Nedjine Doreus, Author at IDEX Corporation

IDEX Corporation Appoints Sean Gillen as SVP, Chief Financial Officer

Company News

December 4, 2025

NORTHBROOK, IL (December 4, 2025) – IDEX Corporation (NYSE:IEX) today announced the appointment of Sean M. Gillen as Senior Vice President and Chief Financial Officer of the Company, effective January 5, 2026. Akhil Mahendra, who has served as the Company’s interim Chief Financial Officer since May 2025, will return to his role as Vice President, Corporate Development.

Mr. Gillen brings extensive experience driving financial performance, portfolio discipline, operational efficiency, and strategic growth at large diverse global industrial and manufacturing businesses. He joins IDEX after serving for nearly seven years as Chief Financial Officer of AAR CORP. (NYSE:AIR), a provider of aviation services to the aerospace and defense industries. During his tenure, Mr. Gillen was instrumental in developing and deploying the Company’s strategy with a focus on portfolio management, capital deployment, and M&A. Prior to AAR CORP., Mr. Gillen was Vice President and Treasurer of building materials manufacturer USG Corporation (formerly NYSE: USG), and before that, he was a Vice President in Goldman Sachs’ Global Industrial Investment Banking Division.

“We are thrilled to welcome Sean to IDEX,” said IDEX Chief Executive Officer and President, Eric Ashleman. “He has a demonstrated track record of driving profitable growth, operational execution, and disciplined capital allocation. He also brings a decade of M&A advisory experience within the industrial sector. We look forward to benefitting from his leadership as we continue shaping and executing our enterprise strategy and building scale across key growth sectors, while continuing to implement our disciplined 8020 approach. I’d also like to thank Akhil for his leadership and contributions as interim Chief Financial Officer.”

“IDEX is at a pivotal point in its evolution,” said Mr. Gillen. “The Company’s differentiated strategy, guided by its 8020 approach, positions it well to continue building on its growth markets while improving margins. I look forward to partnering with Eric and the rest of the leadership team to accelerate IDEX’s progress and build on IDEX’s strong momentum.”

The Company also announced that Senior Vice President and Chief Human Resources Officer Melissa S. Flores will be departing IDEX to pursue another employment opportunity, effective December 19, 2025. IDEX thanks Melissa for her significant contributions and years of service with the Company. Following her departure, the Company intends to fill the role externally with a focus on talent strategy and culture. To support that enhanced focus, IDEX also intends to leverage existing leadership to oversee the effective management of HR operations and administration.

About IDEX

IDEX Corporation (NYSE: IEX), a global engineered products company, is comprised of three primary business segments – Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety / Diversified Products. Thousands of IDEX employees around the world design and manufacture highly engineered components and applied solutions that are vital to the advances of modern life and help IDEX live its purpose – Trusted Solutions, Improving Lives™. From satellite communications to water systems, from medical diagnostic components to emergency rescue tools and more, we collaborate with customers in the most critical industries to develop solutions that make the world better today and into the future. Founded in 1988, IDEX now includes more than 50 dynamic businesses around the world and manufacturing operations in more than 20 countries. Learn more about the impactful work we do at idexcorp.com.

Investor Contact:

Jim Giannakouros, CFA

Vice President, Investor Relations

investorrelations@idexcorp.com

Media Contact:

IDEX Corporation

Mark Spencer

Vice President, Global Communications

idexmedia@idexcorp.com

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Business Units Achieve IDEX Green Certification

Company News

November 5, 2025

Since the program was launched earlier this year, 13 business units have achieved IDEX Green certification, demonstrating our commitment to improving sustainability across our manufacturing operations.

These IDEX teams followed a practical, structured framework to better measure and understand their environmental footprint through data logging tools, installation of 100% LED lighting, reduction of water use and waste production, among other improvement efforts.

