- Idex’s fourth-quarter adjusted earnings per share (EPS) was $2.04, slightly beating the estimate of $2.02.
- The company reported net sales of $862.9 million, just above the expected $862 million.
- Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $227.5 million, below the estimate of $234.5 million.
- The adjusted gross margin was exactly as estimated at 43.1%.
- For the first quarter of 2025, organic sales are anticipated to decrease by 3% to 4% compared to the same period last year.
- Idex teams effectively finished the year strong despite facing an increasingly uncertain environment, delivering on commitments to customers.
- The Fluid & Metering Technologies teams reported modest growth in orders, sales, and profitability across various industrial and municipal markets.
- Stock recommendations include 7 buys, 8 holds, and 0 sells.
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Idex Corp on Smartkarma
Analyst coverage on Smartkarma regarding Idex Corp has been provided by Baptista Research. In one report titled “IDEX Corporation: Will The Management’s Enhanced Focus on Fast-Growing Markets Pay Off? – Major Drivers,” the company’s financial results for the third quarter of 2024 were discussed. Despite economic uncertainties, Idex Corp reported a revenue of $798 million with flat organic growth compared to the previous year. The adjusted EBITDA margin was 26.9%, albeit a decline of 150 basis points due to acquisition-related expenses.
In another report by Baptista Research called “IDEX Corporation: Expansion in Life Sciences & Analytical Instrumentation & China Market Prospects Driving Our Optimism! – Financial Forecasts,” Idex Corp‘s performance for the second quarter of 2024 was highlighted. The company achieved better-than-expected results in adjusted EBITDA margin and adjusted EPS, attributed to strong global team execution. Revenue and orders for Idex Corp presented a nuanced landscape, reflecting both achievements and challenges in a complex macroeconomic environment.
A look at Idex Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have evaluated Idex Corp using the Smart Scores system, which rates companies on different aspects. Idex Corp has received a moderate rating across the board, with a score of 3 for Value, Dividend, Growth, and Resilience, indicating a stable performance in these areas. However, the company shines in Momentum with a score of 4, suggesting strong positive market momentum.
Idex Corp, a company specializing in pump products, dispensing equipment, and engineered products, has been assessed to have a generally steady long-term outlook. While not excelling in any particular category, its consistent ratings across key factors bode well for its future performance, especially with a notable uptick in market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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