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 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

IDEX Fire & Safety Introduces SAM™ at FDIC

News Release
April 16, 2019

OCALA, Fla.–(BUSINESS WIRE)–IDEX Fire & Safety introduced the SAM Control System, at the FDIC International conference and exhibition April 11-13 in Indianapolis.

The innovative SAM system makes complex pump operations simple by managing the water flow so the operator can focus on the fireground and the safety of their crew, not the side of the truck. SAM is an integrated total water flow control system that manages the truck’s pump, tank, intakes and discharges.

With SAM, pump operators can use saved presets to set discharge pressures with just one swipe on a 10-inch display. Even before charging lines, the system automatically opens the tank-to-pump valve, so water is in the pump and ready to go.

SAM was invented by Jason Cerrano, a firefighter with 19 years of experience and is now a member of the IDEX Fire & Safety team. Jason saw a real need for SAM. “I designed SAM to help the pump operator spend less time staring at the pump panel, so they can focus on the fireground.”

There were four locations at FDIC where attendees could see SAM and try it out.

Inside, visitors interacted with the SAM system touch screen displays mounted on a pump panel and experienced real water flow from a handline nozzle and portable monitor in real time. Flowing water in the exhibit was a first for the show.

In the outdoor exhibit area, IDEX Fire & Safety provided a demo truck to highlight SAM and the simplified pump panel. The new demo truck will go on tour this year across North America, making stops at major fire show events and departments along the way.

One of the trucks demonstrating SAM is the Lewiston No. 1 Fire Department truck, destined for Lewiston, New York. Fire Chief, Les Myers, admitted he was a little skeptical about SAM until he saw a live demonstration. He immediately realized that with SAM, his 12 pump operators “would not be stuck to the pump panel and would have the freedom to attend to other critical duties.”

The Lewiston truck was built by KME.

Another place to see SAM was on the New Melle Fire Protection District truck. The stations in New Melle cover 121 square miles, meaning trucks are generally 10-15 minutes away from most calls. “The time it takes us to get to calls, combined with limited manpower, is why we need this truck to do a lot more for us,” Chief Rick Massey said. “Any help the truck can give us is what we are looking for in a truck; we need the truck to help our firefighters do their jobs.”

The New Melle truck was produced by Rosenbauer and upfitted at Sentinel Emergency Solutions.

In the Water Flow Zone, attendees could try out SAM on an apparatus destined for the Pattonville Fire Protection District in Bridgeton, Missouri. The district operates from their headquarters/training facility and three engine houses. They cover 30 square miles including a heavy concentration of commercial structures and the most highway miles in the state.

“Safety is the number one priority for us. We need our engineers to be able to operate in a safe location while keeping an eye on the crew,” said Battalion Chief Steve Rogger. “The SAM system simplifies pump operations, so we worry less about managing manual valves. Now the operator can provide another set of hands on scene. Using the wireless tablet controller, we also gain some additional work space freedom around the perimeter of the truck.”

The Pattonville truck was produced by Sutphen.

SAM helps with common fireground challenges:

  • Interrupted water flow from operator error
  • Pressure spikes on handlines
  • Water pressure problems due to loss of hydrant pressure or cavitation
  • Miscommunication or excessive radio traffic issues
  • Not enough crew to respond to calls
  • Rotating pump operators, not as familiar with truck

For more information about SAM: samflows.com

About IDEX Fire & Safety: IDEX Fire & Safety represents a collaboration of global brands that deliver trusted solutions to help emergency responders save lives. For centuries, customers have relied on the brands of IDEX Fire & Safety to provide quality equipment and service. Our brands include Akron Brass, AWG, Class 1, Dinglee, Hale, Hurst Jaws of Life®, Godiva, Lukas, Vetter and Weldon. The IDEX Fire & Safety brands represent business units of IDEX Corporation [NYSE: IEX], an applied solutions company specializing in fluid and metering technologies, health and science technologies and fire, safety and other diversified products. For more information on IDEX Fire & Safety, visit idexfiresafety.com.

