IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended September 30, 2022.
Third Quarter 2022 Highlights
- Record reported EPS of $2.36, up 56% and record adjusted EPS of $2.14, up 20% vs. Q3 2021
- Record sales of $824 million, up 16% overall and 15% organically vs. Q3 2021
- Reported and adjusted operating margin of 24.5% and 24.9% were up 190 and 60 basis points, respectively, vs. Q3 2021
- Record cash from operations of $198 million was 111% of net income; record free cash flow of $182 million was 112% of adjusted net income
- Full year GAAP EPS and adjusted EPS raised to $7.75 to $7.80 and $8.04 to $8.09, respectively
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