Q4 2025 IDEX Corp Earnings Call Transcript
Key Points
- IDEX Corp (IEX) delivered organic sales growth and margin expansion in the fourth quarter of 2025, indicating strong execution of their strategy.
- The Health and Science Technology (HST) segment saw a significant 34% organic orders growth, driven by demand in data centers and AI-related ecosystems.
- IDEX Corp (IEX) achieved a record high in orders for the HST segment, providing greater visibility and confidence in their 2026 outlook.
- The company successfully integrated a small acquisition, MicroLAM, which is already showing strong growth momentum.
- IDEX Corp (IEX) maintained a strong liquidity position with approximately $1.1 billion and achieved a free cash flow conversion of 103% of adjusted net income for 2025.
- The Fluid and Metering Technologies (FMT) segment experienced softness in chemical, energy, and agriculture markets, impacting overall growth.
- The Fire and Safety Diversified Products (FSDP) segment saw a 5% decline in organic sales due to pressures outside the US and cyclical softness in dispensing.
- IDEX Corp (IEX) noted that industrial and auto market exposures within HST remain flattish, with no meaningful signs of demand improvement.
- The company anticipates flat to slightly down outlooks for FMT and FSDP in 2026, reflecting ongoing challenges in these segments.
- IDEX Corp (IEX) faces macro uncertainties and has not observed an inflection point in activity for broad, mature, and fragmented industrial end markets.
Good morning and welcome everyone to the IDEX Corporation fourth-quarter 2025 earnings conference call.
Today's conference is being recorded.
(Operator Instructions)
At this time, I would like to turn the conference over to Jim Giannakouros, Vice President of Investor relations. Please go ahead.
Good morning everyone, and welcome to IDEX's fourth-quarter 2025 earnings conference call.
We released our fourth-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 fourth-quarter and full-year results and a discussion of our current business outlook and strategies. Then Sean will discuss additional financial details and
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