

IDEX Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reiterates Earnings Guidance for the Year 2015 and Provides Earnings Guidance for the Third Quarter of 2015

IDEX Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $514,881,000 against $546,693,000 a year ago. Operating income was $109,909,000 against $112,088,000 a year ago. Income before income taxes was $98,498,000 against $101,546,000 a year ago. Net income was $69,585,000 or $0.89 per basic and diluted share against $71,777,000 or $0.88 per diluted share a year ago. Free cash flow was $86 million. For the six months, the company reported net sales of $1,017,079,000 against $1,090,689,000 a year ago. Operating income was $211,666,000 against $225,923,000 a year ago. Income before income taxes was $191,381,000 against $205,768,000 a year ago. Net income was $135,539,000 or $1.72 per basic and diluted share against $146,325,000 or $1.79 per diluted share a year ago. Net cash flows provided by operating activities were $148,428,000 against $166,180,000 a year ago. Purchases of property, plant and equipment were $23,826,000 against $23,299,000 a year ago. For the year 2015, the company reiterated its prior guidance expecting per share earnings in a range of $3.50 to $3.60 a share. Full year CapEx will be about $45 million. Free cash flow should be about 120% of net income. For the third quarter, EPS expect to be $0.88 to $0.90 and operating margin of just around 21%. And tax rate will be 29% to 29.5%.

IDEX Corporation Promotes Eric Ashleman as Chief Operating Officer

IDEX Corporation announced the promotion of Eric Ashleman to the position of Senior Vice President and Chief Operating Officer, effective immediately. Mr. Ashleman will continue to report to Andrew Silvernail, IDEX Chairman and Chief Executive Officer. Mr. Ashleman will be responsible for the operations of all IDEX business units. Mr. Ashleman joined IDEX Corporation in March 2008 and most recently held the position of Senior Vice President and Group Executive, leading two of the company’s business segments–Health & Science Technologies and Fire & Safety/Diversified Products–comprising more than half the company’s annual revenue. His experience prior to joining IDEX Corporation included positions of increasing management responsibility at AlliedSignal, Honeywell, and Danaher Corporation.

 

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Industry Analysis

IEX

Industry Average

Valuation IEX Industry Range
Price/Earnings 20.9x
Price/Sales 2.6x
Price/Book 3.8x
Price/Cash Flow 20.3x
TEV/Sales 2.1x
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