Last $76.94 USD
Change Today -0.16 / -0.21%
Volume 225.3K
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As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

idex corp (IEX) Key Developments

IDEX Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-13-2014 12:30 PM

IDEX Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-13-2014 12:30 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Heath A. Mitts, Chief Financial Officer and Senior Vice President.

IDEX Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014 ; Increases Guidance for the Full Year 2014

IDEX Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $546,693,000 compared with $518,445,000 for the same period a year ago. Operating income was $112,088,000 compared with $99,559,000 for the same period a year ago. Income before income taxes was $101,546,000 compared with $88,389,000 for the same period a year ago. Net income was $71,777,000 or $0.88 per diluted share compared with $62,561,000 or $0.76 per diluted share for the same period a year ago. EBITDA was $131.3 million compared with $119.1 million for the same period a year ago. Cash flow from operating activities was $92 million compared with $109.3 million for the same period a year ago. Capital expenditures were $12.5 million compared with $8.2 million for the same period a year ago. Free cash flow was $80.3 million compared with $103.4 million for the same period a year ago. For the six months, the company reported net sales of $1,090,689,000 compared with $1,012,893,000 for the same period a year ago. Operating income was $225,923,000 compared with $194,271,000 for the same period a year ago. Income before income taxes was $205,768,000 compared with $173,823,000 for the same period a year ago. Net income was $146,325,000 or $1.79 per diluted share compared with $123,861,000 or $1.49 per diluted share for the same period a year ago. The company expects third quarter EPS in the range of 83 to 85 cents and operating margin will be just about 20% and tax rate should come in at around 30% for the quarter. For the full year 2014, the company increased guidance. The company now guiding EPS of $3.50 to $3.55, and sales for the year will be 5% to 6%. Full year operating margin should exceed 20%, and tax rate's going to be 29% to 29.5% for the full year. CapEx will be up and it will be about $45 million to $50 million for the year, and free cash flow will still come in, 120% of net income.

IDEX Corporation, Q2 2014 Earnings Call, Jul 23, 2014

IDEX Corporation, Q2 2014 Earnings Call, Jul 23, 2014

IDEX Corporation Declares Regular Quarterly Cash Dividend, Payable on July 31, 2014

IDEX Corporation announced that its board of directors has approved a regular quarterly cash dividend of $0.28 per common share. The next dividend will be paid July 31, 2014 to shareholders of record as of July 16, 2014.

IDEX Corporation Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 02:00 PM

IDEX Corporation Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 02:00 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States.

 

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IEX

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Valuation IEX Industry Range
Price/Earnings 22.8x
Price/Sales 2.9x
Price/Book 3.8x
Price/Cash Flow 22.2x
TEV/Sales 2.3x
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