Category: Company News

NORTHBROOK, IL, [March 10], 2025 – IDEX Corporation (NYSE: IEX) today announced that Jim Giannakouros will join the Company as Vice President of Investor Relations, effective March 10. In this role, he will provide strategic leadership to the Executive Leadership Team, strengthen relationships within the investment community, and enhance the company’s investor relations function. Mr. Giannakouros will report to Abhi Khandelwal, Senior Vice President and Chief Financial Officer.

Mr. Giannakouros brings more than 25 years of financial and industry experience through various buy side, sell side, and investor relations roles, including at Osprey Partners Investment Management as a Generalist and member of the Large-cap Value Equity team, a sell side equity research associate at Bear, Stearns & Co., CIBC World Markets, and Susquehanna International Group, and more recently as Managing Director and Senior Analyst at Oppenheimer & Co. During his tenure, Mr. Giannakouros’ coverage universe centered on the Industrials sector, and notably included IDEX. Over the last six years, his corporate roles have included Vice President of Investor Relations and FP&A at Carlisle Companies Inc. (NYSE: CSL), a large-cap industrial and leading supplier of innovative, energy-efficient building products and solutions, where he developed an award-winning IR function, and Senior Director of Investor Relations at Kenvue Inc. (NYSE: KVUE), the largest pure-play consumer health company globally.

“We are thrilled to have Jim join the IDEX team,” Mr. Khandelwal said. “His years of experience spanning multiple sectors, including industrials, and record of leveraging his extensive financial and capital markets experience will help us effectively communicate and develop relationships with new and existing investors. We are fortunate to have a professional of Jim’s caliber leading our investor relations efforts and look forward to the meaningful impact he will have.”

Mr. Giannakouros holds a BA degree in Statistics/Mathematics from Rutgers University and an MBA in Finance from the Stern School of Business at New York University. He is also a CFA® charterholder.

Forward-Looking Statements

This news release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other things, the Company’s first quarter 2025 and full year 2025 outlook including expected organic sales, expected earnings per share, and expected adjusted earnings per share and the assumptions underlying these expectations, anticipated future acquisition behavior, resource deployment and focus and organic and inorganic growth, returns on invested capital, anticipated trends in end markets, anticipated growth initiatives and the anticipated benefits of the Company’s recent or future acquisitions and are indicated by words or phrases such as “anticipates,” “estimates,” “plans,” “guidance,” “expects,” “projects,” “forecasts,” “should,” “could,” “will,” “management believes,” “the Company believes,” “the Company intends” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this news release. The risks and uncertainties include, but are not limited to, the following: levels of industrial activity and economic conditions in the U.S. and other countries around the world, including uncertainties in the financial markets; pricing pressures, including inflation and rising interest rates, and other competitive factors and levels of capital spending in certain industries; the impact of severe weather events, natural disasters and public health threats; economic and political consequences resulting from terrorist attacks and wars; the Company’s ability to make acquisitions and to integrate and operate acquired businesses on a profitable basis; cybersecurity incidents; the relationship of the U.S. dollar to other currencies and its impact on pricing and cost competitiveness; political and economic conditions in countries in which the Company operates; developments with respect to trade policy and existing, new or increased tariffs or other similar measures; interest rates; capacity utilization and the effect this has on costs; labor markets; supply chain conditions; market conditions and material costs; risks related to environmental, social and corporate governance issues, including those related to climate change and sustainability; and developments with respect to contingencies, such as litigation and environmental matters. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included in the Company’s most recent annual report on Form 10-K and the Company’s subsequent quarterly reports filed with the Securities and Exchange Commission (“SEC”) and the other risks discussed in the Company’s filings with the SEC. The forward-looking statements included here are only made as of the date of this news release, and management undertakes no obligation to publicly update them to reflect subsequent events or circumstances, except as may be required by law. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented here.

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 www.idexcorp.com.

Investor Contact: jgiannakouros@idexcorp.com

Media Contact: mdspencer@idexcorp.com

IDEX Fire & Safety EU this week introduced a new animated feature, highlighting how the automated SAMFlows integrated total waterflow control system is revolutionizing the speed of fire engine pump operations during the critical first few minutes on scene. 

While many in the fire services still control flow with complicated manual control panels on the side of trucks, SAMFlows automates the moving water from the water source to the fire. SAMFlows controls the intake, discharge, and tank valves, engine speed, primer operation, bleed valves, and tank recirculation to automate the entire pumping process for the operator.

During the critical first five minutes, the pump operator typically has thirteen tasks to complete to supply initial attack crews and establish a water source. With SAMFlows, the operator only has to do three of these tasks, and SAMFlows takes care of the rest. SAMFlows frees the operator to focus on the crew and fireground conditions.

See it yourself by starting the SAMFLOWS Experience here.

