IDEX REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS - IDEX Corporation

IDEX REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS

Fourth Quarter Highlights
(All comparisons are against the fourth quarter of 2024 unless otherwise noted)

  • Record sales of $899 million increased 4% on a reported basis and 1% organically
  • Reported diluted EPS of $1.71 increased 6% and adjusted diluted EPS of $2.10 increased 3%
  • Record orders of $979 million increased 20% on a reported basis and 16% organically, driven mostly
    by strength in HST
  • Utilized $73 million for share repurchases

Full Year Highlights
(All comparisons are against full year 2024 unless otherwise noted)

  • Record sales of $3.5 billion increased 6% on a reported basis and 1% organically
  • Reported diluted EPS of $6.41 decreased 3% and adjusted diluted EPS of $7.95 increased 1%
  • Operating cash flow of $680 million increased 2% and was 141% of net income, up from 132%
  • Free cash flow of $617 million increased 2% and yielded conversion of 103%, up from 101%
  • Utilized $248 million for share repurchases

NORTHBROOK, IL, FEBRUARY 4, 2026 – IDEX Corporation (NYSE: IEX) today announced its
financial results for the quarter and year ended December 31, 2025.


“Our teams around the world executed well to close out 2025, and I was encouraged to see our platform growth strategies deliver visible results,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“Order growth in our HST segment built momentum in the fourth quarter from increasing demand for AI-related projects, including data center power solutions and semiconductor applications. Businesses in our FMT and FSDP segments are aggressively managing all the factors in their control in a challenging demand environment.

We remain committed to executing our strategy of building focused growth platforms that leverage
differentiated capabilities to solve our customers’ most complex problems. We focus investment choices and resource allocation across every aspect of our business using an 8020 mindset to drive platform growth and margin expansion.

I am extremely proud of how our teams are executing across our portfolio of market-leading businesses and am confident that we are set up to deliver strong performance across the cycle.”

2026 Outlook

  • Full year organic sales projected to increase 1% to 2% over the prior year
  • Full year adjusted diluted EPS of $8.15 to $8.35
  • First quarter 2026 organic sales projected to increase approximately 1% from the prior year period
  • First quarter 2026 adjusted diluted EPS of $1.73 to $1.78

Read more here: https://investors.idexcorp.com/news/news-details/2026/IDEX-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx

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