NYSE$IEX
IDEX Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
IDEX reported record orders and sales, navigating supply chain challenges and achieving strong operating results.
IDEX Corporation announced record third-quarter results with significant increases in orders and sales. The company reported a 23% increase in sales and a 36% increase in orders compared to the prior year. Adjusted EPS reached a record $1.63, and the company narrowed its full-year adjusted EPS guidance to $6.30 to $6.33.
- Record orders of $774.2 million, up 36% overall and 28% organically compared to Q3 2020.
- Record sales of $712.0 million, up 23% overall and 15% organically compared to Q3 2020.
- Reported operating margin was 22.6% with adjusted operating margin of 24.3%.
- Record reported EPS was $1.51 with record adjusted EPS of $1.63.
Headline financials
Revenue & EPS history
IDEX · Revenue · Quarterly
$712M
Revenue by segment
IDEX · $713M total across 3 segments · Q3 2021
- Health & Science Technologies$302M+37.2%42.4%
- Fluid & Metering Technologies$251M+13.8%35.3%
- Fire & Safety/Diversified Products$159M+12.9%22.3%
Forward guidance
The company expects organic sales growth of 9 to 10 percent with EPS in the range of $1.55 to $1.58 for the fourth quarter. For the full year, they are maintaining their projection of 11 to 12 percent organic sales growth and narrowing their adjusted EPS range to $6.30 to $6.33.
Tailwinds
- Expects organic sales growth of 9% to 10% for Q4.
- Maintaining full-year organic sales growth projection of 11% to 12%.
- Narrowing adjusted EPS range to $6.30 to $6.33 for the full year.
- Acquisitions made in the first half of the year are performing extremely well.
- Balance sheet remains strong, with ample capital to support organic investments in business innovations and strategic M&A.
Headwinds
- Assumes similar output to Q3 results.
- Potential for year-end logistics challenges.
- Step up in targeted investments.
- Challenging supply chain environment.
- Macro constraints that inhibit customer satisfaction.
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 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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