An update from IDEX ( (IEX) ) is now available.
IDEX Corporation reported a slight 1% increase in sales for Q3 2024, influenced by acquisitions, while organic sales remained flat. Despite a decline in diluted EPS by 43% to $1.57, the company maintained strong operating cash flow. The acquisition of Mott Corporation and a successful public offering of Senior Notes were key highlights. Looking ahead, IDEX projects a slight decline in full-year organic sales growth, while focusing on long-term value creation through strategic resource deployment across its technology-driven segments.
Find detailed analytics on IEX stock on TipRanks’ Stock Analysis page.
