By Kelly Cloonan
Shares of IDEX declined after the company cut its full-year guidance, citing a downturn in large orders as customers appear cautious amid an uncertain macroeconomic environment.
The stock fell 8.5% to $169.53 on Wednesday. Shares are down 19% this year.
The industrial manufacturer said Wednesday it now expects earnings per share of $6.30 to $6.44 for the year, compared to its previous guidance for $6.56 to $6.95.
It now forecasts adjusted earnings per share of $7.85 to $7.95 for the year, down from its prior outlook of $8.10 to $8.45.
The updated guidance reflects expectations for a more moderate pace of organic sales growth this year as order trends deteriorated slightly exiting the second quarter, the company said.
Chief Executive Eric Ashleman said several customers are approaching larger orders with caution amid an uncertain macroeconomic environment, delaying an expected acceleration in parts of the company's business.
"Taken together, we are resetting our baseline financial assumptions for the remainder of 2025," Ashleman said.
The new outlook comes as the IDEX's second-quarter profit and sales beat Wall Street's expectations.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 30, 2025 12:38 ET (16:38 GMT)
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