Sites also must optimize their compressor systems – oftentimes the most energy intensive equipment in a facility. Teams are encouraged to take advantage of free programs offered by local utilities to identify and address opportunities to improve energy efficiency.

Those who achieve these milestones not only reap the benefits of operational efficiency, they build a positive culture of sustainability and engagement in their workforces. Business units can also tout the achievement externally to customers and prospective employees.

Congratulations to the following IDEX Green certified businesses:

ABEL Pump Technology
Advanced Flow Solutions (Liquid Controls, Corken, SAMPI)
Airtech
Fast & Fluid Management
Gast
Godiva
Hale
IDEX Health & Science (Bristol, Connecticut & Rohnert Park, California)
Richter
Tecan
Viking Pump (Cedar Falls, Iowa)
Warren Rupp

IDEX REPORTS THIRD QUARTER RESULTS

News Release

October 29, 2025

Highlights
(All comparisons are against the prior year period unless otherwise noted)

Record sales of $879 million increased 10% on a reported basis and 5% organically
Reported diluted EPS of $1.70 increased 8%, and adjusted diluted EPS of $2.03 increased 7%
Record orders of $880 million increased 13% on a reported basis and 7% organically
Narrowed full year EPS outlook
◦ GAAP diluted EPS of $6.35 – $6.40
◦ Adjusted diluted EPS of $7.86 – $7.91
Utilized $75 million for share repurchases in Q3 2025 and $175 million year-to-date
Increased share repurchase authorization to $1 billion

NORTHBROOK, IL, October 29, 2025 – IDEX Corporation (NYSE: IEX) today announced its
financial results for the three-month period ended September 30, 2025.
“Our IDEX teams executed well in the third quarter, delivering solid results in an uncertain
macroeconomic environment. We are focused squarely on what we can control as we leverage our 8020 approach to drive momentum within our growth platforms. Our teams are effectively collaborating across businesses to support our fastest growing customers, and our results are strong evidence of this, positioning IDEX to deliver against targets for the second half of 2025,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“We support our growth efforts with a balanced capital deployment strategy, prioritizing allocation towards the highest return areas. In the near-term, we expect to continue our focus on returning capital to shareholders as we optimize our growth platform playbook and execute complementary bolt-on acquisitions. As we continue to execute our growth strategy, we are confident that we can achieve attractive growth and consistent value creation long-term.”

Outlook

Full Year 2025 GAAP diluted EPS narrowed to $6.35 – $6.40 (adjusted diluted EPS narrowed to
$7.86 – $7.91), within prior guidance range
Full year 2025 organic sales growth of approximately 1% remains unchanged
Platform optimization and cost containment actions on pace to deliver $60+ million in full-year
savings
On track to achieve at least 100% free cash flow conversion for full year 2025

The Beast Is Hungry – What Should Warren Rupp Feed It?

Company News

October 5, 2025

Rubber chickens. T-shirts. Gloves.

These aren’t things you’d typically associate with industrial pumping equipment. But at Warren Rupp, our colleagues fed them all to “The BEAST,” one of the company’s powerful and versatile SANDPIPER brand air-operated double diaphragm (AODD) pumps.

Why? Because the Warren Rupp marketing team is cooking up a fun and quirky “BEAST Challenge” video campaign on YouTube.

Best known for its ability to handle tough industrial fluids, The Beast took on a lineup of quirky items with ease in a test run this week outside their facility in Mansfield, Ohio. Time and again, the heavy-duty pump ingested one unusual item after another, spitting it out the other end – proving it’s difficult to clog a SANDPIPER pump.

Our IDEX colleagues at Warren Rupp are global leaders in AODD pump technology. They serve industries ranging from chemical processing and mining to food production and wastewater treatment. Their flagship brands—SANDPIPER and Versamatic—are trusted by engineers and operators around the world for their durability, reliability, and performance.

Warren Rupp’s pumps are designed to handle everything from abrasive slurries to delicate food-grade materials.

