Form 8-K

8-K — IDEX CORP /DE/

Accession: 0000832101-26-000007

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0000832101

SIC: 3561 (PUMPS & PUMPING EQUIPMENT)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — iex-20260429.htm (Primary)

EX-99.1 (iex-20260331xex991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

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iex-20260429

0000832101false00008321012026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report: April 29, 2026

(Date of earliest event reported)

IDEX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 1-10235 36-3555336

(State or other jurisdiction (Commission File Number) (IRS Employer

of incorporation) Identification No.)

3100 Sanders Road, Suite 301

Northbrook, Illinois 60062

(Address of principal executive offices, including zip code)

(847) 498-7070

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $.01 per share IEX New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 – Results of Operations and Financial Condition.

On April 29, 2026, IDEX Corporation (the “Company”) issued a press release announcing financial results for the period ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

The information contained in this Item 2.02 (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 – Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release dated April 29, 2026 announcing IDEX Corporation’s quarterly operating results for the period ended March 31, 2026.

104.0 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

IDEX CORPORATION

By: /s/ SEAN M. GILLEN

Sean M. Gillen

Senior Vice President and Chief Financial Officer

April 29, 2026

EX-99.1

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Document

For further information: TRADED: NYSE (IEX) EX-99.1

Investor Contact:

Jim Giannakouros, CFA

Vice President, Investor Relations

(847) 313-9506

IDEX REPORTS FIRST QUARTER RESULTS

Highlights

(All comparisons are against the prior year period unless otherwise noted)

•Sales of $887 million increased 9% on a reported basis and 5% organically

•Reported diluted EPS of $1.61 increased 28% and adjusted diluted EPS of $2.00 increased 14%

•Record orders of $988 million increased 13% on a reported basis and increased 10% organically

•Returned capital to shareholders via $76 million of share repurchases and $53 million of dividends

•Raising full year 2026 organic growth and adjusted EPS guidance ranges

NORTHBROOK, IL, April 29, 2026 - IDEX Corporation (NYSE: IEX) today announced its financial results for the three-month period ended March 31, 2026.

“We delivered a strong first quarter, with results ahead of our expectations led by continued momentum in our growth platforms within our Health & Science Technologies segment,” said Eric D. Ashleman, IDEX Corporation Chief Executive Officer and President.

“Our first quarter results demonstrate that our strategy is working, with strong execution across the portfolio and increasing traction in the markets where we are choosing to compete. The application of 8020 continues to sharpen our priorities and reallocate resources toward opportunities with stronger growth and margin profiles.”

“Based on this momentum, we are raising our full-year guidance and are encouraged by how our strategies are translating into higher-quality growth. We remain focused on disciplined execution as we continue to build long-term value at IDEX.”

Outlook(1)

•Full year organic sales projected to increase 3% to 4% over the prior year, up from previous guidance of 1% to 2%

•Full year adjusted diluted EPS of $8.35 to $8.55, up from previous guidance of $8.15 to $8.35

•Second quarter 2026 organic sales projected to increase 3% to 4% from the prior year period

•Second quarter 2026 adjusted diluted EPS of $2.07 to $2.12

(1) The Company does not reconcile its forward-looking non-GAAP measures to the most directly comparable U.S. GAAP financial measure because the timing and magnitude of certain items, including future foreign exchange impacts, acquisitions, divestitures, restructuring costs, impairments, tax impacts, and other special items, cannot be reasonably estimated at this time without unreasonable effort. The unavailable information could have a significant impact on GAAP results.

Consolidated Financial Results

Three Months Ended March 31,

(Dollars in millions, except per share amounts) 2026 2025 Increase (Decrease)

U.S. GAAP Results

Orders $ 988.3 $ 871.9 $ 116.4

Change in reported orders

13 %

Net sales 886.9 814.3 72.6

Change in reported net sales

9 %

Gross profit 398.1 368.9 29.2

Gross margin 44.9 % 45.3 % (40) bps

Net income attributable to IDEX 120.0 95.5 24.5

Net income margin 13.5 % 11.7 % 180 bps

Diluted EPS attributable to IDEX 1.61 1.26 0.35

Cash flows from operating activities 103.7 105.7 (2.0)

Operating cash flow as a percent of net income 86% 111%

Non-GAAP Results*

Change in organic orders

10 %

Change in organic sales

5 %

Adjusted gross profit(1)

