Q2 2026 IDEX Corp Earnings Call Transcript
Key Points
- IDEX Corp (IEX) reported strong second quarter results with organic sales growth of 5% and adjusted EPS growth of 12% to $2.32.
- The company experienced significant order growth, with a 28% increase organically, led by the Health & Science Technologies segment with a 47% rise.
- IDEX Corp (IEX) raised its full-year 2026 financial outlook, expecting organic growth in the 5% to 6% range and adjusted EPS between $8.70 and $8.85.
- The company is seeing strong demand in key markets such as data centers, semiconductors, and space and defense, contributing to a growing backlog.
- IDEX Corp (IEX) is investing in capacity expansions and throughput improvements to meet customer demand, with a focus on high-growth and high-return businesses.
- The company's organic growth was slightly reduced by IEEPA tariff refunds, which also provided a slight favorability to margins and earnings.
- The Fluid Metering and Technology segment saw only 1% organic sales growth, with some softness in agricultural, chemical, and energy end markets.
- The Fire & Safety/Diversified Products segment experienced a 1% decline in organic sales, partly due to reduced activity in dispensing and softer performance in European rescue markets.
- IDEX Corp (IEX) faces uncertainties in industrial markets, with geopolitical tensions and interest rate directions impacting customer sentiment.
- The company noted that while there is strong demand in certain sectors, the broader industrial economy still shows signs of uncertainty and mixed trends.
Hello, everyone. Thank you for joining us. and welcome to the IDEX Corporation second quarter 2026 earnings conference call. After today's prepared remarks, we will host a question-and-answer session. (Operator Instructions)
I will now hand the conference over to Jim Giannakouros, VP Investor Relations. Jim, please go ahead.
Good morning, everyone, and welcome to IDEX's second quarter 2026 earnings conference call. We released our second quarter financial results earlier this morning, and you can find both our press release and earnings call slide presentation in the Investors section of our website, idexcorp.com.
On the call with me today are Eric Ashleman, President and Chief Executive Officer of IDEX; and Sean Gillen, our Chief Financial Officer. Today's call will begin with Eric providing highlights of our second quarter results and an update on our business outlook and strategies. Then Sean will discuss additional financial details and our updated outlook for 2026.
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