HURST Jaws of Life® Introduces Industry’s First Watertight Battery-Powered Extrication Tool

Company News
April 11, 2019

Continuing in its tradition of firsts, HURST Jaws of Life® has launched the industry’s first watertight battery-powered extrication tool line, the HURST Jaws of Life eDRAULIC® EWXT.

The company’s EWXT water-resistant casing debuts in three tools, which also feature a new brushless motor for greater efficiency and longer run time.

“The launch of the HURST Jaws of Life eDRAULIC EWXT battery-powered, watertight tool line provides the industry with another first from HURST, as we continue to bring first responders rescue tools that make what was once seemingly impossible now possible,” said Ellie Mulcahy, general manager of HURST Jaws of Life, part of the IDEX Fire & Safety group.

“This innovative underwater rescue tool solution aligns with the IDEX Fire & Safety platform to accelerate our position as the global market leader for electro hydraulic rescue tools,” Mulcahy said

The debut of EWXT technology comes in three tools: S 788EWXT Cutter, SP 555EWXT Spreader and R 521EWXT Ram.

Additionally, HURST Jaws of Life® expanded its battery-powered eDRAULIC® rescue tool line with the    R 422E2 Ram, whose 59.1-inch extended length gives first responders the longest extension in the industry.

“The R 422E2’s telescopic, 59.1-inch reach and eDRAULIC power bring portability and performance to first responders on the scene,” said Bruce Johnston, director of marketing and product management for HURST Jaws of Life. “We continually look for solutions that will help first responders get to the patient quickly in every situation. Our Voice of Customer research showed us that end users sometimes require further reach in a Ram, and the R 422E2 delivers combined reach and power like no other tool on the market.”

HURST will debut the products at FDIC international this week, the world’s largest firefighter training and expo. Held in Indianapolis, FDIC is attended by more than 34,000 fire and rescue professionals from more than 65 countries around the world.

 

Black Enterprise Magazine Selects Denise Cade to 2019 Most Powerful Women in Business List

Company News
February 27, 2019

Lake Forest, IL, (February 27, 2019) – Black Enterprise magazine announced that it has selected Denise Cade, senior vice president, general counsel and corporate secretary of IDEX Corporation (NYSE:IEX), to the publication’s 2019 Most Powerful Women in Business list.

The magazine’s exclusive listing of the highest-ranking and most influential African American female executives appears in the first quarter 2019 edition and online. Black Enterprise will formally honor Cade during its Women of Power Summit, March 2 at The Mirage in Las Vegas.

“The legal expertise and leadership Denise contributes to our organization is a tremendous asset to IDEX, something Black Enterprise clearly recognizes in her as well,” Chairman and CEO Andrew Silvernail said. “We are fortunate to have her as part of our senior leadership team and are thrilled for her to receive this honor.”

Last year, Savoy magazine named Cade to its 2018 Most Influential Black Lawyers in recognition of her distinguished legal career and outstanding commitment to the community.

Cade has a long and esteemed legal career. She joined IDEX in 2015 from SunCoke Energy, where she held the role of senior vice president, general counsel, corporate secretary and chief compliance officer. Prior to SunCoke, she worked for PPG Industries, Inc. based in Pittsburgh in several different roles, including general counsel of the Glass and Fiber Glass Division, chief M&A counsel, chief securities & finance counsel, and assistant general counsel & corporate secretary. She started her career in private practice in Washington, D.C.

Cade holds a bachelor’s degree in journalism from Marquette University and a juris doctorate from Georgetown University Law Center. She devotes time to organizations that prioritize the professional development and advancement of women and people of color, including The Chicago Network, where she serves on the Board of Directors, The Executive Leadership Council, The Executives’ Club of Chicago, and the Georgetown Law Alumni Board.

IDEX Reports Record Fourth Quarter and Full Year 2018 Results

News Release
January 29, 2019

LAKE FOREST, Ill.–(BUSINESS WIRE)–Jan. 29, 2019– IDEX Corporation (NYSE: IEX) today announced its financial results for the three- and twelve- month periods ended December 31, 2018.

