GAST Shares Vision and Builds Bonds at 2024 Distributor Partner Forum

Company News
April 1, 2024

During a three-day gathering, GAST employees from all over the U.S., Europe, and Asia unite to share strategy, marketing, and new products hoping to garner excitement about the brand and its trajectory.

Distributors are best described as the eyes and ears of the market. They are important because they help them access local markets through their unique relationships with end-users and customers in unique communities.

While discussing strategy is always important, it’s no secret that networking and team building are essential to any team’s success. The GAST Forum embraces that outlook and intentionally includes opportunities for all attendees – including the extended distributor network – to interact and learn how to best support one another.

GAST Distribution Partners are deeply engaged in meeting the daily needs of their customers, brimming with enthusiasm, unwavering commitment, and a steadfast expectation of excellence for themselves and GAST.

An air-moving business unit of IDEX, GAST continues to develop and manufacture product offerings with a variety of medical, dental, and food service applications, including powerful compressed air riser mount systems, ventilators and oxygen concentrators that align with our mission – Trusted Solutions Improving Lives™ 

IDEX India Uplifts Underprivileged Girls by Celebrating the Power of Dreams

Company News
April 1, 2024

As part of their ongoing commitment to positively impact young girls, IDEX India partnered with the IDEX Foundation and a local non-governmental organization (Vatsalya Trust) to host an event for Balikashram girls (underprivileged girls) celebrating the power of dreams.

The two-hour session attended by over 130 people focused on one main goal – to help young girls realize their full potential. The group discussed pursuing passions, personal growth, and overcoming challenges. Students were deeply engaged throughout the event and asked questions about mentorship and career paths.

Accomplished speaker and community role model Dr. Namita Pandey joined as the keynote speaker sharing inspiring words.

Finally, there was a small award ceremony supported by the IDEX Foundation, which celebrated the achievements of current Balikashram girls and Balikashram alumni who have gone on to realize their dreams.

This event was organized by the IDEX Foundation Trustees, the Mumbai Corporate Social Responsibility Committee, and the dedicated volunteers. Their unwavering support was pivotal in making “Project Lakshya” a transformative experience.

Here’s a glimpse into the event:

IDEX Health & Science Releases BioTight™ Fittings

Company News
April 1, 2024

IDEX Health & Science has introduced BioTight™, a new ferrule and lock ring combination fitting that is ideal for low-pressure fluidic applications.

Industry Problem: It can be hard to source easy-to-use fittings suitable for low-pressure applications in confined spaces.

IH&S Solution: The BioTight from IDEX Health & Science— a tiny and low-profile design that’s metal-free and easy to use.

For customers navigating the world of low-pressure applications, compact fittings and connection products are critical. The tiny, but mighty BioTight has a low-profile design that allows it to navigate tight spaces that other fittings can’t reach.

“It’s exciting to see the introduction of our new BioTight fitting series,” said Scott Anderson, Business Line Leader for Connections products.  “BioTight fittings are specifically designed for current and next-generation life science instrumentation flow paths. This new fitting technology will enable our customers to engineer new analytical instruments leading to breakthroughs in life science applications.”
 

BioTight is ideal for bio markets including genomics, next-generation DNA sequencing, spatial biology, IVD Bio, and Chromatography. BioTight is easy to use, compact, versatile, and metal-free. Finally, it’s made with all PEEK (polyetheretherketone) high-performance plastic components to ensure chemical and biological compatibility.


IDEX Health & Science, LLC is the global leader in life science fluidics, microfluidics, and optics, offering a three-fold advantage to customers by bringing optofluidic paths to life with strategic partnerships, solutions, and expertise.

ADS Helps Disabled Adults Prepare for Spring Planting Season

Company News
April 1, 2024

Employees at ADS got their hands dirty at Next Step Farms (NSFs) in Alabama, USA, transforming a garden used by intellectually and developmentally disabled adults. By placing 30 raised bed planter boxes, filling them with topsoil and mixing in soil amendments that they provided, the team was able to prepare this community for the spring planting season. 