398.1 368.9 29.2

Adjusted gross margin(1)

44.9 % 45.3 % (40) bps

Adjusted net income attributable to IDEX

148.6 133.0 15.6

Adjusted EBITDA

230.4 208.0 22.4

Adjusted EBITDA margin

26.0 % 25.5 % 50 bps

Adjusted diluted EPS attributable to IDEX

2.00 1.75 0.25

Free cash flow

86.0 91.4 (5.4)

Free cash flow conversion

58% 69%

NM – Not Meaningful

*Each of these items below are non-GAAP measures. See the definitions of these non-GAAP measures in the section in this release titled “Non-GAAP Measures of Financial Performance” and reconciliations to their most directly comparable GAAP financial measures in the reconciliation tables at the end of this release.

(1) Adjusted gross profit is calculated as Gross profit plus fair value inventory step-up charges. Adjusted gross margin is calculated as Adjusted gross profit divided by Net sales. There were no fair value inventory step-up charges recorded during the three months ended March 31, 2026 or March 31, 2025.

•Net sales increased as a result of increased organic sales, as well as favorable impacts from foreign currency and contributions from acquisitions. The increase in organic sales was driven by higher volumes in our Health & Science Technologies (“HST”) segment, which were slightly offset by lower volumes in our Fire & Safety/Diversified Products (“FSDP”) and Fluid & Metering Technologies (“FMT”) segments. The increase also reflects positive price across our businesses.

•Gross margin decreased due to unfavorable mix and pressured price/cost, partially offset by net productivity improvements and volume leverage.

•Both Diluted EPS and Adjusted diluted EPS increased, primarily due to improved operational results discussed above. GAAP Diluted EPS also reflects lower restructuring and asset impairment expense, which was excluded from Adjusted diluted EPS.

•Cash flows from operating activities and free cash flow were both slightly down compared to the prior year period. Higher earnings were offset by the timing of customer payments. Free cash flow also reflects higher capital expenditures during the current year period.

Segment Financial Results

Three Months Ended March 31,(1)

(Dollars in millions)

2026 2025 Increase (Decrease)

Health & Science Technologies

Net sales $ 398.4 $ 341.5 $ 56.9

Change in reported net sales

17 %

Change in organic sales* 11 %

Adjusted EBITDA(2)

106.0 87.4 18.6

Adjusted EBITDA margin 26.6 % 25.6 % 100 bps

Fluid & Metering Technologies

Net sales $ 301.5 $ 290.5 $ 11.0

Change in reported net sales

4 %

Change in organic sales* 2 %

Adjusted EBITDA(2)

98.7 95.3 3.4

Adjusted EBITDA margin 32.7 % 32.8 % (10) bps

Fire & Safety/Diversified Products

Net sales $ 188.3 $ 184.3 $ 4.0

Change in reported net sales

2 %

Change in organic sales* (1 %)

Adjusted EBITDA(2)

55.8 54.2 1.6

Adjusted EBITDA margin 29.7 % 29.4 % 30 bps

*These are non-GAAP measures. See the definitions of these non-GAAP measures in the section in this release titled “Non-GAAP Measures of Financial Performance” and reconciliations to their most directly comparable GAAP financial measures in the reconciliation tables at the end of this release.

(1) Three month data includes the results of the acquisition of Micro-LAM, Inc. (“Micro-LAM”) (July 2025) in the HST segment.

(2) Segment Adjusted EBITDA excludes unallocated corporate costs which are included in Corporate and other.

Health & Science Technologies Segment

•Net sales for the first quarter 2026 increased 17%. Organic sales increased 11% due to higher volumes primarily due to AI-driven demand for data center power and semiconductor markets, as well as strength in space and defense, partially offset by lower volumes in our life sciences businesses. Net sales also reflect positive price across the segment.

•Adjusted EBITDA margin for the first quarter 2026 increased primarily due to volume leverage and favorable price/cost, partially offset by unfavorable mix and acquisitions.

Fluid & Metering Technologies Segment

•Net sales for the first quarter 2026 increased 4%. Organic sales increased 2% primarily driven by positive price. Higher volumes in our businesses serving municipal water, semiconductor and mining markets were more than offset by lower volumes in our chemical and general industrial businesses.

•Adjusted EBITDA margin for the first quarter 2026 decreased primarily due to unfavorable mix and volume deleverage, mostly mitigated by net productivity improvements.

