23.04.2024 22:40:29 - dpa-AFX: IDEX Corp. Q1 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - IDEX Corp. (IEX) released earnings for first quarter
that decreased from last year but beat the Street estimates.

The company's earnings totaled $121.4 million, or $1.60 per share. This
compares with $139.8 million, or $1.84 per share, in last year's first quarter.

Excluding items, IDEX Corp. reported adjusted earnings of $143.2 million or
$1.88 per share for the period.

Analysts on average had expected the company to earn $1.76 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 5.3% to $800.5 million from $845.4
million last year.

IDEX Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $121.4 Mln. vs. $139.8 Mln. last year.
-EPS (Q1): $1.60 vs. $1.84 last year.
-Revenue (Q1): $800.5 Mln vs. $845.4 Mln last year.

-Guidance:
Next quarter EPS guidance: $2.00 - $2.05
Full year EPS guidance: $8.15 - $8.45


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
IDEX CORP. DL-,01 877444 Frankfurt 196,450 28.05.24 09:20:45 ±0,000 ±0,00% 195,450 196,650 196,450 196,450

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