Overview
Engineered products firm's Q4 sales rose 4%, beating analyst expectations
Adjusted EPS for Q4 increased 3%, beating analyst expectations
Company utilized $73 mln for share repurchases in Q4
Outlook
IDEX expects full-year 2026 organic sales to rise 1% to 2%
Company forecasts 2026 adjusted diluted EPS of $8.15 to $8.35
IDEX projects Q1 2026 organic sales to increase about 1% from prior year; sees adjusted diluted EPS of $1.73 to $1.78
Result Drivers
HST SEGMENT GROWTH - Order growth in HST segment driven by demand for AI-related projects, including data center power solutions and semiconductor applications
OPERATIONAL PRODUCTIVITY - Improved operational productivity and cost containment measures contributed to increased gross margin
SEGMENT CHALLENGES - FMT and FSDP segments faced lower volumes, partly offset by positive pricing strategies
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $899.10 mln | $882.43 mln (11 Analysts) |
Q4 Adjusted EPS | Beat | $2.10 | $2.04 (11 Analysts) |
Q4 EPS | $1.71 | ||
Q4 Adjusted Net Income | Beat | $157.20 mln | $153.06 mln (6 Analysts) |
Q4 Adjusted EBITDA | Beat | $240.90 mln | $215.20 mln (2 Analysts) |
Q4 Adjusted Gross Margin | 43.10% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for IDEX Corp is $201.00, about 0.3% below its February 3 closing price of $201.61
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nBw4TP6qCa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)