IEX · 10-Q · 2026Q3
IDEX CORP /DE/
Filed 2026-10-28 · Industrials · View original filing on EDGAR
USD 951.7MTotal Revenue
USD 6,878.8MTotal Assets
11Topics
59Top Importance
Everything IEX's SEC filings said, ranked
Ranked Events
- Restructuring ChargesImportance 59 · Surprise 82Restructuring expenses and asset impairments were $3.4 million in the third quarter of 2026, compared with $0.1 million in the prior-year quarter, and $13.6 million for nine months, compared with $18.3 million. The…
- End-Market Demand TrendsImportance 54 · Surprise 40IDEX reported higher HST volumes tied primarily to AI-driven demand for data center power and semiconductor markets, alongside strength in space and defense. HST net sales increased 14% to $433.5 million in the third…
- Operating Cash Flow and CapexImportance 48 · Surprise 40Operating cash flow increased $72.3 million to $543.2 million in the first nine months of 2026 from $470.9 million, reflecting improved operating results and cash received from IEEPA tariff refunds, partly offset by…
- Segment Revenue PerformanceImportance 48 · Surprise 40HST 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…
- Revenue Performance and MixImportance 43 · Surprise 32Third-quarter 2026 net sales increased 8% to $951.7 million from $878.7 million, while nine-month sales rose 8% to $2,759.2 million from $2,558.4 million. Organic sales grew 8% in the quarter and 6% in the nine-month…
- Trade Policy and TariffsImportance 41 · Surprise 60On February 20, 2026, the U.S. Supreme Court invalidated broad-based tariffs imposed under the International Emergency Economic Powers Act (IEEPA). IDEX collected substantially all anticipated refunds during the second…
- Gross Margin DriversImportance 40 · Surprise 40Third-quarter gross margin increased 60 basis points to 45.1% from 44.5%, and nine-month gross margin increased 50 basis points to 45.5% from 45.0%. Gross profit rose $38.9 million to $429.5 million for the quarter and…
- Capital Return ProgramImportance 38 · Surprise 24IDEX repurchased $228.0 million of shares during the nine months ended September 30, 2026, including $223.5 million for repurchases settled during the period. The remaining repurchase authorization was $699.7 million…
- Balance Sheet and LiquidityImportance 36 · Surprise 14At September 30, 2026, IDEX reported $602.1 million of cash and cash equivalents, including $541.9 million held outside the United States, and $637.7 million of availability under its $800.0 million Revolving Facility.…
- Supply Chain And InventoryImportance 24 · Surprise 14Inventories increased by $49.7 million, or about 10%, from December 31, 2025 to September 30, 2026. Excluding acquisition and foreign currency effects, inventory increased by $55.7 million. IDEX attributed higher…
- Operating Expense TrendsImportance 24 · Surprise 14Selling, general and administrative expense increased $13.4 million to $218.1 million in the third quarter and $42.8 million to $660.5 million over nine months. Acquisitions, including amortization, contributed $1.9…
Revenue by Product (in millions)
| segment | Q3 2026 | 9M 2025 | Q3 2025 | 9M 2026 |
|---|---|---|---|---|
| Scientific Fluidics & Optics | 240.1 | 623 | 220 | 687.5 |
| Performance Pneumatic Technologies | 92.3 | 189 | 64.9 | 253.6 |
| Sealing Solutions | 72.2 | 185.6 | 63.7 | 213.7 |
| Material Processing Technologies | 28.9 | 90.2 | 32.4 | 92.1 |
| Pumps | 111.2 | 320.9 | 106 | 330.2 |
| Water | 100.3 | 259.7 | 91 | 287.8 |
| Energy | 55 | 157.3 | 55 | 154.1 |
| Agriculture | 36.2 | 106.2 | 37.1 | 105.1 |
| Valves | 25.2 | 74.4 | 28 | 69.3 |
| Fire & Safety | 124.4 | 353.4 | 118.8 | 369.3 |
| Dispensing | 32.4 | 113.7 | 32.8 | 101.9 |
| BAND-IT | 34.7 | 90.6 | 30.3 | 98.5 |
Revenue by Geography (in millions)
| Q3 2026 | 9M 2025 | Q3 2025 | region | 9M 2026 |
|---|---|---|---|---|
| 473.5 | 1,314.4 | 459.2 | U.S. | 1,397.7 |
| 31 | 93.6 | 33.3 | North America, excluding U.S. | 91.3 |
| 224.5 | 621.3 | 208.2 | Europe | 671.7 |
| 178.3 | 415.4 | 137.6 | Asia | 470.2 |
| 45.6 | 119.3 | 41.7 | Other | 132.2 |