IDEX Corporation (IEX) saw its stock price plummet by 6.07% in Wednesday's trading session, despite reporting better-than-expected second-quarter results. The sharp decline comes as the company significantly lowered its full-year 2025 profit forecast, citing growing economic uncertainty and slowing demand for industrial equipment.
For the second quarter of 2025, IDEX reported adjusted earnings per share of $2.07, surpassing analysts' expectations of $1.99. Revenue also beat estimates, coming in at $865.4 million, up 7% year-over-year and above the consensus forecast of $858.7 million. However, these positive results were overshadowed by the company's cautious outlook for the remainder of the year.
IDEX has trimmed its full-year 2025 adjusted earnings per share guidance to a range of $7.85 to $7.95, down from the previous forecast of $8.10 to $8.45. This new outlook falls well below the $8.21 per share that analysts were expecting. CEO Eric Ashleman noted, "Order trends in our rapid-turn businesses downshifted slightly exiting the second quarter... in this uncertain macro-environment, several customers are taking a more cautious stance on larger orders." This statement suggests that IDEX is facing headwinds from broader economic uncertainties, which could impact its performance in the coming quarters and has led to the significant stock price decline.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.