Technological changes in proton exchange membrane (PEM) electrolyzes are changing the value proposition for green hydrogen, opening new long-term viability opportunities for manufacturers.

In a recent POWER magazine article, Matt Behrns and Alex Papandrew of Mott Corporation explore three key trends shaping the future:

• Reduced precious metal coatings to cut costs;
• Thinner membranes for improved efficiency, and;
• Optimized cell designs for enhanced durability. 

“Experts have long deemed electrolyzers as a central technology for meeting our “carbon peak and neutrality” goals, but substantive investments have lagged due to high manufacturing costs. What these recent advancements demonstrate, however, is that the long-term viability of electrolyzers is closer than many realize,” they write.

Read “Advancements in Electrolyzer Technology Could Make Green Hydrogen Viable Sooner Than You Think” at POWER online. POWER provides “in-depth news and insight on the end-to-end electricity system and the ongoing energy transition.”

Alex is Senior Program Manager for Clean Energy at Mott, and earned a Ph.D., in Materials Science from Caltech. Matt is VP and General Manager of Clean Energy and Marketing for Mott.

IDEX Teams showed tremendous generosity in their local communities again this year, giving to charities that support children and families in need during the winter holidays. What a wonderful embodiment of the holiday spirit, and the commitment IDEX teams have to brightening others’ lives.

GAST Employees Hosts a Food Drive Ahead of the Holidays

Located in Redditch, U.K., a dedicated group at GAST organized a food drive to support local families in need during the holiday season.

They partnered with the Friends of Isaac Food Bank, inspired by ten-year-old Isaac, who started the food bank in his parents’ driveway in 2020. Since then, Isaac has expanded his offerings from three food sheds to five!

The team rallied their local networks and filled their donation bins with non-perishable food items. Recognizing the high number of people in need, GAST plans to partner with the IDEX Foundation to help sustain this partnership.

Thanksgiving Baskets & Toy Drives

Our U.S. based SFC Koenig colleagues brought in the winter holidays by assembling Thanksgiving baskets for their community in North Haven, Connecticut. They followed that with a Toy drive during their local team Town Hall. 

Dinner is Served by Microfluidics

In the spirit of gratitude, Microfluidics served dinner to nearly 200 men at the Pine Street Inn located in the South End of Boston. They also celebrated the amazing work the shelter does around homelessness and hunger in the Greater Boston area.

Mott’s Growing Giving Tree

Annually, Mott employees support their community partner, Wheeler Clinic, by fulfilling gift requests for the foster care program. This year, they provided over 200 gifts, helping to make the holidays a little brighter for so many!

IDEX Corporation Supports Kids Above All

IDEX corporate employees from the Northbrook and downtown Chicago offices, competed against each other this month to purchase holiday gifts online for local children at Kids Above All who have experienced trauma. In just a few short weeks, corporate team members and their family members donated nearly 900 gifts, topping the 750 donated last year. Additionally, the global Talent Team volunteered their time, wrapping gifts for the children.

Godiva Brings Comfort to Hospice Patients

Our Godiva colleagues in Warwickshire, England have generously purchased and donated a wonderful array of children’s toys to Myton Hospice, providing comfort over the festive period. Talented and dedicated employees hand-made some of the gifts, adding a personal and heartfelt touch to our donations.

Fluid Management Brings Holiday Cheer to Local Schools

Fluid Management in Wheeling, Illinois (USA), donated 40 turkeys to a local elementary school and partnered with them for a holiday program that consisted of sponsoring 10 children and a toy drive for Jane Addams Elementary school in nearby Palatine, Illinois.  

Engagement Committee Members Host a Toy Drive

Akron Brass’s Employee Engagement Committee put together a toy drive for local non-profit ministry “People to People”. The team in Wooster, Ohio (USA) received $270 USD in cash donations and had several employees donate toys!

Hale Brings Cheer to Local Burn Victims

Hale team members donated over 40 Christmas gifts to children in Central Florida who have been affected by burns. Hale partnered with the Marion County Benevolence Fund and Embers of Hope to spread Holiday cheer.

Holiday Greetings from AFS

Hear everyone’s holiday traditions, favorite Christmas songs and foods in this wholesome employee filmed Holiday video from the team at Advanced Flow Solutions (AFS) in Oklahoma City, Oklahoma! https://youtu.be/njYHFoMFluw?si=3eKlPyCsO5cLKa1x

Pulsafeeder Teams in Rochester, New York Volunteer at Local Food Bank Foodlink and Toys for Tots

KZ Valve Grows Their Impact in 2024

Earlier this month, KZValve teamed up with Heartland Hope Mission to support their annual Hope Filled Christmas event, which provides toys to children in the Omaha, Nebraska (USA) area. Last year, they helped over 5,000 kids; this year, that number has grown to over 7,400. KZValve volunteers sorted toys and organized clothes for the newly opened Toy Distribution Center.

