Idex Beats Q1 Estimates As Ai: related demand lifts prices; outlook raised

IDEX

29/04/2026 12:09

Overview

U.S. engineered products maker's Q1 sales rose 9%, beating analyst expectations

Adjusted diluted EPS for Q1 rose 14%, beating analyst expectations

Company raised full-year 2026 organic growth and adjusted EPS guidance

Outlook

IDEX raises full-year 2026 organic sales growth outlook to 3%-4% from 1%-2%

Company now sees 2026 adjusted diluted EPS of $8.35 to $8.55, up from $8.15-$8.35

IDEX expects Q2 2026 organic sales to rise 3%-4% and adjusted EPS of $2.07-$2.12

Result Drivers

HST SEGMENT GROWTH - Higher volumes in Health & Science Technologies, driven by AI-related demand for data center power and semiconductors, as well as strength in space and defense, boosted organic sales

POSITIVE PRICING - Price increases contributed to sales growth across all segments

GROSS MARGIN PRESSURE - Gross margin declined due to unfavorable mix and price/cost pressure, partly offset by productivity improvements

Company press release: ID:nBw6TZn85a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$886.90 mln
$845.57 mln (12 Analysts)
Q1 Adjusted EPS
Beat
$2
$1.77 (12 Analysts)
Q1 EPS
$1.61
Q1 Adjusted Net Income
Beat
$148.60 mln
$132.57 mln (7 Analysts)
Q1 Adjusted EBITDA
Beat
$230.40 mln
$193.80 mln (2 Analysts)
Q1 Adjusted Gross Margin
44.90%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for IDEX Corp is $225.00, about 9.6% above its April 28 closing price of $205.36

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)