IDEX reported record third-quarter sales and adjusted earnings, with orders growing faster than sales. The industrial company also raised its full-year sales-growth and adjusted-earnings forecasts, citing strong year-to-date performance and improved momentum heading into year-end.
The results reflect demand in what IDEX calls advantaged markets and contributions from larger acquired businesses. The company said momentum is also broadening across the rest of its portfolio.
Key details
- Sales: Third-quarter sales were a record $952 million, up 8% from a year earlier on both a reported and organic basis.
- Earnings: Diluted earnings per share were $1.95, up 15%. Adjusted diluted EPS reached a record $2.33, also up 15%.
- Orders: Orders totaled $991 million, an increase of 13% on both a reported and organic basis.
- Margins: IDEX said it expanded margins and generated strong incremental margins as volume increased, despite continued inflation. It did not provide a margin figure in the results excerpt.
- Shareholder returns: The company returned $129 million through dividends and share repurchases during the quarter.
- Raised full-year sales outlook: IDEX now expects organic sales to grow 6.5% to 6.8% in 2026, compared with its previous forecast of 5% to 6%.
- Raised full-year earnings outlook: The company now expects adjusted diluted EPS of $8.91 to $8.96, versus its prior range of $8.70 to $8.85. At the midpoint, the new forecast implies approximately 12% year-over-year growth.
- Business priorities: Chief Executive Eric Ashleman pointed to advantaged markets and larger acquired businesses as key contributors. He also said IDEX’s “8020” approach guides resource and technology allocation toward attractive opportunities; the release did not provide further detail on that framework.
What changes for investors
The main change is the higher 2026 outlook: IDEX now expects faster organic sales growth and higher adjusted earnings than it previously forecast. The quarter also combined stronger orders with record sales and adjusted EPS, while the company continued returning capital to shareholders.