Banjo’s Annual Toy Drive

Based in Crawfordsville, Indiana, REINdear (Reaching Everyone In Need), organizes an annual toy drive. Banjo employees consistently sign up by the dozens to and purchase gifts for approximately 1,200 children in Montgomery County area during the holiday season.

The IDEX Foundation Sponsors IH&S This Season

Teams at IDEX Health & Science in Rohnert Park, California have sponsored a local Secret Santa program for several years. Secret Santa is a nonprofit gift-giving program, providing gifts and holiday cheer to those less fortunate in our community. Secret Santa has been bringing joy to people throughout Sonoma County for over 36 years, ensuring that children, teens, adults, and seniors who would not otherwise receive a holiday gift have reason to celebrate and experience the compassion and generosity of their community. This year in addition to our generous employee donations, the IDEX Foundation approved a grant for $5,000 USD!

ADS Joins the Huntsville Christmas Parade

For “Giving Tuesday” a group of ADS team members in Huntsville, Alabama based (USA) supported Next Step Farms (alongside students and staff), by purchasing and helping to distribute candy and toys at the 2024 Huntsville Christmas parade. They also took the chance to formally present them with the generous IDEX Foundation donation from earlier this year. The IDEX funds will be spent on technology needs such as tablets, new computers, and specialized software to help the students utilize the latest technology and improve communication, commerce, basic online research, and simple inventory tracking.

IDEX Foundation Empowers SFC KOENIG

With the support of the IDEX Foundation, our colleagues at SFC KOENIG gathered 180 kg of no-perishable food and hygiene products that were donated to the Stiftung Schweizer Tafel. The Switzerland based team is proud to support an organization that is dedicated to serving the homeless.

Envirosight Packs Nearly 200 Meals in NJ

Located in Randolph, New Jersey (USA), employees at Envirosight volunteered at the Community Foodbank of New Jersey. They sorted donations into 197 boxes to support the organizations anti-hunger mission.

Teams from IDEX Pump Technologies (IPTI) in Shannon, Ireland, recently visited the Dóchas Café, which is operated by autistic young adults aiming to acquire transferable skills for future job opportunities, to enjoy a delightful team breakfast celebrating the team’s support of the organization.

Over the past 18 months, IPTI has donated $100,000 USD and contributed 200 hours of volunteer work to six charities including Dóchas , a charity dedicated to equipping autistic young adults with essential skills and knowledge for securing employment in their communities.

Last year, IPTI set out to establish training and development opportunities for the young adults at Dóchas that could eventually land them a job. Trainings included cooking lessons, art classes, and resume writing tips in partnership with local businesses. By learning within a supportive environment, these young adults can one day safely transition into their own daily work routine.

With support from a grant from the IDEX Foundation and IPTI employees who volunteered a collective 120 hours over 18 months, they were able to complete the new Life Skills Room!

In an industry where conformity often prevails, IDEX’s Gast Manufacturing is boldly stepping forward to challenge the status quo. After a century of innovation, this pneumatics leader embraces transformation while honoring its rich heritage and history.

Breaking Free from Convention

The familiar uppercase block letters that once defined Gast are giving way to something modern and refreshing. The new identity features sleek, lowercase letters wrapped in vibrant green. This visual statement captures the company’s forward-thinking spirit while respecting its foundation and underlining its commitment to sustainability.

More Than Meets the Eye
Senior Marketing Manager Jill Gorzynski explains, “Our brand identity is not only visually engaging; it’s straightforward, unified, and bold. It brings a fresh, recognizable face to Gast that transcends marketing alone. It redefines our brand positioning, surpassing colors and logos to embody our quality standards and sustainable efforts. It reflects our strategic direction and ambition to lead without contest.”

Moving with Purpose

At the heart of this transformation lies a powerful new tagline: “Move with Purpose.” These three words encapsulate everything Gast stands for—deliberate action, strategic vision, and unwavering dedication to excellence. It’s a philosophy that guides every aspect of their operation and echoes their mission: “To provide the highest quality air-moving products and solutions, backed by exceptional customer support and service.”

Innovation that Improves Lives

In collaboration with Airtech on the Performance Pneumatics platform, Gast transforms essential industries through advanced pneumatic solutions. Their innovations impact countless lives daily, from powering vital medical ventilators and oxygen concentrators to enhancing dental care and improving food service operations. This aligns seamlessly with IDEX’s mission of creating “Trusted Solutions, Improving Lives™.”

This rebrand isn’t just about a new look—it’s a commitment to a future where purpose-driven innovation leads the way, and every solution is crafted with intention.

The Bigger Picture

Gast’s team activates its brand identity daily, making it a living and breathing part of everything they do. This empowers them to leave a significant mark across continents and sectors, truly defining Gast’s essence. They remain resolute in sustaining the highest quality standards and pursuing initiatives supporting a sustainable future.

