IDEX Corporation Signs “Equity Principles” Pledge, Committing to Achieve Gender Equity in Leadership by 2030

News Release
June 10, 2019

June 10, 2019 – LAKE FOREST, ILLINOIS – IDEX Corporation (NYSE: IEX) today became a founding pledge partner in The Chicago Network’s new Equity Principles Campaign. IDEX Chairman & CEO Andrew K. Silvernail signed the pledge, committing the company to work toward achieving gender equity in leadership roles throughout the organization by 2030.

“The importance of women serving in leadership roles – and the societal demands for gender equity – have never been greater,” Silvernail said. “Women in leadership bring valuable differences in thought and experience. While we have a long way to go, diversifying leadership across our organization continues to be a goal as we strive for ongoing success.”

The Equity Principles Campaign provides companies with a practical toolkit with clear actions to take, such as identifying and removing barriers in the employment life cycle – from hiring to performance reviews – so that opportunities for conscious and unconscious bias are removed. Details about the pledge and toolkit can be found at www.thechicagonetwork.org/equityprinciples.

 

“Gender parity in manufacturing leadership is essential to having the perspective and balance that leads to optimal performance. Bottom line – it just makes good business sense,” said IDEX Senior Vice President and General Counsel Denise Cade, who also serves as a board member for The Chicago Network. “I’m proud to be part of an organization that understands the necessity of this pledge.”

The Chicago Network is an organization of more than 500 influential women that aims to empower women to lead, with a vision of gender equity throughout organizations.

ABOUT IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call 40 diverse businesses around the world part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global $2+ billion company committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

 

 

IH&S Employees Volunteer for United Way “Day of Caring”

Company News
June 5, 2019

 

 

IDEX Health & Science (IH&S) team members from the Center of Excellence and Semrock facilities, volunteered for United Way’s Day of Caring in Rochester, New York last month.

Partnering with the Rochester Childfirst Network (RCN), 20 IH&S employees from the manufacturing, marketing and finance departments took down a dead tree and planted new ones in the sensory garden. Team members also cleared the sensory garden of weeds and leaves, created a new walking path, and cleaned up two other playground and garden areas. In addition, IH&S employees replaced a wooden ramp with cement, to ensure handicapped students have a safe way to exit the RCN facility in case of an emergency.

The IDEX Foundation donated $5,000 to support the cause.

Rochester Childfirst Network (RCN) is a not-for-profit agency dedicated to advancing the quality of early education and care in Western New York, through leadership, advocacy, and innovative direct services to children. Serving children since 1857, RCN aims for every child to grow up safe, strong, and able to achieve his or her full potential.

Teams at the IH&S Center of Excellence and Semrock facilities manufacture optical filters, lenses, light sources, and sub systems used in machines that perform DNA sequencing, among other applications.

 

 

 

 

 

IDEX Fire & Safety Demonstrates SAM Technology on North American Tour

Company News
May 30, 2019

Complete with rock ‘n’ roll-style tour T-shirts, IDEX Fire & Safety brands, Akron Brass, Hale and Class 1 are traveling across the United States with a demonstration pumper truck, showcasing the new SAM touch screen water control technology.

SAM, which IDEX Fire & Safety introduced last month, is an integrated total water flow control system that manages truck’s pump, tank, intakes and discharges.

SAM easily allows pump operators to adjust flow with a touch screen display that is mounted on the truck and helps firefighters get water moving quickly and efficiently, while allowing more freedom and mobility at the scene of a fire.  SAM drastically simplifies pump operations.  Traditional pump operations require up to 13 manual steps to get water flowing and the water source established.  With SAM, it only takes three simple finger swipes on the screen.

Since FDIC International, the SAM team has brought the truck to fire departments and trade shows in Ontario, Indiana, Ohio, Pennsylvania, New York and Michigan. They will continue on the road through the fall.

To see where the SAM truck is headed next, click here.

To see how the SAM technology works, click here.

 

Fluid Management Hosts Book Fair for Local Elementary School

Company News
May 28, 2019

Fluid Management (FM), a unit of IDEX which manufactures paint dispensing and mixing equipment in Wheeling, Illinois (USA), continued their partnership with Jane Addams Elementary school in nearby Palatine this month.

