IDEX Reports Second Quarter Results; Raises Full Year Guidance

IDEX Corporation (NYSE: IEX) today announced its financial results for the three month period ended June 30, 2021.

Second Quarter 2021 Highlights

Record orders of $751.0 million up 44 percent overall and 39 percent organically compared to Q2 2020
Record sales of $685.9 million up 22 percent overall and 17 percent organically compared to Q2 2020
Reported operating margin was 23.1 percent with adjusted operating margin of 24.4 percent
Reported EPS was $1.34 with adjusted EPS of $1.61
Full year adjusted EPS guidance raised to $6.26 to $6.36 compared to prior guidance of $6.05 to $6.20
Finalized the termination of the U.S. pension plan and refinanced the 4.2% Senior Notes to 2.625%
Completed the acquisition of Airtech Group, Inc., US Valve Corporation and related entities (Airtech)