IDEX CORP /DE/ Reports Record Q2 Sales

By Ahmed Jameison • Thursday, July 31 06:12 • Permanent Link

IDEX CORP /DE/ has recently released its 10-Q report, detailing its operations through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The company provides applied solutions in various industries across the globe, including fluid-handling pump modules and systems, precision fluidics, firefighting pumps, and more.

In the second quarter of 2025, IDEX reported record net sales of $865.4 million, marking a 7% increase from the same period in 2024. The reported diluted earnings per common share ("EPS") attributable to IDEX was $1.74, a 6% decrease from the previous year. Adjusted diluted EPS of $2.07 remained relatively flat. The company attributed its strong operating performance during the quarter to strong price/cost execution, despite macroeconomic uncertainty and volume pressure driven by ongoing tariff-related uncertainty in the market.

For the three months ended June 30, 2025, domestic sales saw a 7% increase, reaching $435.8 million, while international sales also rose by 7% to $429.6 million. This contributed to a 7% overall increase in net sales, reaching $865.4 million. The company's gross profit for the quarter was $392.2 million, a 7% increase from the previous year. However, the gross margin saw a slight decrease of 10 basis points to 45.3%.

The Health & Science Technologies segment reported a 20% increase in net sales for the quarter, reaching $365.3 million. Adjusted EBITDA for this segment was $95.0 million, reflecting a 13% increase. The Fluid & Metering Technologies segment, on the other hand, experienced a 3% decrease in net sales, reaching $310.9 million, with an adjusted EBITDA of $108.7 million, showing a 1% increase.

IDEX's financial results for the second quarter of 2025 were impacted by the acquisition of Mott Corporation and its subsidiaries in the third quarter of 2024. The company noted that its results were also influenced by ongoing tariff-related uncertainty in the market, leading to a decline in industrial day rates and hesitation around larger order commitments.

Today the company's shares have moved -9.7% to a price of $167.21. Check out the company's full 10-Q submission here.

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