IEX · Earnings call · 2026Q3T · Full report

Revenue Performance and Mix

IDEX CORP /DE/ · 2026-10-28 · Importance 43 · Surprise 32 · No source text

Third-quarter organic sales grew 8% year over year, with HST up 13%, FMT up 4%, and FSDP up 6%. Growth was driven primarily by volume, with a positive contribution from price. Within FMT, semiconductor, municipal water, and industrial pumps led sales growth, while chemical valves and agriculture remained down year over year but improved sequentially. In FSDP, all three businesses grew, led by BAND-IT’s aerospace demand.

Key facts

• Q3 2026 adjusted EBITDA margin was 27.8%, above the 27% to 27.5% guidance range; adjusted EPS was $2.33, above the $2.20 to $2.25 range.
• Q3 2026 organic sales grew 8%; adjusted EBITDA margin expanded 50 basis points year over year to 27%; adjusted EPS grew 15% to $2.33.
• Year to date in 2026, organic sales were up 6%, adjusted EBITDA margin was up 50 basis points, and adjusted EPS was up 14%.
• Roughly half of IDEX's semiconductor business is tied to consumables that provide a more recurring revenue stream.

Impact estimates