Full Year 2018 Highlights

  • Orders were up 7 percent overall and 6 percent organically
  • Sales were up 9 percent overall and 8 percent organically
  • Reported operating margin was 22.9 percent with adjusted operating margin of 23.4 percent, up 150 bps
  • Reported EPS was $5.29 with adjusted EPS of $5.41, up 26 percent
  • Repurchased 1.3 million shares of common stock for $174 million
  • Acquired Finger Lakes Instrumentation and the intellectual property assets of Phantom Controls

View Full Report at IDEXCorp.com: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-record-fourth-quarter-and-full-year-2018-results-q4

IDEX Corporation to Webcast Fourth Quarter 2018 Earnings Call

News Release
January 2, 2019

LAKE FOREST, Ill.–(BUSINESS WIRE)–Jan. 2, 2019– IDEX CORPORATION (NYSE:IEX) announced today that it has scheduled the broadcast of the company’s fourth quarter earnings conference call over the Internet on Wednesday, January 30, 2019 at 9:30 a.m. CT. Chairman and Chief Executive Officer Andrew Silvernail and Senior Vice President and Chief Financial Officer, William Grogan will discuss the company’s fourth quarter 2018 financial performance and respond to questions from the financial community.

IDEX invites interested investors to listen to the call and view the presentation slides, which will be available on its website: www.idexcorp.com. To hear the live call, log on to the site several minutes before the discussion begins. After clicking on the presentation icon, follow the instructions to ensure your system is set up for the event, or download the correct applications at no charge. An archive of the webcast will be available through the IDEX website after the call. An audio replay of the call is also available through midnight, February 28, 2019 by dialing 877.660.6853 or (201.612.7415) for international participants using conference code # 13675421.

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”.

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

Source: IDEX Corporation

IDEX Corporation
William K. Grogan
Senior Vice President and Chief Financial Officer
847.498.7070

IDEX Corporation Declares Regular Quarterly Cash Dividend

News Release
December 7, 2018

LAKE FOREST, Ill.–(BUSINESS WIRE)–Dec. 6, 2018– IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.43 per common share. The next dividend will be paid January 30, 2019 to shareholders of record as of January 15, 2019. This dividend represents the company’s 97th consecutive regular quarterly cash dividend payment.

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”.

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

IDEX Reports Record Third Quarter Results; Q3 Sales up 8 Percent Overall and 9 Percent Organically

News Release
October 23, 2018

LAKE FOREST, Ill.–(BUSINESS WIRE)–Oct. 23, 2018– IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended September 30, 2018.

Third Quarter 2018 Highlights

  • Orders were up 7 percent overall and 8 percent organically
  • Sales were up 8 percent overall and 9 percent organically
  • Reported operating margin was 23.3 percent with adjusted operating margin of 24.0 percent, up 200 bps
  • Reported EPS was $1.37 with adjusted EPS of $1.41, up 31 percent

 

View Full Report at IDEXCorp.com: https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-record-third-quarter-results-q3-sales-8-percent

IDEX Corporation to Webcast Third Quarter 2018 Earnings Call

News Release
September 28, 2018

LAKE FOREST, Ill.–(BUSINESS WIRE)–Sep. 27, 2018– IDEX CORPORATION (NYSE:IEX) announced today that it has scheduled the broadcast of the company’s third quarter earnings conference call over the Internet on Wednesday, October 24, 2018 at 9:30 a.m. CT. Chairman and Chief Executive Officer Andrew Silvernail and Senior Vice President and Chief Financial Officer, William Grogan will discuss the company’s third quarter 2018 financial performance and respond to questions from the financial community.

IDEX invites interested investors to listen to the call and view the presentation slides, which will be available on its website: www.idexcorp.com. To hear the live call, log on to the site several minutes before the discussion begins. After clicking on the presentation icon, follow the instructions to ensure your system is set up for the event, or download the correct applications at no charge. An archive of the webcast will be available through the IDEX website after the call. An audio replay of the call is also available through midnight, November 24, 2018 by dialing 877.660.6853 or (201.612.7415) for international participants using conference code # 13675421.

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”.

 

IDEX Corporation
William K. Grogan
Senior Vice President
Chief Financial Officer
847.498.7070

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