Brief: Idex Reports Record Q2 Results, Lowers Full Year Guidance

IDEX

26/07/2023 23:05

July 26 (Reuters) - IDEX Corp  IEX.N :
    * IDEX REPORTS RECORD SECOND QUARTER RESULTS; LOWERS FULL
YEAR
GUIDANCE IN RESPONSE TO SOFTENING SECOND HALF OUTLOOK
    * IDEX CORP - FY 2023 ORGANIC SALES ARE PROJECTED TO DECLINE
1 TO
2% OVER PRIOR YEAR, WITH GAAP EPS OF $6.80 - $6.90 (ADJUSTED EPS
OF $7.90 - $8.00)
    * IDEX CORP - Q3 ORGANIC SALES ARE PROJECTED TO DECLINE 7 TO
8%
OVER PRIOR YEAR PERIOD, WITH GAAP EPS OF $1.60 - $1.65 (ADJUSTED
EPS OF $1.84 - $1.89)
    * IDEX CORP - AT THIS POINT WE NO LONGER EXPECT MARKET
RECOVERY
WITHIN SECOND HALF OF YEAR

Source text for Eikon:  ID:nBw6kxVT4a 
Further company coverage:  IEX.N 

 ((Reuters.Briefs@thomsonreuters.com;))