Fire & Safety/Diversified Products Segment

•Net sales for the first quarter 2026 increased 2%. Organic sales decreased 1%. Higher volumes in our Fire & Safety businesses and positive price were more than offset by lower volumes within our Dispensing businesses driven by timing of projects.

•Adjusted EBITDA margin for the first quarter 2026 increased primarily due to net productivity improvements, partially offset by unfavorable mix and volume deleverage.

Corporate Costs

Corporate costs included in consolidated Adjusted EBITDA were $30.1 million during the first quarter 2026, up slightly from $28.9 million during the same prior year period driven by higher employee-related costs.

Conference Call

IDEX will host its first quarter earnings conference call on Wednesday, April 29, 2026 at 8:00 a.m. CT. The call will be an audio webcast and accessible on the Company's Investor Relations site at https://investors.idexcorp.com. Associated earnings presentation materials will be available on the Company's website prior to the call.

Interested parties can access the conference by dialing 888.596.4144 and using confirmation code #2518354. Please connect five minutes prior to the start of the conference call.

A replay of the earnings call and associated earnings presentation materials will be available on the Company’s website after the call.

Forward-Looking Statements

This news release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other things, the Company’s second quarter 2026 and full year 2026 outlook including expected organic sales and expected adjusted earnings per share and the assumptions underlying these expectations, capital return strategy, anticipated future acquisition behavior and the anticipated benefits and performance of the Company’s recent or future acquisitions, resource and capital deployment and focus and organic and inorganic growth, the Company’s ability to adapt to macroeconomic challenges, anticipated impacts of tariffs and global trade policies and changes in law, anticipated trends in end markets, including expectations regarding future order volumes and order patterns, anticipated growth initiatives and expansions and execution of those growth initiatives and are indicated by words or phrases such as “anticipates,” “estimates,” “plans,” “guidance,” “expects,” “projects,” “forecasts,” “should,” “could,” “will,” “likely to be,” “management believes,” “the Company believes,” “the Company intends” and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this news release.

The risks and uncertainties include, but are not limited to, the following: levels of industrial activity and economic conditions in the U.S. and other countries around the world, including uncertainties in the financial markets; pricing pressures, including inflation and rising interest rates, and other competitive factors and levels of capital spending in certain industries; the impact of severe weather events, natural disasters and public health threats; economic and political consequences resulting from terrorist attacks, wars and global conflicts; the Company’s ability to make acquisitions and to integrate and operate acquired businesses on a profitable basis; cybersecurity incidents; the continued growth of artificial intelligence (“AI”) and any related changes to demand in AI-driven markets served by the Company’s customers; the relationship of the U.S. dollar to other currencies and its impact on pricing and cost competitiveness; political and economic conditions in countries in which the Company operates; developments with respect to trade policy and existing, new or increased tariffs or other similar measures; changes to applicable laws and regulations, including tax laws; interest rates; capacity utilization and the effect this has on costs; labor markets; supply chain conditions; market conditions and material costs; risks related to environmental, social and corporate governance issues, including those related to climate change and sustainability; and developments with respect to contingencies, such as litigation and environmental matters.

Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the “Risk Factors” section included in the Company’s most recent annual report on Form 10-K and the Company’s subsequent quarterly reports filed with the United States Securities and Exchange Commission (“SEC”) and the other risks discussed in the Company’s filings with the SEC. The forward-looking statements included here are only made as of the date of this news release, and management undertakes no obligation to publicly update them to reflect subsequent events or circumstances, except as may be required by law. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented here.

About IDEX

IDEX Corporation (NYSE: IEX), a global engineered products company, is comprised of three primary business segments – Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety/Diversified Products. Thousands of IDEX employees around the world design and manufacture highly engineered components and applied solutions that are vital to the advances of modern life and help IDEX live its purpose – Trusted Solutions, Improving Lives™. From satellite communications to water systems, from medical diagnostic components to emergency rescue tools and more, we collaborate with customers in the most critical industries to develop solutions that make the world better today and into the future. Founded in 1988, IDEX now includes more than 50 dynamic businesses around the world and manufacturing operations in more than 20 countries.

For further information on IDEX Corporation and its business units, visit the Company’s website at www.idexcorp.com.

