IEX · 10-Q · 2026Q3 · Full report

Segment Revenue Performance

IDEX CORP /DE/ · 2026-10-28 · Importance 48 · Surprise 40 · No source text

HST third-quarter sales increased 14% to $433.5 million and nine-month sales increased 15% to $1,246.9 million; organic growth was 13% and 12%, respectively. FMT sales rose 3% in both periods, to $327.9 million for the quarter and $946.5 million for nine months, with organic growth of 4% and 2%. FSDP sales increased 5% to $191.5 million in the quarter and 2% to $569.7 million over nine months, with organic growth of 6% and 1%. HST growth reflected data-center power, semiconductor, space and defense demand; FMT growth included municipal water and semiconductor volumes, while FSDP benefited from BAND-IT and Fire & Safety demand and faced lower Dispensing volumes over nine months.

Key facts

• For the three months ended September 30, 2026, net sales were $433.5 million in HST, up 14% (13% organic); Adjusted EBITDA was $124.8 million, up 18%, and Adjusted EBITDA margin was 28.8%, up 110 basis points. source
• For the nine months ended September 30, 2026, net sales were $1,246.9 million in HST, up 15% (12% organic); Adjusted EBITDA was $350.1 million, up 22%, and Adjusted EBITDA margin was 28.1%, up 160 basis points. source
• For the three months ended September 30, 2026, FMT net sales were $327.9 million, up 3% (4% organic); Adjusted EBITDA was $111.0 million, up 4%, and Adjusted EBITDA margin was 33.9%, up 20 basis points. source
• For the nine months ended September 30, 2026, FMT net sales were $946.5 million, up 3% (2% organic); Adjusted EBITDA was $320.0 million, up 3%, and Adjusted EBITDA margin was 33.8%, unchanged. source
• For the three months ended September 30, 2026, FSDP net sales were $191.5 million, up 5% (6% organic); Adjusted EBITDA was $54.5 million, up 11%, and Adjusted EBITDA margin was 28.5%, up 140 basis points. source
• For the nine months ended September 30, 2026, FSDP net sales were $569.7 million, up 2% (1% organic); Adjusted EBITDA was $165.2 million, up 3%, and Adjusted EBITDA margin was 29.0%, up 30 basis points. source
• HST Adjusted EBITDA margin increased in the three and nine months ended September 30, 2026 primarily due to volume leverage, partially offset by higher variable compensation and acquisition impacts; in the three-month period, favorable mix was also offset by higher employee-related costs. source
• FMT Adjusted EBITDA margin increased slightly in the three months ended September 30, 2026 due to net productivity improvements and volume leverage, mostly offset by unfavorable mix and higher variable compensation; the nine-month margin was flat as productivity improvements were offset by unfavorable mix. source

Impact estimates