IDEX India’s Inaugural Food Drive Collects Over 12,000 kg of Food to Aid Local Communities

Company News

September 5, 2025

Since 2020, the annual IDEX Food Insecurity Challenge has consistently served as a catalyst for action within the communities where we live and work. This year, in conjunction with the IDEX Foundation’s 6^th Annual Food Drive, IDEX Foundation India hosted the same initiative for the first time with the support of 326 employees in Mumbai, Vadodara and Sanand.

IDEX India collected and donated an impressive total of 12.7 metric tons (14 U.S. tons) of food grains to support underprivileged families in their surrounding communities of Sanand GIDC, near our facilities in Ahmedabad and Vadodara.

To ensure meaningful impact, they assessed the basic monthly ration needs of a family of five, and found the average requirement to be:

Based on this, the team organized their donations into one-month ration kits for 467 families. The foundation collaborated with Manav Seva Trust in Sanand and Baroda Youth Federation (BYF_NGO) to distribute kits to tuberculosis patients, pregnant women receiving government healthcare, and other at-risk individuals.

The total food collected and donated:

The IDEX India Foundation supports local charitable efforts in the communities in which IDEX employees live and work in India. It is separate from the IDEX Foundation, which because of local laws cannot operate in India.

Breathing New Life into Legacy Equipment: A Story of Ingenuity and Upcycling

Company News

August 5, 2025

In an example of creativity and resourcefulness, one of our teams at Iridian Spectral Technologies – a unit of IDEX specializing in designing and manufacturing thin-film, multi-layer high-performance filter optics – recently completed a remarkable rebuild of a Blanchard rotary surface grinder—transforming a decades-old, non-functional machine into a modern, production-ready asset.

The project began quietly in late 2022 when the control system of an early- ‘90s Blanchard unit failed. With no immediate need to bring it back online, the team initiated a low-priority effort to explore the feasibility of a full control system rebuild. The team drafted a preliminary design and ordered core components. They made initial progress, but soon paused the project. It remained that way until a second Blanchard unit failed earlier this year, prompting a shift in priorities.

What followed was a two-week sprint of innovation to refurbish the polishing machine. The team removed the outdated control system and servo, replacing them with a modern setup featuring a new servo, Programmable Logic Controller (PLC), and touch panel. Custom mounting plates and a replacement timing gear were fabricated to integrate the new components seamlessly. By the end of the second week, the machine was running a fully automatic grind cycle.

However, the journey didn’t stop there. A failed bearing in the main grinding motor posed another challenge. Historically, these specialized conical bearings were costly and slow to source. Demonstrating true ingenuity, the team located an identical alternative for a fraction of the cost—and had them delivered within 24 hours. After a careful motor rebuild, the machine passed testing and completed its first successful grind.

A particularly exciting discovery during the rebuild was a plate indicating the machine originally belonged to Semrock now part of IDEX Health & Science—adding a layer of history to this upcycling success story.

Fine-tuning continued with precision shimming of the cutting head and magnetic chuck, reducing part wedge from 130μm to just 5μm. The machine was released to production shortly after and has since been running reliably, producing high-quality parts with minimal variation.

Beyond restoring a pivotal machine, this project has broader benefits. A new grinder is about $250-300K USD. This upcycling project took three weeks and cost $5K USD. Additionally, the team now has a flexible, in-house control system compatible with most Blanchard 8AD-12 units. This opens the door to future upgrades and salvaging efforts, offering a cost-effective alternative to purchasing new equipment while enhancing customization and workflow efficiency.

Based in Ottawa, Canada, Iridian Spectral Technologies is a global leader in designing and manufacturing thin-film, multi-layer high-performance filter optics.