Learning to grow and prepare farm-fresh proteins, produce, and products is one example of the many skills taught by Next Step Farms. 

The non-profit organization conducts programs focused on teaching life skills to disabled adults who are students of their programs. Skills include cleaning, cooking, organization, home/auto maintenance, basic finance, computer skills, and personal hygiene. Instructing the students on these skills helps them gain some independence, seek employment and eases the demand on their caregivers.

The NSFs staff and students were so pleased and thankful for the hard work completed by ADS. In addition to uplifting a great charitable organization, this event also provided a platform for fellowship and team-building for the ADS group. Read the ADS blog post:  https://lnkd.in/envWtyME

ADS is a unit of IDEX that provides flow monitoring systems that help water and sewer system operators detect and address blockages and other concerns before they damage property or the environment.

IDEX Celebrates International Women’s Day Celebrations Around the World

Company News
April 1, 2024

At IDEX, we are proud to support and promote the inclusion of women in all parts of what we do. Business units across the globe participated in events that led to dialogue on International Women’s Day.

Many teams posted their updates to LinkedIn. Scroll through, like and comment.

IDEX China

Employees at IDEX China organized a handmade mosaic vase activity, women empowerment movie recommendations, and prepared an exquisite tea break with surprise gifts for all women employees.

Watch their IWD Video here: https://share.vidyard.com/watch/GheAn921r9uLq3FyxsemV1?

Wonderful moments from their celebrations

IDEX India

Female colleagues gathered for a group picture to promote their new diversity development program.

GAST honors all the amazing women at on their teams. Their unparalleled dedication and innovation power our success and Inspires Inclusion!

Matcon Limited

International Women’s Day at Matcon was filled with enlightening activities and discussions that highlighted the importance of women and their contributions to the organization.

The event included a 30-minute walk by male employees in high-heels, providing them with a lighthearted but insightful perspective.


This was followed by a thought-provoking lunch session where we reflected on the progress made by women in the industry, while also acknowledging the roadblocks that remain.


The celebration concluded with an empowering webinar titled ‘Women on the Frontline,’ hosted by the InBalance Europe Employee Resource Group. This webinar provided a platform for female colleagues to share their experiences and insights.

IDEX Optical Technologies celebrated all female employees by posting them to their website! Get to know each of the valued women on their team and learn about their roles.
From dedicated engineers to visionary leaders, each woman on the Fast & Fluid team brings unique perspectives and strengths to our company.
The team at Fluid Management pledges to continue to break more barriers and move forward together towards a more inclusive and diverse future.
Godiva Limited hosted a workshop with break out sessions focused on specific topics that challenge societal expectations.

Employees at Precision Polymer Engineering Limited are working towards a world which is diverse, equitable, and inclusive for everyone. 

Watch their IWD video on LinkedIn!

New ADS Ultrasonic Monitoring System Alerts Authorities to Rising Floodwaters

Company News
April 1, 2024

After years in the sewers, ADS is bringing its game above ground. 
 
A unit of IDEX that provides flow monitoring systems that help water and sewer system operators detect underground blockages early, ADS has a new solution for monitoring flooding on the surface. Based on similar technology to the sewer applications, the ForeSITE™-UL (Ultrasonic Level) monitoring technology system includes a smart device that continuously measures the surface level of water.  

The devices can be positioned over waterways, streets, underpasses, storm water outfalls, or any other area prone to flooding. The system can also monitor surface water levels in lakes, reservoirs, lagoons, rivers, streams, irrigation canals and tidal gates. 

If water levels rise, ForeSITE-UL sends messages and sounds alarms that a flood event is eminent. Alerted early, authorities can act to help prevent loss of property and life in the community. Early detection of rising flood waters can also reduce safety hazards to municipal workers and the public. 

