By Dean Seal
IDEX has boosted its share repurchase authorization to $1 billion.
The industrial manufacturer said Thursday that it would increase the current program, which had $440 million remaining as of June 30, to reflect management's confidence in IDEX's growth strategy and ability to generate strong free cash flow.
For the full year, IDEX expects to return at least 70% of its free cash flow to investors through dividends and stock buybacks, Chief Executive Eric Ashleman said.
"In the near-term, we intend to deploy free cash flow towards expanding our capabilities through bolt-on acquisitions and returning capital to shareholders," Ashleman said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
September 18, 2025 17:28 ET (21:28 GMT)
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