IDEX Acquires Micro-LAM, Adding Laser-Assisted Machining to Expertise in Optical Technologies

News Release

July 31, 2025

JULY 30, 2025 – NORTHBROOK, ILLINOIS – IDEX Corporation today announced the acquisition of Micro-LAM, Inc., an advanced manufacturer of laser-assisted machining, ultra-precision diamond tools and custom optics. Micro-LAM, and its subsidiaries, 603 OPTX and M10 Edge, complement the optical technologies solutions within the IDEX Health & Science Technologies segment.

“This strategic addition expands IDEX materials science expertise serving many industries, including aerospace, defense and optics – attractive markets for our highly diversified company,” IDEX CEO and President Eric Ashleman said.

Among other technologies, Micro-LAM designs and manufactures innovative machining technologies that equip ultra-precision machines with a hybrid laser-diamond cutting system. Their laser-assisted machining (LAM) using diamond turning fabricates optical surfaces from advanced engineered materials. Micro-LAM’s cutting edge diamond tools achieve optimal quality, accuracy and repeatability in producing optical components from complex materials like metals, IR crystalline materials, and polymer substrates.

That expertise complements the existing optical technology offerings from IDEX businesses like Advanced Thin Films, Iridian Spectral Technologies, and CVI Laser Optics.

Founded in 2012, and incorporated in 2017, Micro-LAM began as a spinoff from Western Michigan University, where Deepak Menon developed his Ph.D. thesis, capturing advances in laser-assisted machining. Dr. Menon will continue to lead Micro-LAM’s growth.

The company’s core innovation is the OPTIMUS system, which combines a diamond cutting tool with a laser that softens the material just ahead of the cutting edge. This allows for smoother, more precise cuts, less subsurface damage, and reduced need for additional processing.

Based in Portage, Michigan, Micro-LAM has about 90 employees across three locations – including Keene, New Hampshire, and Stevenage, U.K.

About IDEX

IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make everyday life better. IDEX precision components help craft the microchip powering your electronics, treat water so it is safe to drink, and protect communities and the environment from sewer overflows. Our optics enable global broadband satellite communications, and our pumps move challenging fluids that range from hot, to viscous, to caustic. IDEX components assist healthcare professionals in saving lives as part of many leading diagnostic machines, including DNA sequencers that help doctors personalize treatment. And our fire and rescue tools, including the industry-leading Hurst Jaws of Life^®, are trusted by rescue workers around the world. These are just some of the thousands of products that help IDEX live its purpose – Trusted Solutions, Improving Lives^™. Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX now includes more than 50 diverse businesses around the world. With about 9,000 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing, global company with approximately $3.3 billion in annual sales.

For further information on IDEX Corporation and its business units, visit the company’s website at idexcorp.com.

IDEX REPORTS SECOND QUARTER RESULTS

News Release

July 30, 2025

Highlights
(All comparisons are against the prior year period unless otherwise noted)

Record sales of $865 million increased 7% and 1% organically
Reported diluted EPS of $1.74 declined 6%, and adjusted diluted EPS of $2.07 was relatively flat year-over-year, exceeding second quarter expectations
Orders of $830 million increased 7% on a reported basis and 2% organically, below the year-to-date average
Revising full year EPS outlook to GAAP diluted EPS of $6.30 – $6.44 and adjusted diluted EPS of $7.85 – $7.95
Remain highly confident in the sustainable value creation engine IDEX is building through our integrated growth strategies and a balanced capital deployment strategy

NORTHBROOK, IL, July 30, 2025– IDEX Corporation (NYSE: IEX) today announced its financial results for the three-month period ended June 30, 2025.

“IDEX teams once again delivered strong execution in the second quarter in what continues to be a challenging operating environment,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“Order trends in our rapid-turn businesses downshifted slightly exiting the second quarter although current levels suggest a steady sequential progression into the third quarter. That said, in this uncertain macro-environment, several customers are taking a more cautious stance on larger orders that has delayed the expected second-half acceleration in parts of our recently-acquired businesses. Taken together, we are resetting our baseline financial assumptions for the remainder of 2025.

