IEX · Earnings call · 2026Q3T · Full report
Liquidity and Capital Position
IDEX CORP /DE/ · 2026-10-28 · Importance 76 · Surprise 40 · No source text
IDEX ended Q3 2026 with liquidity of more than $1.2 billion. Gross leverage improved to 1.8 times from 2.1 times a year earlier, supported by strong cash flow and earnings growth. Q3 free cash flow was $214 million, up 14% year over year, representing 124% conversion. Management expects full-year free cash flow conversion of at least 100% and plans approximately $110 million of 2026 capital expenditures, higher than the prior year to support growth.
Key facts
- IDEX ended Q3 2026 with liquidity of over $1.2 billion.
- IDEX's Q3 2026 free cash flow was $214 million, up 14%, representing 124% conversion.
- IDEX's gross leverage improved to 1.8 times in Q3 2026 from 2.1 times a year earlier.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | IDEX's Q3 2026 free cash flow was $214 million, up 14%, representing 124% conversion. |