IDEX Q4 sales rise 4%, beat expectations

Overview

• Engineered products firm's Q4 sales rose 4%, beating analyst expectations

• Adjusted EPS for Q4 increased 3%, beating analyst expectations

• Company utilized $73 mln for share repurchases in Q4

Outlook

• IDEX expects full-year 2026 organic sales to rise 1% to 2%

• Company forecasts 2026 adjusted diluted EPS of $8.15 to $8.35

• IDEX projects Q1 2026 organic sales to increase about 1% from prior year; sees adjusted diluted EPS of $1.73 to $1.78

Result Drivers

• HST SEGMENT GROWTH - Order growth in HST segment driven by demand for AI-related projects, including data center power solutions and semiconductor applications

• OPERATIONAL PRODUCTIVITY - Improved operational productivity and cost containment measures contributed to increased gross margin

• SEGMENT CHALLENGES - FMT and FSDP segments faced lower volumes, partly offset by positive pricing strategies

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for IDEX Corp is $201.00, about 0.3% below its February 3 closing price of $201.61

• The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw4TP6qCa

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