Despite this near-term volatility, I am excited about how our strong culture of 8020, breadth of market exposure, and ability to tune our capabilities with agility and speed for our customers in advantaged markets positions IDEX extremely well to deliver consistent and attractive shareholder value over the long term.”

Full Year and Third Quarter 2025 Guidance

In 2025, the Company now expects to generate GAAP diluted EPS of $6.30 – $6.44 (adjusted diluted EPS of $7.85 – $7.95) a change from previous guidance of $6.56 – $6.95 (adjusted diluted EPS of $8.10 – $8.45), based on expected full year organic sales growth of approximately 1%. In the third quarter 2025, the Company expects to generate GAAP diluted EPS of $1.54 – $1.61 (adjusted diluted EPS of $1.90 – $1.95), based on expected third quarter 2025 organic sales growth of 2% to 3%.

Precision Polymer Engineering Celebrates a Half-Century of Sealing in Critical Applications

Company News

July 28, 2025

In 1975, a vision was born to manufacture high performance sealing materials for the most demanding applications in the most critical industries. Today, Precision Polymer Engineering (PPE) proudly celebrates its 50th anniversary.

Earlier this month, PPE hosted a 50^th Birthday Family Festival at Brockholes Nature Reserve in Preston, UK. This celebration was an opportunity for people from PPE’s past and present, and their families, to get together and enjoy a day of food and festivities.

Founded by Peter Cummings in a garage in Blackburn, PPE has grown to over 300 people working across cutting-edge manufacturing facilities in the United Kingdom, Texas, and Saudi Arabia. From those early days of experimentation in a small garage shop, PPE has evolved into a trusted name in sealing across aerospace, semiconductors, energy, and life sciences. They have pioneered materials like Perlast®, earned industry certifications, and expanded their reach across continents.

“Reaching our 50th year of operation is an incredible achievement, and it’s all thanks to the hard work and dedication of employees past and present, as well as the loyalty and trust of our valued customers and partners around the world,” said Carlos Uribe, President of Precision Polymer Engineering.

Eric Ashleman, CEO and President of IDEX Corporation, gave the following comments:

“Today we celebrate an incredible milestone—50 years of Precision Polymer Engineering. Like many great companies, the PPE story didn’t begin in a boardroom. What started as a small operation has grown into a global leader in high-performance sealing solutions.”

What’s next for Precision Polymer Engineering?

As Precision Polymer Engineering begins its next chapter, the company remains committed to identifying new ways to impact the sealing landscape in energy, life sciences, semiconductor manufacturing, and industrial applications. The team will also continue to be at the forefront of material innovation, improving performance and supporting our customers with reaching their sustainability goals as part of a more environmentally responsible future.

IH&S Employees Support Summit Assistance Dogs Canine Condo Grand Opening

Company News

June 27, 2025

It was all paws on deck at Summit Assistance Dogs this week for Health & Science employees in Oak Harbor, Washington, U.S.A.

The Oak Harbor team rolled up their sleeves to help prepare for the grand opening of the brand-new Canine Condo!

Here’s what they accomplished:

• Cleaned 150 windows
• Vacuumed & mopped 4,800 sq ft of flooring
• Assembled 8 cozy doggie beds
• Walked and socialized service dogs

Summit Assistance Dogs provides highly skilled mobility service dogs to people living with disabilities, creating life-changing partnerships. The new Canine Condo will serve as a kennel facility for their resident pups—and it’s already making tails wag!

The grand opening drew over 200 guests (plus lots of four-legged attendees), and everyone was impressed by the new space. THANK YOU to our volunteers and to the IDEX Foundation for their generous $60,000 donation to install specialized, long-lasting non-slip flooring in time for the big event.

IDEX Health & Science Fluidics innovates and manufactures fluidic components and assemblies that work within a broad range of performance parameters to support customer instrument development from concept, to prototype, and then to final production.