IDEX Corp. Reports Q4 Earnings Beat, Revenue Miss
NORTHBROOK, Ill., Feb. 28, 2023 - IDEX Corp. (IEX) announced fourth-quarter earnings of $123.2 million, or $1.62 per share. Adjusted earnings were $2.04 per share, exceeding analyst estimates of $2.03 per share.
Revenue came in at $862.9 million, falling short of the consensus estimate of $865 million. For the full year, IDEX reported net income of $505 million, or $6.64 per share, on revenue of $3.27 billion.
The company projects first-quarter EPS in the range of $1.60 to $1.65 and full-year EPS between $8.10 and $8.45.