IEX · Full Picture

IDEX CORP /DE/ — the full picture

Earnings window · 2026-10-07 to 2026-11-14 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 79
    -8.6% cash; 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    IDEX plans to maintain share repurchases at around $75 million per quarter through the rest of 2026, with flexibility to repurchase more based on leverage, bolt-on M&A, and 80/20-led portfolio decisions.
  2. Revenue Guidance and Outlook · Guidance & outlookPriority 75
    +5.7% revenue; 3 sources (news, press_release, transcript); 4 forward row(s); quote_verified
    IDEX raised its 2026 adjusted EPS outlook by $0.16 at the midpoint to $8.91 to $8.96, from $8.70 to $8.85.
  3. Segment Revenue Performance · Revenue growth & mixPriority 75
    +28.6% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    Analysts forecast IDEX Q3 2026 revenue of $934.35 million.
  4. Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 63
    3 sources (news, press_release, transcript); quote_verified
    Q3 2026 orders grew 13% year over year and reached nearly $1 billion, with organic order growth in all three segments.
  5. End-Market Demand Trends · Demand, orders & backlogPriority 58
    4 sources (news, press_release, sec_filing, transcript); quote_verified
    IDEX HST third-quarter 2026 sales increased 14%, with organic sales up 13%, driven by higher volumes primarily due to AI-driven demand for data center power and semiconductor markets, strength in space and defense, and positive price.
  6. Liquidity and Capital Position · Liquidity & cash positionPriority 57
    quote_verified
    IDEX ended Q3 2026 with liquidity of over $1.2 billion.
  7. Advantaged Market Revenue Growth · Revenue growth & mixPriority 50
    quote_verified
    Management said the HST advantaged areas—data center, semiconductor, and space and defense—were over a third of the portfolio and had grown around 50% year over year year to date.
  8. Liquidity and Debt Position · Debt, leverage & refinancingPriority 49
    quote_verified
    IDEX amended and restated its $800 million revolving credit facility, extending its maturity to September 2031.
  9. Gross Margin Drivers · Gross marginPriority 47
    4 sources (news, press_release, sec_filing, transcript); quote_verified
    IDEX's third-quarter 2026 adjusted EBITDA was $264.8 million, with a 27.8% margin, 3.2% above analyst estimates of $256.6 million.
  10. Balance Sheet and Liquidity · Liquidity & cash positionPriority 43
    quote_verified
    At September 30, 2026, IDEX had working capital of $1,130.6 million, a current ratio of 2.8 to 1, cash and cash equivalents of $602.1 million, and $541.9 million of cash held outside the United States.
  11. Operating Cash Flow and Capex · UnclassifiedPriority 42
    +1.8% cash (realized); 2 sources (press_release, sec_filing); quote_verified
    Capital expenditures were $65.9 million in the first nine months of 2026 and $43.9 million in the first nine months of 2025.
  12. Revolving Credit Facility · Debt, leverage & refinancingPriority 38
    quote_verified
    IDEX extended its $800 million credit facility to September 2031.

Threads by pillar

Revenue & Demand Priority 84 · 5 threads

Costs & Margins Priority 68 · 8 threads

Capital & Balance Sheet Priority 86 · 6 threads

Strategy & Portfolio Priority 28 · 1 thread

Legal, Regulatory & Policy Priority 34 · 1 thread

Guidance & Outlook Priority 75 · 1 thread

Macro & Market Conditions Priority 26 · 1 thread

Unclassified Priority 47 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
cash-8.6%+8.6%-1.6%
revenue+5.7%+5.7%+28.6%
net_income——+1.7%
margin——+5.1%
operating_income——+13.7%