IDEX Corporation reported its financial results for the third quarter ended September 30, 2025. Orders for the period were $880.3 million, up 13% from $780.5 million in the same quarter of 2024. Net sales reached $878.7 million, an increase of 10% from $798.2 million in the prior-year period. Gross profit was $390.6 million, compared to $353.9 million in the third quarter of 2024. Gross margin was 44.5%, up 20 basis points from 44.3%. Net income attributable to IDEX was $127.8 million, compared to $119.1 million last year, with a net income margin of 14.5%, down 40 basis points from 14.9%. Adjusted net income attributable to IDEX was $152.8 million, up from $144.1 million. Adjusted EBITDA was $239.8 million, compared to $214.3 million, and adjusted EBITDA margin was 27.3%, up 40 basis points. Adjusted diluted EPS attributable to IDEX was $2.03, up from $1.90 in the prior year. Free cash flow for the period was $188.7 million, compared with $191.6 million in the third quarter of 2024. Free cash flow conversion was 123%, compared to 133% in the prior year period. During the quarter, IDEX repurchased 461,500 shares at a cost of $75.0 million and completed the acquisition of Micro-LAM for $80.7 million in cash. The company stated it is on track to achieve at least 100% free cash flow conversion for the full year 2025.