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Stock impact report

Edited Transcript of IEX earnings conference call or presentation 30-Oct-19 2:30pm GMT [Yahoo! Finance News]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Edited Transcript of IEX earnings conference call or presentation 30-Oct-19 2:30pm GMT In the quarter, team delivered outstanding margin expansion, hitting all-time highs for gross margin and operating margin. The healthy margin expansion helped us deliver another record quarter of adjusted EPS, and we reduced working capital to drive another record quarter of free cash flow. The results were achieved in a decelerating commercial environment. Organic sales were flat in the quarter. The global demand for industrial products definitely weakened in the third quarter with manufacturing activity contracting for the first time since 2016, and we're certainly feeling it. Lingering trade tensions and uncertain trade policy have weighed on global growth with customers and business leaders hesitant to spend. This has led to a slowdown in most geographies. With that said, we remain confident in our ability to thrive in this environment. We're executing the playbook we've spoken about to you all Show less Read more
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