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IDEX Corporation (IEX)
NYSE:IEX
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.77Last Year’s EPS
1.75Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlights clear, concentrated strength: HST delivered robust order momentum (organic orders +34% in Q4), backlog expansion and margin improvement, alongside solid cash generation ($617M FCF) and disciplined capital returns (nearly $250M repurchases, $213M dividends). However, that positive performance sits alongside persistent softness in other core industrial end markets—particularly within FMT (chemical, energy, ag) and FSDP (outside U.S. and dispensing)—volume deleverage/mix headwinds, and a conservative companywide growth outlook (FY2026 organic ~1–2%). Management expects to continue investing in growth platforms and bolt‑on M&A while allowing some temporary cost savings to be redeployed. Overall, the results show strong execution in targeted growth areas and excellent cash/return metrics, but balanced by mixed end‑market dynamics and modest aggregated growth guidance.Company Guidance
HST Orders and Backlog Momentum
HST delivered strong demand with organic orders up ~34% in Q4, record quarterly orders of ~$493M, a year‑over‑year backlog build of over ~$100M and revenue growth in the segment (reported ~+5% in remarks). HST adjusted EBITDA margin expanded ~60 basis points year‑over‑year driven by price, cost and productivity.
Overall Order Strength and Selective Organic Growth
Companywide organic order growth was +16% in the quarter and full‑year organic revenue grew ~+1% in 2025, driven by advantaged markets (data center, semiconductor, space & defense, municipal water, food & pharma).
Margin Expansion and Productivity Savings
Adjusted EBITDA margin expanded ~40 basis points year‑over‑year in the reported quarter. Platform optimization and cost containment produced ~ $60M of full‑year savings (about $40M structural, ~$20M temporary). Adjusted gross margin was flat in the quarter as price/cost/productivity offset volume deleverage and mix.
Strong Cash Generation and Capital Returns
Free cash flow for FY2025 was $617M (up ~2% year‑over‑year) with free cash flow conversion ~103% of adjusted net income. Q4 free cash flow was ~$190M. Liquidity remained strong at ~ $1.1B. Management returned capital with ~$73M repurchased in Q4 (nearly $250M total for the year), paid dividends of ~$213M, and reduced gross leverage from ~2.2x to ~2.0x.
Pricing Contribution and Pricing Discipline
Price was a positive contributor: ~3% price on average for FY2025 (Q4 ~3.5%). Management expects price contribution to moderate to ~1–2% in FY2026 but to remain additive to growth.
Platform / M&A Execution and Bolt‑on Integration
Execution of the 8020 growth platform is highlighted as working: the Microlam bolt‑on acquisition closed in 2025 and integrated successfully with strong early growth. Management emphasized cross‑business collaboration (HST platforms, water analytics, materials/optics) driving new wins tied to AI/data‑center and semiconductor ecosystems.
2026 Guidance (Conservative but Positive for HST)
Full‑year 2026 guidance: organic growth ~1–2% (company balances mid‑single‑digit HST growth with flat/slightly down FMT and FSDP), adjusted EBITDA margin targeted at ~26–27% for the year, adjusted EPS guidance $8.15–$8.35 (low‑ to mid‑single‑digit growth YoY). Q1 seasonal metrics: organic ~1%, adjusted EBITDA ~24.5% and adjusted EPS $1.73–$1.78.
IEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $201.61 | $212.25 | +5.28% |
Oct 29, 2025 | $166.34 | $172.77 | +3.86% |
Jul 30, 2025 | $183.72 | $162.98 | -11.29% |
May 01, 2025 | $171.29 | $172.56 | +0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IDEX Corporation (IEX) report earnings?
IDEX Corporation (IEX) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is IDEX Corporation (IEX) earnings time?
IDEX Corporation (IEX) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IEX EPS forecast?
IEX EPS forecast for the fiscal quarter 2026 (Q1) is 1.77.