IDEX Corp's stock surged 5.14% during Wednesday's intraday trading session following the release of its fourth-quarter financial results.

The industrial equipment maker reported quarterly adjusted earnings per share of $2.10, exceeding analyst estimates of $2.04. Revenue for the quarter reached $899.1 million, also beating expectations of $882.4 million and representing a 4.2% increase year-over-year.

Additional positive metrics from the report included adjusted net income of $157.2 million versus estimates of $153.1 million and a significant 21% increase in free cash flow to $189.8 million. The company's better-than-expected performance across key financial indicators drove investor optimism and the subsequent stock price appreciation.