(Financial reports follow)

IDEX CORPORATION

Condensed Consolidated Statements of Income

(in millions, except per share amounts)

(unaudited)

Three Months Ended March 31,

2026 2025

Net sales $ 886.9 $ 814.3

Cost of sales 488.8 445.4

Gross profit 398.1 368.9

Selling, general and administrative expenses 218.3 209.4

Restructuring expenses and asset impairments 7.4 17.5

Operating income 172.4 142.0

Other (income) expense – net (0.6) 1.4

Interest expense – net

16.0 16.1

Income before income taxes 157.0 124.5

Provision for income taxes 37.1 29.1

Net income 119.9 95.4

Net loss attributable to noncontrolling interest 0.1 0.1

Net income attributable to IDEX $ 120.0 $ 95.5

Earnings per Common Share:

Basic earnings per common share attributable to IDEX $ 1.61 $ 1.26

Diluted earnings per common share attributable to IDEX $ 1.61 $ 1.26

Share Data:

Basic weighted average common shares outstanding 74.3 75.7

Diluted weighted average common shares outstanding 74.4 75.8

IDEX CORPORATION

Condensed Consolidated Balance Sheets

(in millions)

(unaudited)

March 31, 2026 December 31, 2025

Assets

Current assets

Cash and cash equivalents $ 586.2 $ 580.0

Receivables – net

553.0 521.7

Inventories – net

501.0 479.4

Other current assets 76.5 62.1

Total current assets 1,716.7 1,643.2

Property, plant and equipment – net 462.3 468.0

Goodwill 3,390.2 3,414.5

Intangible assets - net 1,200.2 1,247.4

Other noncurrent assets 149.2 153.9

Total assets $ 6,918.6 $ 6,927.0

Liabilities and equity

Current liabilities

Trade accounts payable $ 224.8 $ 224.7

Accrued expenses 280.6 297.0

Current portion of long-term borrowings 0.5 0.7

Dividends payable 0.1 53.0

Total current liabilities 506.0 575.4

Long-term borrowings – net

1,871.8 1,820.1

Deferred income taxes 299.5 303.0

Other noncurrent liabilities 192.9 202.3

Total liabilities 2,870.2 2,900.8

Shareholders' equity

Preferred stock — —

Common stock 0.9 0.9

Treasury stock (1,453.6) (1,423.2)

Additional paid-in capital 868.5 892.1

Retained earnings 4,620.1 4,500.1

Accumulated other comprehensive income 13.9 57.6

Total shareholders' equity 4,049.8 4,027.5

Noncontrolling interest (1.4) (1.3)

Total equity 4,048.4 4,026.2

Total liabilities and equity $ 6,918.6 $ 6,927.0

IDEX CORPORATION

Condensed Consolidated Statements of Cash Flows

(in millions)

(unaudited)

Three Months Ended March 31,

2026 2025

Cash flows from operating activities

Net income $ 119.9 $ 95.4

Adjustments to reconcile net income to net cash flows provided by operating activities:

Asset impairments

4.8 —

Depreciation 19.9 18.4

Amortization of intangible assets 33.8 31.5

Share-based compensation expense 15.8 13.6

Deferred income taxes (0.6) 0.9

Changes in (net of the effect from acquisitions/divestitures and foreign currency translation):

Receivables – net

(35.4) (12.3)

Inventories – net

(25.5) (34.9)

Other current assets (15.1) (7.0)

Trade accounts payable 0.6 9.6

Deferred revenue 4.2 8.8

Accrued expenses (18.8) (17.9)

Other – net

0.1 (0.4)

Net cash flows provided by operating activities 103.7 105.7

Cash flows from investing activities

Capital expenditures (17.7) (14.3)

Acquisition of business, net of cash acquired — 4.2

Other – net

(2.7) 0.1

Net cash flows used in investing activities (20.4) (10.0)

Cash flows from financing activities

Borrowings under revolving credit facilities

100.0 —

Payments under revolving credit facilities (45.3) (30.2)

Cash dividends paid to shareholders (52.8) (52.4)

Proceeds (payments) from share issuances, net of shares withheld for taxes

5.8 (0.5)

Repurchases of common stock (76.3) (50.0)

Other – net

(0.2) (0.2)

Net cash flows used in financing activities (68.8) (133.3)

Effect of exchange rate changes on cash and cash equivalents (8.6) 10.9

Net increase (decrease) in cash and cash equivalents and restricted cash 5.9 (26.7)