An Increasing Concern 

Many stormwater management systems in urban areas are outdated and in need of repair or replacement. Surface water infrastructure such as dams, levees and water treatment plants are also aging. Upgrading old infrastructure is a significant challenge due to high costs and the challenge of disrupting existing systems. 

Until costly infrastructure improvements are made, local authorities can benefit greatly from early detection of emerging issues. 

As with all ADS solutions, ForeSITE-UL offers a range of different support options, from self-installation to full turnkey installation, monitoring, and data analytics services. This gives system operators optimal flexibility for managing their collection infrastructure in a manner that best fits their goals, budget, and staffing situations. 

With a battery life of four years, the system provides measurements at user-prescribed intervals with high accuracy. Data is logged and communicated via cellular infrastructure.

The ForeSITE-UL employs ADS PRISM™ suite of cloud-based, end-to-end software for aggregation, data storage, visualization, and analysis. PRISM provides virtual real-time information to system operators facilitating data-driven decision making.

Vetter Solutions Reduces Fire Risk from Burned E-Vehicles

Company News
February 7, 2024

When electric vehicles catch fire, the aftermath can pose a significant risk for firefighters and towing services. After it appears the fire is extinguished, lithium-ion batteries can reignite. When safely removing a vehicle, it is important to first cool the batteries. But how?

Recognizing this risk and the need for a solution, our colleagues at Vetter in Zulpich, Germany, developed the Vetter E-Vehicle Isolation System (EIS).

Here’s how it works…

Packing Up the Vehicle

After extinguishing the fire, the electric vehicle is raised with lift pads, supporting materials or a crane, and the EIS is positioned under the vehicle. The electric vehicle is lowered and the lifting straps, which will be required for lifting it later, are fitted.

Various lashing straps are now used to attach the EIS to the vehicle. The straps ensure that the tarpaulin is fitted securely and is adjusted to the contours of the vehicle. This reduces the water consumption to a minimum.

Flooding & Cooling the Battery

The water supply is then connected to the upper hose connection and the water level gauge to the lower connection. Then the EIS is flooded until the vehicle’s battery unit is under water. The water level gauge provides information about the water level in the EIS. After the car has been filled sufficiently, the water supply is turned off.

Transporting & Storing the Vehicle

After reaching the storage site, the electric vehicle, wrapped up in the EIS system, can be stored in the open air or in a hall with an appropriate ventilation system. The EIS filled with water should be stored for at least 72 hours to prevent the lithium-ion batteries from self-igniting. With the help of the intelligent water level gauge, it is possible to check the current water level at any time and top up the water if necessary.

Storing & Reusing the EIS

The EIS can be used multiple times. After it has been checked and cleaned, it can simply be folded up and stowed away in the emergency vehicle. When the fire brigade or towing services are once more called out to a fire, the E-Vehicle Isolation System is ready for use again.

“Pump Report” YouTube Series Entertains While Teaching Core Pumping Concepts

Company News
February 7, 2024

Interested in understanding more about how pumps work? Our IDEX colleague Chad Wunderlich is your guy.

An engineer who manages distributor development at Viking Pump, Chad has been part of teaching in-person “Pump School” sessions and producing educational videos for years from their headquarters in Iowa (USA).

In Viking’s older videos, you’d typically only see Chad’s hands. That changed a couple of years ago, when Digital Media Manager Joe Barloon suggested positioning Chad on camera as a presenter. And so, the “Pump Report” was born on YouTube.

While some inquiries from the videos have led directly to sales, the approach is more about brand building. Chad explains to viewers in simple terms how different kinds of pumps work, including Rotary Lobe, Vane, Circumferential Piston Pump, Internal Gear and External Gear pumps. And he explains concepts, like how to calculate flow rate.

“You never know what’s going to be a hit,” Chad said.

Some of their most popular videos include:

The videos have also helped new employees learn about the company during the application and on-boarding process. Even students will watch and reference their videos when researching science projects, with the Viking Pump videos appearing first in many common pump related video searches.

“People will watch a three-minute video more than they’ll read a three-page script,” Chad said.

With pumps of myriad sizes and specifications central to so many IDEX products, consider learning a little about these concepts, regardless of your role. You can check out the entire playlist of Viking Pump videos on YouTube.

New IDEX Fire & Safety Partnership Sparks Hilariously Creative Marketing Campaign

Company News
February 7, 2024

You might not equate emergency response with comedy. But a series of Instagram and LinkedIn videos featuring IDEX Fire & Safety (F&S) products has tens of thousands of followers busting out laughing.  

F&S recently established a partnership with veteran-owned coffee shop Fire Department Coffee, a longtime champion of first responders, firefighters and veterans.  

The Illinois-based coffee shop showcases IDEX F&S products in fun, comedic skits on their large social media channels. Their videos feature products such as the SAM Smart Nozzle and HURST Jaws of Life Cutters. 

Snapshot of Instagram Post

While Fire Dept. Coffee is committed to first responders; they are also dedicated to creating great tasting coffee. They created Hale and HURST-themed coffee flavors, Midnight Rescue and the SAM BOOST, acknowledging IDEX F&S as essential to communities globally.  

More recently, veterans of the armed forces at IDEX F&S received goodie bags from the shop with ground coffee, swag and a special message for Veterans’ Day. 

IDEX Reports Fourth Quarter and Full Year 2023 Results

News Release
February 6, 2024

Fourth Quarter Highlights
(All comparisons against the fourth quarter of 2022 unless otherwise noted)

  • Sales of $789 million, down 3% overall and 6% organically
  • Reported diluted EPS of $1.43, down 16%; adjusted diluted EPS of $1.83, down 9%
  • Strong operating cash flow of $201 million, up 20%; free cash flow of $179 million, up 22%
  • Completed acquisition of STC Material Solutions on December 14, 2023 for $202 million

Full Year Highlights
(All comparisons against full year 2022 unless otherwise noted)

  • Record reported sales of $3.3 billion, up 3% overall and down 1% organically
  • Record reported diluted EPS of $7.85, up 2%; record adjusted diluted EPS of $8.22, up 1%
  • Record operating cash flow of $717 million, up 29%; record free cash flow of $627 million, up 28%
  • Invested approximately $425 million for acquisitions, capital projects and share repurchases

NORTHBROOK, IL, FEBRUARY 6, 2024 – IDEX Corporation (NYSE: IEX) today announced its
financial results for the quarter and year ended December 31, 2023.

“IDEX businesses weathered an unprecedented year of global recalibration, which played out differently
across our segments. Our team’s agility and core execution capabilities, combined with the quality of our
underlying assets, enabled us to deliver strong results in a challenging environment,” said Eric D.
Ashleman, IDEX Corporation Chief Executive Officer and President.

“Now, the majority of our end markets are stable, supporting the early stages of focused organic growth
to drive our next chapter of outperformance. However, the timing of market recovery within our Life
Sciences and Analytical Instrumentation businesses remains uncertain, moderating our overall full year
growth outlook.”

“We continue to aggressively pursue inorganic opportunities within advantaged, fast-growing markets, as
demonstrated by our purchase of STC Material Solutions in December. Our funnel of potential
acquisitions is strong and our efforts are well supported by ample capacity on our balance sheet.”

2024 Outlook
Full year 2024 organic sales growth is projected to be 0% to 2% over the prior year, with GAAP diluted
EPS of $7.15 to $7.45 (adjusted diluted EPS of $8.15 to $8.45).
First quarter 2024 organic sales are projected to decline 6% to 7% from the prior year period, with GAAP
diluted EPS of $1.45 to $1.50 (adjusted diluted EPS of $1.70 to $1.75).

View the full report: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-fourth-quarter-and-full-year-2023-results

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