AWG Fittings reimagined the most successful nozzle sold in their home country of Germany and are now seeing strong order growth from customers across Europe.

AWG’s Turbo Spritze has been a dominant firefighter nozzle for German fire departments for more than 20 years. With adjustments to flow rates, the addition of available couplings used in other markets, and a rebranding as TurboStrike, the team is experiencing success pursuing new global market opportunities, beginning primarily in Europe.

“We only launched a few months ago and we have exceeded our AOP (annual

 operating plan) in each month since the launch,” AWG Senior Product Manager Marvin Willrich said.

TurboStrike’s unique design, featuring spinning teeth and a fixed sprocket, creates a filled hollow jet that optimizes extinguishing effects, especially at wide angles. This hollow jet generates overpressure at the center of the spray cone, pushing flames away from the operator rather than drawing them in, enhancing firefighting efficiency and significantly boosting operator safety.

Designed to deliver high quality and affordability, TurboStrike features versatility and superior performance at an exceptional value. Constructed from durable anodized aluminum, the nozzle is designed to be corrosion-resistant and reliable over time, even when exposed to firefighting suppression foams or extreme temperatures. It is also lightweight, minimizing firefighter discomfort.

AWG manufactures all its products at its facility in Ballendorf, Germany.

One of the more unusual trophies you will ever see – a brain with knowledge arrows pointing outward – is now on display at Millux, a unit of IDEX in Wijchen, Netherlands.

A team from Millux – a leader in micro-precision laser processing – earned the recognition for their “Laser Ablation and Drilling” presentation at the Manufacturing Knowledge Centre’s Manufacturing Technology Conference in the Netherlands earlier this year.

The conference brings together inventors and manufacturing experts to share ideas about manufacturing techniques.

The team presented about how using metal ablation and

 drilling with ultra short pulse lasers avoids microcracks developing in the material, and no melt pool is formed that could 

lead to different material properties on the surface.

Millux R&D Engineers Raph Pieters and Jochem Peeters presented the pros and cons of laser ablation from the conference stage. Colleagues Walther Goethals, John Lubbers and Martijn Scholten presented a poster to conference attendees on the show floor.

A ten-member jury, consisting of professionals from Thermo Fisher Scientific, ASML, Bosch Transmission Technology B.V. and Wilting (last year’s winner), were unanimous in their opinion that Millux deserved the award.

The latest cohort of rising IDEX leaders completed the Business Leader Excellence (BLE) program this month, learning to navigate the complexities of the General Manager (GM) role and how to effectively lead IDEX’s three imperatives – growth, execution and premier culture.

The participants selected for the six-month program engaged in a variety of experiences, both at the IDEX Corporate Headquarters and two IDEX manufacturing facilities. Internal IDEX Leaders, including IDEX CEO & President Eric Ashleman, led sessions throughout the program. In the first week, key sessions included growing talent and teams, GROW Coaching and panel discussions.

“We aim to help leaders form a clearer perspective about who they are as a leader, while developing skills that will allow them to advance further in their IDEX careers,” said Shauna Schoeder, Vice President of Global Talent. “Successful graduates of BLE are better equipped to accelerate team performance and grow organizational talent.”

In the second week together, the cohort gathered at Warren Rupp in Mansfield, Ohio (USA), to focus on the IDEX Operating Model in action, based in part on the business unit’s IDEX Award for Disciplined Execution this year. Warren Rupp GM David Llewellyn and Viking Pump President Ben Green shared insights on effectively leading through the IDEX Operating Model and

 empowering their teams to utilize it optimally. While in Mansfield, the cohort was able to volunteer with the YMCA of North Central Ohio through building mini golf courses to support youth of the local community.

In the final week, the Water Platform team hosted a discussion about Customer Obsession, and Fluid Management graciously hosted the cohort during the session, Leading with a Growth Mindset led by Krishna Ranganathan President of the Performance Pneumatics Technologies platform and IDEX Foundation.

“My time in the BLE program was an incredibly enriching experience both professionally and personally. The content and the experiences that senior leaders and the talent team shared with our cohort was invaluable and will be helpful for applying what we have learned now and in the future,” Fluid Management General Manager Lisa Matsen said.  “Overall, it was a great experience and one that I will look back on with gratitude and pleasure.”

“I plan to incorporate more of GROW coaching tool into my leadership approach and focus on team and talent development,” said Stuart Li, General Manager, Richter East Asia. “One area where I identified to improve is the delegation and coaching skill. I already started to practice in daily work to convert from an effective leader leading to deliver result to a servant leader supporting to grow.”

BLE is part of the IDEX Academy programs led by IDEX Corporate Human Resources’ Global Talent Development Team.