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0.000709471443774373 0.000709471443774373 0.00110854913089748 0.00305959560127704 0.0073164242639234 0.00110854913089748 -0.00624778290173817 -0.0166725789286982
Stock impact report

IDEX (IEX) Q4 Earnings Surpass Estimates, Revenues Down Y/Y [Yahoo! Finance]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On a year-over-year basis, the bottom line decreased approximately 9% from the year-ago quarter's figure of earnings of $2.01 per share due to the higher effective tax rate. It also exceeded management's projection of $1.74-$1.79 per share. Revenue Details In the quarter under review, IDEX's net sales of $788.9 million outperformed the Zacks Consensus Estimate of $769 million. However, the top line decreased 3% year over year. Organic sales in the quarter decreased 6% year over year, lower than the 8-9% decline expected by the company. Acquisitions/divestitures boosted sales by 3%. IEX reports net sales under three business segments, the results of which are discussed below: Revenues from the Fluid & Metering Technologies segment totaled $299.1 million, increasing 3.9% year over year. Our estimate for segmental revenues was $282.2 million. Organic sales were up 3%. Foreign currency translation left a positive impact of 1%. Revenues from the Health & Science Technologies segm Show less Read more
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