Cash and cash equivalents and restricted cash at beginning of year(1)

585.9 638.9

Cash and cash equivalents and restricted cash at end of period(1)

$ 591.8 $ 612.2

(1) The Company has restricted cash related to certain letters of credit and is required to keep these balances in separate accounts for the duration of the letter of credit agreements. The underlying letters of credit expire between June 2026 and July 2027. The Company also has restricted cash related to funds held in escrow for the payment of certain merger consideration in connection with the acquisition of Micro-LAM. These payments are expected to be paid between July 2026 and January 2028. Restricted cash is included in the Condensed Consolidated Balance Sheets as follows:

Restricted Cash

March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2024

Other current assets

$ 2.7 $ 3.0 $ 16.5 $ 18.1

Other noncurrent assets

2.9 2.9 1.6 —

Total

$ 5.6 $ 5.9 $ 18.1 $ 18.1

IDEX CORPORATION

Company and Segment Financial Information

(in millions)

(unaudited)

Three Months Ended March 31,

2026 2025

Net sales

Health & Science Technologies $ 398.4 $ 341.5

Fluid & Metering Technologies 301.5 290.5

Fire & Safety/Diversified Products 188.3 184.3

Eliminations (1.3) (2.0)

Total IDEX $ 886.9 $ 814.3

Depreciation

Health & Science Technologies $ 12.5 $ 11.7

Fluid & Metering Technologies 4.9 4.4

Fire & Safety/Diversified Products 2.4 2.2

Corporate Office 0.1 0.1

Total IDEX $ 19.9 $ 18.4

Amortization of intangible assets

Health & Science Technologies $ 27.1 $ 24.6

Fluid & Metering Technologies 5.4 5.3

Fire & Safety/Diversified Products 1.3 1.6

Total IDEX $ 33.8 $ 31.5

Restructuring expenses and asset impairments

Health & Science Technologies $ 1.1 $ 11.4

Fluid & Metering Technologies 5.1 4.2

Fire & Safety/Diversified Products 0.3 1.6

Corporate Office 0.9 0.3

Total IDEX $ 7.4 $ 17.5

Non-GAAP Measures of Financial Performance

The Company prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company supplements certain U.S. GAAP financial performance metrics with non-GAAP financial performance metrics. Management believes these non-GAAP financial performance metrics provide investors with greater insight, transparency and a more comprehensive understanding of the financial information used by management in its financial and operational decision making because certain of these adjusted metrics exclude items not reflective of ongoing operations, as identified in the reconciliations below. Reconciliations of non-GAAP financial performance metrics to their most directly comparable U.S. GAAP financial performance metrics are defined and presented below and should not be considered a substitute for, nor superior to, the financial data prepared in accordance with U.S. GAAP. Due to rounding, numbers presented throughout this and other documents may not add up or recalculate precisely.

All table footnotes can be found at the end of this Non-GAAP Measures section. There were no adjustments to U.S. GAAP financial performance metrics other than the items noted below.

•Organic orders and organic sales are calculated as orders and Net sales excluding amounts from acquired or divested businesses during the first twelve months of ownership or prior to divestiture and excluding the impact of foreign currency translation.

•Adjusted gross profit is calculated as Gross profit plus fair value inventory step-up charges. There were no fair value inventory step-up charges recorded during the three months ended March 31, 2026 or March 31, 2025.

•Adjusted gross margin is calculated as Adjusted gross profit divided by Net sales. There were no fair value inventory step-up charges recorded during the three months ended March 31, 2026 or March 31, 2025.

•Adjusted net income attributable to IDEX is calculated as Net income attributable to IDEX plus Restructuring expenses and asset impairments, plus acquisition-related intangible asset amortization, less gain on legal settlement, all net of the statutory tax expense or benefit.

•Adjusted diluted EPS attributable to IDEX is calculated as adjusted net income attributable to IDEX divided by the diluted weighted average shares outstanding.

•Consolidated Adjusted EBITDA is calculated as consolidated earnings before interest expense - net, income taxes, depreciation and amortization, or consolidated EBITDA, plus Restructuring expenses and asset impairments, less gain on legal settlement.

•Consolidated Adjusted EBITDA margin is calculated as Consolidated Adjusted EBITDA divided by Net sales.

