IDEX Corporation has released its financial results for the three months ended June 30, 2025. The company's net sales increased by 7% to $865.4 million compared to $807.2 million in the same period in 2024. However, the net income attributable to IDEX decreased by $9.7 million, falling to $131.6 million from $141.3 million in the previous year. The net income margin also declined by 240 basis points, reaching 15.1%. The company reported a diluted EPS of $1.74, down from $1.86 in the prior year, showing a decrease of $0.12. Adjusted net income attributable to IDEX saw a marginal increase, rising by $0.4 million to $156.5 million. Adjusted EBITDA also saw an increase, reaching $237.2 million compared to $224.2 million in the previous year. In terms of outlook, IDEX Corporation has adjusted its guidance for the full year 2025. It now expects to generate GAAP diluted EPS of $6.30 to $6.44, a revision from the previous guidance of $6.56 to $6.95. The adjusted diluted EPS is anticipated to be in the range of $7.85 to $7.95. For the third quarter of 2025, the company forecasts GAAP diluted EPS of $1.54 to $1.61 and adjusted diluted EPS of $1.90 to $1.95, with an expected organic sales growth of 2% to 3%. IDEX Corporation's financial results reflect a short-term volatility, but the company remains optimistic about its long-term value delivery, leveraging its strong culture and market positioning.
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