In their third year of the partnership, FM employees have assisted in several projects, including volunteering at the schools’ track and field day, science night, literacy night, funding the “One School One Book” program and more.

Recently, 31 FM employees hosted their 2nd Book Fair for Jane Addam’s students. FM Employees setup the book store, helped students select books, and even read books to younger students throughout the day.

In collaboration with the IDEX Foundation, 581 students were able to select up to $20 worth of books and the school received additional books worth $2,500 to add to the library.

“Although the U.S. High School Graduation Rates are improving, there are still far too many students that do not finish high school,” said Mark Bishop, VP of Human Resources at Fluid Management. “Research suggests that children who develop a passion for books have a higher likelihood of finishing. Our team has done some really terrific work to encourage a love of learning and staying in school.”

Located near FM’s office, Jane Addams Elementary school serves students from Pre-K through 6th grade.

 

Warren Rupp Receives Presidential Award For Exports

Company News
May 24, 2019
Pictured from Left to Right: Michelle Miller, Marketing Manager David Llewellyn, General Manager Heather Neil, Trade Compliance Manager Jake Medley, International Trade Compliance

On Thursday, U.S. Secretary of Commerce Wilbur Ross presented Warren Rupp Inc. with the President’s “E” Award for Exports at a ceremony in Washington, D.C. In total, Secretary Ross honored 48 U.S. companies with the President’s “E” Award, the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.

“Warren Rupp has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with Warren Rupp’s innovative development of new products specifically for export markets,” said Secretary Ross in his congratulatory letter to the company announcing its selection as an award recipient.

“The company’s work to achieve to regulatory approvals that help sustain and expand export sales was also particularly notable. Warren Rupp’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”

Warren Rupp Inc. is a leading manufacturer of air-operated double diaphragm (AODD) pumps. Warren Rupp engineered solutions for various industrial markets are sold worldwide through a network of independent, factory-authorized distributors, marketed in over 60 countries and in nearly every major trading area.

“Over the past decade, we’ve made significant investments in expanding our global reach,” said David Llewellyn, General Manager of Warren Rupp. “Through a number of sales and marketing initiatives we’ve expanded our global footprint and are proud to provide quality products made in the United States abroad. This award is a testament to the hard work of Warren Rupp employees, and it is an honor to accept the “E” Award on their behalf.”

In 2018, U.S. exports were the highest on record with U.S. services at $821.1 billion and U.S. exports of goods reaching $1.7 trillion, demonstrating how American private enterprise can not only survive, but thrive, in the international market.

American companies are nominated for “E” Awards through the U.S. and Foreign Commercial Service office network, located within the U.S. Department of Commerce’s International Trade Administration. Record years of successive export growth and an applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in selecting the overall winners.

For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.

Pictured from Left to Right: U.S. Commerce Secretary Wilbur Ross, Trade Compliance Manager Heather Neil, General Manager David Llewellyn and Undersecretary of Commerce for International Trade Gilbert B. Kaplan

 

IDEX Named to Exclusive “Healthiest Companies in America” List

Company News
May 22, 2019

Interactive Health recently named IDEX Corporation as one of the “Healthiest Companies in America,” recognizing the company’s high workplace wellness program participation rate and low overall health risks.

IDEX is one of just 151 companies in America to make the list. To be included, at least 70 percent of employees must participate in their workplace wellness program, and their workforce’s overall health risk must be low, based on the results of an annual health evaluation.

“A healthy workforce reaps so many benefits for both our company and our employees,” said IDEX Chief Human Resources Officer Jeff Bucklew said. “We place tremendous value on offering a comprehensive health and wellness program to help our employees, partners and families make positive changes to improve their overall well-being.”

Companies with successful employee wellness programs generally have higher productivity, lower medical costs, fewer workers’ compensation and disability claims, and reduced absenteeism, according to Interactive Health.

Read the Interactive Health press release by clicking here.

Available as part of the benefits package for U.S.-based employees, the IDEX Wellness Program empowers employees to take charge of their health, so they can be their best self – at home and at work.

The IDEX wellness resources include:

  • One-on-one health coaching
  • Weight management guidance
  • Nutrition planning
  • Fitness tips
  • Diabetes prevention tips
  • And more!

New iPEK System Makes Sewer Inspections Easier

Company News
May 21, 2019

Sewer inspections are becoming significantly more efficient thanks to a latest innovation in crawler technology from iPEK, a unit of IDEX. Sulzberg, Germany-based iPEK, which manufactures wastewater inspection systems, introduced its new ROVION SAT II inspection system at the ROKATECH tradeshow earlier this month.

In the past, if the sewer pipe diameter of the sewage pipe changed, it would require the inspector to take the crawler out and adjust the setup, making the processes time consuming and tedious. Not anymore.

With three years of product development and tireless focus on their customers, the iPEK team developed the ROVION SAT II inspection system, consisting of an extremely powerful crawler and a revolutionary cable reel.

The new system is designed to resolve three major pain point for end users: limited pipe size range, high downtime and inefficient inspections of house connections, also known as laterals.

To improve the system’s flexibility, the RX140SAT II crawler expands the capabilities of its predecessor, allowing users to inspect sewer pipes ranging from 150mm – 2000mm, compared to 150mm to 600mm in the past. The new crawler also features a push rod and TV-cable, which allows the crawler to conduct lateral launches in a sewer system. With the addition of the 45-meter push rod, end users can now inspect pipe laterals more thoroughly and locate possible hazards in the sewerage system more quickly

To see the ROVION SAT II Field Test, click here

 

 

 

 

 

 

 

 

 

 

 

 

IDEX Corporate Employees Pack Food for Children in Haiti

Company News
May 15, 2019

IDEX Corporate office employees partnered with Feed My Starving Children in Libertyville, Illinois, to pack food for children in Haiti last week.

Twenty-eight team members from the Human Resources, Legal and Accounting departments hand-packed bags with rice, soy, dried vegetables and a nutritionally complete blend of vitamins and minerals. After filling bags with food, team members also sealed, boxed and placed packages on pallets for shipping.

With four different groups of employees working together, the hand-packing event quickly turned into a competition to pack as much food as possible.

As a result, in just two hours team members packed a total of 74 boxes, providing almost 16,000 meals for children in Haiti!

Located near the IDEX offices in Lake Forest, Feed My Starving Children (FMSC) is a non-profit that provides nutritionally complete meals specifically formulated for malnourished children. Founded in 1987, FMSC has shipped more than 137 million meals to 43 countries this year alone.

To learn more about the organization, click here to watch a video.

 

GODIVA Team Gets Muddy While Raising Money for Prostate Cancer

Company News
May 8, 2019

Team members at GODIVA Limited, which manufactures vehicle-mounted fire and safety equipment, participated in an off-road 10K charity run near their Warwickshire, U.K., office last month.

The Wolf Run — which stands for woods, obstacles, lakes and fields — is a wild race that allows people to experience natural, raw running conditions.

Eight Godiva employees ran over and through some of nature’s finest obstacles, including, mud pits, fallen trees, hills and dense foliage, to raise money for an organization of their choice. With close personal connections to prostate cancer, the team raised £145 ($190 USD) in support of Prostate Cancer UK.

Participants included Justin Somanathan, Lewis Maynard, Simon Tudor, Kevin Raybould, Sarah Raybould, Adam Smith, Nipun Patney and Justin Sabharwal.

IDEX Reports First Quarter Results; Delivers Q1 Operating Margin of 23.8 Percent and Record EPS of $1.44

News Release
April 25, 2019

LAKE FOREST, Ill.–(BUSINESS WIRE)–Apr. 25, 2019– IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended March 31, 2019.

First Quarter 2019 Highlights

  • Orders were up 4 percent overall and 6 percent organically
  • Sales were up 2 percent overall and 4 percent organically
  • Operating margin was 23.8 percent, up 120 bps
  • EPS was $1.44, up 12 percent

View full report at: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-first-quarter-results-delivers-q1-operating-margin

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