•Free cash flow is calculated as cash flows from operating activities less capital expenditures. Free cash flow conversion is calculated as free cash flow divided by adjusted net income attributable to IDEX.

Table 1: Reconciliations of the Change in Net Sales to Organic Sales

HST FMT FSDP IDEX

Three Months Ended March 31, 2026

Change in net sales 17 % 4 % 2 % 9 %

Less:

Net impact from acquisitions/divestitures(1)

3 % — % — % 1 %

Impact from foreign currency(2)

3 % 2 % 3 % 3 %

Change in organic sales 11 % 2 % (1 %) 5 %

Table 2: Reconciliations of Reported-to-Adjusted Net Income Attributable to IDEX and Diluted EPS Attributable to IDEX (in millions, except per share amounts)

Three Months Ended March 31,

2026 2025

Reported net income attributable to IDEX $ 120.0 $ 95.5

Restructuring expenses and asset impairments 7.4 17.5

Tax impact on restructuring expenses and asset impairments (1.7) (4.1)

Gain on legal settlement(3)

(3.7) —

Tax impact on gain of legal settlement 0.8 —

Acquisition-related intangible asset amortization 33.8 31.5

Tax impact on acquisition-related intangible asset amortization (8.0) (7.4)

Adjusted net income attributable to IDEX $ 148.6 $ 133.0

Reported diluted EPS attributable to IDEX $ 1.61 $ 1.26

Restructuring expenses and asset impairments 0.10 0.23

Tax impact on restructuring expenses and asset impairments (0.02) (0.05)

Gain on legal settlement(3)

(0.05) —

Tax impact on gain of legal settlement 0.01 —

Acquisition-related intangible asset amortization 0.46 0.41

Tax impact on acquisition-related intangible asset amortization (0.11) (0.10)

Adjusted diluted EPS attributable to IDEX $ 2.00 $ 1.75

Diluted weighted average shares outstanding 74.4 75.8

Table 3: Reconciliations of Net Income to Adjusted EBITDA (dollars in millions)

Three Months Ended March 31,

2026 2025

Reported net income $ 119.9 $ 95.4

Provision for income taxes 37.1 29.1

Interest expense - net 16.0 16.1

Depreciation 19.9 18.4

Amortization 33.8 31.5

Restructuring expenses and asset impairments 7.4 17.5

Gain on legal settlement(3)

(3.7) —

Adjusted EBITDA $ 230.4 $ 208.0

Adjusted EBITDA Components

HST $ 106.0 $ 87.4

FMT 98.7 95.3

FSDP 55.8 54.2

Corporate and other (30.1) (28.9)

Total Adjusted EBITDA $ 230.4 $ 208.0

Net sales $ 886.9 $ 814.3

Net income margin 13.5 % 11.7 %

Adjusted EBITDA margin 26.0 % 25.5 %

Table 4: Reconciliations of Cash Flows from Operating Activities to Free Cash Flow (dollars in millions)

Three Months Ended March 31,

2026 2025

Cash flows from operating activities $ 103.7 $ 105.7

Less: Capital expenditures 17.7 14.3

Free cash flow $ 86.0 $ 91.4

Reported net income attributable to IDEX $ 120.0 $ 95.5

Adjusted net income attributable to IDEX 148.6 133.0

Operating cash flow as a percent of net income 86 % 111 %

Free cash flow conversion 58 % 69 %

(1) Represents the sales from acquired or divested businesses during the first 12 months of ownership or prior to divestiture.

(2) The portion of sales attributable to foreign currency translation is calculated as the difference between (a) the period-to-period change in organic sales, and (b) the period-to-period change in organic sales after applying prior period foreign exchange rates to the current year period.

(3) Gain on legal settlement represents settlement funds received in excess of legal costs incurred related to a patent infringement lawsuit within the FMT segment.

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v3.26.1

Cover Page

Apr. 29, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Apr. 29, 2026

Entity Registrant Name

IDEX CORP

Entity Incorporation, State or Country Code

Entity File Number

1-10235

Entity Tax Identification Number

36-3555336

Entity Address, Address Line One

3100 Sanders Road

Entity Address, Address Line Two

Suite 301

Entity Address, City or Town

Northbrook

Entity Address, State or Province

Entity Address, Postal Zip Code

60062

City Area Code

847

Local Phone Number

498-7070

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, par value $.01 per share

Trading Symbol

IEX

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0000832101

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration