NYSE$IEX

IDEX Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

IDEX reported third quarter results with sales of $581.1 million and adjusted EPS of $1.40.

IDEX Corporation announced its financial results for the three month period ended September 30, 2020. Sales were $581.1 million, down 7 percent compared with the prior year period. Adjusted EPS was $1.40.

  • Cash from operations of $153.7 million led to quarterly free cash flow of $135.3 million
  • Operating margin of 22.6%; adjusted operating margin of 23.1%
  • EPS of $1.37; adjusted EPS of $1.40
  • Adjusted EBITDA margin of 26.9%

Headline financials

Total Revenue

$581M

Previous: $624M-6.9%
EPS (adj)

$1.40

Previous: $1.52-7.9%
Capital Expenditures

-$39.4M

Previous: -$36.8M-7.2%
Free Cash Flow

$64.4M

Previous: $68.4M-5.9%
Net Income

$104M

Previous: $105M-1.3%
Operating Income

$131M

Previous: $142M-7.4%
Gross Profit

$252M

Previous: $282M-10.8%
Cash & Equivalents

$878M

Previous: $516M+70.1%
Total Assets

$4.23B

Previous: $3.71B+13.8%
Stock-Based Comp

$7.49M

Previous: $6.21M+20.7%

Revenue & EPS history

IDEX · Revenue · Quarterly

$581M

Q3 2020-6.9%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

IDEX · $582M total across 3 segments · Q3 2020

  • Fluid & Metering Technologies
    $221M-8.4%
  • Health & Science Technologies
    $220M-4.0%
  • Fire & Safety/Diversified Products
    $141M-8.8%

Forward guidance

The company expects fourth quarter organic sales to continue to improve sequentially and be down approximately 3 to 5 percent versus prior year.

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 Q3 2020

Historical avgQ3 2020

+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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