NYSE$IEX
IDEX Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
IDEX reported strong Q1 2021 results, with revenue and EPS increases, and raised full year guidance.
IDEX Corporation reported a 10% increase in both orders and sales for Q1 2021, with organic growth of 6%. The company's reported EPS was $1.48, with an adjusted EPS of $1.51. Strong cash generation led to a record Q1 free cash flow of $94.7 million. The company raised its full year adjusted EPS guidance to $6.05 to $6.20.
- Record orders and sales were up 10 percent overall and 6 percent organically compared to Q1 2020
- Reported operating margin was 23.9 percent with adjusted operating margin of 24.3 percent
- Reported EPS was $1.48 with adjusted EPS of $1.51
- Record Q1 free cash flow of $94.7 million
Headline financials
Revenue & EPS history
IDEX · Revenue · Quarterly
$652M
Revenue by segment
IDEX · $653M total across 3 segments · Q1 2021
- Health & Science Technologies$250M+11.7%38.3%
- Fluid & Metering Technologies$243M+7.3%37.3%
- Fire & Safety/Diversified Products$159M+10.5%24.4%
Forward guidance
The company raised its full year adjusted EPS guidance to $6.05 to $6.20 with second quarter adjusted EPS of $1.60 to $1.63. They are also increasing their full year organic revenue growth expectations to 9 to 10 percent with 18 to 20 percent growth in the second quarter.
Tailwinds
- Full year adjusted EPS guidance raised to $6.05 to $6.20
- Second quarter adjusted EPS of $1.60 to $1.63
- Full year organic revenue growth expectations increased to 9 to 10 percent
- Second quarter organic revenue growth expected to be 18 to 20 percent
- M&A funnel remains robust and the company is fully committed to pursuing additional opportunities in 2021
Headwinds
- The duration of the COVID-19 pandemic and the continuing effects of the COVID-19 pandemic on our ability to operate our business and facilities
- Economic and political consequences resulting from terrorist attacks and wars
- Pricing pressures and other competitive factors and levels of capital spending in certain industries
- The Company's ability to make acquisitions and to integrate and operate acquired businesses on a profitable basis
- Political and economic conditions in foreign countries in which the Company operates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.8%
Avg return
30 days after
57%
39 / 68 earnings
Positive
+8.4%
Q2 2018
Best reaction
-9.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | +4.4% | +2.8% | |
| Q4 2025 | +5.3% | +4.5% | -1.8% | |
| Q3 2025 | +3.8% | +0.8% | +4.2% | |
| Q1 2025 | +0.7% | +3.2% | +4.0% | |
| Q4 2024 | -9.6% | -10.2% | -14.2% | |
| Q3 2024 | +6.7% | +5.5% | +12.8% | |
| Q2 2024 | -5.7% | -7.6% | -0.8% | |
| Q1 2024 | -2.3% | -4.0% | -6.2% | |
| Q4 2023 | +1.9% | +4.6% | +9.4% | |
| Q3 2023 | +0.2% | -1.1% | +3.4% | |
| Q2 2023 | +4.0% | +7.3% | +7.4% | |
| Q1 2023 | -3.5% | -4.0% | -5.5% | |
| Q4 2022 | -2.3% | -1.4% | -3.7% | |
| Q3 2022 | +6.1% | +7.6% | +13.7% | |
| Q2 2022 | +3.6% | +8.2% | +10.7% | |
| Q1 2022 | +0.2% | -1.0% | -1.4% | |
| Q4 2021 | -4.1% | -8.3% | -9.7% | |
| Q3 2021 | +0.5% | +0.6% | +6.7% | |
| Q2 2021 | -2.9% | +0.2% | -0.1% | |
| Q1 2021 | -0.2% | -0.6% | -1.6% | |
| Q4 2020 | -2.2% | +2.4% | +2.1% | |
| Q3 2020 | -9.2% | -10.4% | +0.8% | |
| Q2 2020 | -1.0% | -2.3% | +5.6% | |
| Q1 2020 | +0.7% | +4.0% | -0.8% | |
| Q4 2019 | -3.1% | -3.6% | -13.6% | |
| Q3 2019 | -2.0% | -0.2% | +2.5% | |
| Q2 2019 | +1.3% | +1.9% | -3.7% | |
| Q1 2019 | -0.1% | -0.0% | -2.4% | |
| Q4 2018 | +1.1% | +1.8% | +6.2% | |
| Q3 2018 | -4.8% | -4.6% | -0.4% | |
| Q2 2018 | +8.4% | +9.1% | +9.8% | |
| Q1 2018 | -2.1% | +0.0% | +1.0% | |
| Q4 2017 | +1.4% | -0.2% | -4.0% | |
| Q3 2017 | -0.3% | +1.0% | +1.5% | |
| Q2 2017 | +2.8% | +2.4% | -0.2% | |
| Q1 2017 | +7.1% | +9.2% | +14.1% | |
| Q4 2016 | -2.5% | -1.6% | +3.9% | |
| Q3 2016 | +0.4% | -0.1% | +6.9% | |
| Q2 2016 | +2.3% | +2.4% | +9.0% | |
| Q1 2016 | +0.8% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | +4.8% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | +4.3% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | +2.2% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | +2.0% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2012 | -0.0% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2011 | -4.8% | — | — | |
| Q2 2011 | -3.9% | — | — | |
| Q1 2010 | -3.0% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q4 2008 | +3.7% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q3 2009 | +2.3% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q2 2009 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — |
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