NYSE$IEX

IDEX Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

IDEX reported strong fourth quarter and record full year results.

IDEX Corporation reported a strong fourth quarter with sales of $810.7 million, up 13% overall and 12% organically, and EPS of $1.71, up 10% and adjusted EPS of $2.01, up 18%. Net income increased to $130.0 million. The company achieved record full-year results, driven by capacity expansion, innovation, and strategic acquisitions.

  • Reported EPS of $1.71, up 10% and adjusted EPS of $2.01, up 18%.
  • Orders of $803.4 million, up 1% overall and 1% organically.
  • Sales of $810.7 million, up 13% overall and 12% organically.
  • Net income of $130.0 million; net income margin of 16.0%, down 60 basis points.

Headline financials

Total Revenue

$811M

Previous: $715M+13.4%
EPS (adj)

$2.01

Previous: $1.55+29.7%
Capital Expenditures

$20M

Previous: $27.2M-26.5%
Free Cash Flow

$147M

Previous: $136M+8.4%
Net Income

$130M

Previous: $119M+9.4%
Operating Income

$175M

Previous: $162M+8.0%
Gross Profit

$346M

Previous: $314M+10.0%
Cash & Equivalents

$430M

Previous: $855M-49.7%
Total Assets

$5.51B

Previous: $4.92B+12.1%
Stock-Based Comp

$5.2M

Previous: $1.83M+184.9%

Revenue & EPS history

IDEX · Revenue · Quarterly

$811M

Q4 2022+13.4%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

IDEX · $812M total across 3 segments · Q4 2022

  • Health & Science Technologies
    $353M+20.0%
  • Fluid & Metering Technologies
    $288M+13.8%
  • Fire & Safety/Diversified Products
    $171M+1.4%

Forward guidance

Full year 2023 organic sales growth is projected to be 1 to 5 percent, with GAAP EPS of $7.55 to $7.85 (adjusted EPS of $8.50 to $8.80). First quarter 2023 organic sales growth is projected to be 3 to 5 percent, with GAAP EPS of $1.74 to $1.79 (adjusted EPS of $1.98 to $2.03).

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 Q4 2022

Historical avgQ4 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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