NYSE$IEX

IDEX Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

IDEX achieved record results driven by robust demand and strong operating performance.

IDEX Corporation reported record first-quarter results, with record sales of $751 million, up 15% overall and 12% organically. The company also achieved record EPS of $1.83, up 24%, and record adjusted EPS of $1.96, up 21% compared to Q1 2021.

  • Record reported EPS of $1.83, up 24% and record adjusted EPS of $1.96, up 21% vs. Q1 2021
  • Record orders of $856 million, up 20% overall and 16% organically vs. Q1 2021
  • Record sales of $751 million, up 15% overall and 12% organically vs. Q1 2021
  • Record reported operating margin of 25.0%, up 110 basis points vs. Q1 2021

Headline financials

Total Revenue

$751M

Previous: $652M+15.2%
EPS (adj)

$1.96

Previous: $1.51+29.8%
Capital Expenditures

-$16.1M

Previous: -$14.6M-10.2%
Free Cash Flow

$124M

Previous: $98.1M+26.3%
Net Income

$140M

Previous: $113M+24.2%
Operating Income

$188M

Previous: $156M+20.6%
Gross Profit

$343M

Previous: $293M+17.0%
Cash & Equivalents

$733M

Previous: $958M-23.5%
Total Assets

$5B

Previous: $4.46B+12.1%
Stock-Based Comp

$6.6M

Previous: $6.2M+6.5%

Revenue & EPS history

IDEX · Revenue · Quarterly

$751M

Q1 2022+15.2%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

IDEX · $752M total across 3 segments · Q1 2022

  • Health & Science Technologies
    $315M+25.9%
  • Fluid & Metering Technologies
    $272M+11.8%
  • Fire & Safety/Diversified Products
    $165M+3.3%

Forward guidance

Full year 2022 organic sales growth is projected to be 6 to 8 percent, with an 8 to 9 percent organic sales increase in the second quarter of 2022 versus the prior year period. The Company expects full year 2022 reported EPS attributable to IDEX of $6.87 to $7.00 (adjusted EPS attributable to IDEX of $7.50 to $7.63) and second quarter 2022 reported EPS attributable to IDEX of $1.69 to $1.74 (adjusted EPS attributable to IDEX of $1.85 to $1.90).

Tailwinds

  • Full year 2022 organic sales growth is projected to be 6 to 8 percent
  • 8 to 9 percent organic sales increase in the second quarter of 2022 versus the prior year period
  • Full year 2022 reported EPS attributable to IDEX of $6.87 to $7.00
  • Full year 2022 adjusted EPS attributable to IDEX of $7.50 to $7.63
  • Second quarter 2022 reported EPS attributable to IDEX of $1.69 to $1.74

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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