$IEX (IDEX Corporation)

$IEX {{ '2015-12-02T10:54:57+0000' | timeago}} • Announcement

$IEX said its BoD has approved an additional share repurchase authorization of up to $300MM of its outstanding common shares. $IEX has reviewed its capital requirements over the planning horizon and has the capability to deploy in excess of $1Bil for acquisitions and organic growth initiatives while maintaining strong capital adequacy.

$IEX {{ '2017-06-21T10:41:27+0000' | timeago}} • Announcement

$IEX has declared a regular quarterly cash dividend of $0.37 per common share. The dividend is payable on July 31, 2017, to shareholders of record as of July 14, 2017.

$IEX {{ '2017-01-30T23:54:31+0000' | timeago}} • Announcement

$IEX projects 1-2% organic growth in 2017. The company expects to deliver full year 2017 EPS of $3.87-3.95, which includes a $0.12 foreign currency headwind, with 1Q17 EPS in the range of $0.91-0.93.

$IEX {{ '2017-01-30T23:52:26+0000' | timeago}} • Announcement

In 4Q16, in $IEX’s Fluid & Metering Technologies segment, sales of $207MM reflected a 4% decrease compared to 4Q15. Health & Science Technologies sales of $188MM grew 1% versus 4Q15. Fire & Safety/Diversified Products sales of $135MM reflected a 37% increase compared to 4Q15.

$IEX {{ '2017-01-30T23:49:21+0000' | timeago}} • Announcement

Fluidic systems and components company $IEX reported a decrease in 4Q16 earnings. Net income was $57.3MM or $0.75 per share compared to $67.7MM or $0.88 per share in 4Q15. Sales of $530MM were up 6% compared with the prior year period.

$IEX {{ '2017-01-04T11:45:54+0000' | timeago}} • Announcement

$IEX appointed William Grogan as CFO and SVP. Grogan has been at $IEX for 5 years and has served as VP of Finance, Operations since 2015. Michael Yates, who has served as the company's Interim CFO since September 2016, will resume his position as VP and CAO.

$IEX {{ '2016-12-02T00:34:41+0000' | timeago}} • Announcement

$IEX said its BoD approved a regular quarterly cash dividend of $0.34 per common share. The dividend will be paid on Jan. 31, 2017 to shareholders of record as of Jan. 16, 2017.

$IEX {{ '2016-10-18T19:11:51+0000' | timeago}} • Webcast

Regarding the resignation of Heath Mitts as CFO, $IEX has appointed Michael Yates as interim CFO. With regard to the update on search for new CFO, $IEX said in the call that it might take 6 months or so. The company expects to finalize the position around the end of January or in February 2017.

$IEX {{ '2016-10-18T18:56:38+0000' | timeago}} • Webcast

$IEX's purchase of AWG and SFC helped in free cash flow growth, despite not helping in earnings due to step-up charge in amortization. In addition, the margin expansion in the FMT portfolio came from restructured big businesses, positive mix, and impact of fixed businesses in the portfolio.

$IEX {{ '2016-10-18T18:38:07+0000' | timeago}} • Webcast

Despite investing $288MM of capital into AWG and SFC in 3Q, $IEX's long-term debt balance at Sept. 30, 2016 increased by $45MM from June 30, 2016. For the last 3 years, the company had about $335MM of free cash flow and $240MM of available cash on its balance sheet. For the next 3 years, $IEX plans to deploy $1Bil of capital.

$IEX {{ '2016-10-18T18:30:07+0000' | timeago}} • Webcast

$IEX's adjusted EPS for 3Q16 of $0.92 was negatively impact by the decision to utilize $125MM of overseas cash to partially fund the acquisitions, AWG Fittings and SFC Koenig. This cost about $5.2MM and lifted effective tax rate to 29.6%, which is higher than its forecast of 27%.

$IEX {{ '2016-10-17T21:45:16+0000' | timeago}} • Announcement

$IEX's largest segment Fluid & Metering Technologies posted 3Q16 sales of $208MM, down 2% from a year ago. Sales at its Health & Science Technologies division fell 1% to  $184MM while Fire & Safety/Diversified Products sales rose 30% to $139MM.

$IEX {{ '2016-10-17T21:41:34+0000' | timeago}} • Announcement

$IEX forecast 4Q16 EPS of 92 to 94 cents. For the full year, the company expects total sales to be up 5% with organic revenue down 1%.

$IEX {{ '2016-10-17T21:39:16+0000' | timeago}} • Announcement

$IEX reported a lower 3Q16 profit, hurt by higher costs even as sales rose. The company reported 3Q16 earnings of $69.87MM, or $0.91 per share, down from $$79.51MM, or $1.02 per share a year ago. Sales rose 5% to $530.36MM.

$IEX {{ '2016-08-31T14:16:50+0000' | timeago}} • Announcement

$IEX said it has completed its previously announced acquisition of SFC KOENIG AG. SFC KOENIG will be part of the $IEX Sealing Solutions Platform within the Health & Science Technologies Segment.

$IEX {{ '2016-08-31T12:14:53+0000' | timeago}} • Announcement

$IEX named Michael Yates as interim Chief Financial Officer, effective September 9, 2016. Yates will replace Heath Mitts. who resigned as CFO, effective September 9, 2016. Mitts has accepted the position of CFO at $TEL, the company said.

$TEL {{ '2016-08-31T12:02:32+0000' | timeago}} • Announcement

$TEL said it appointed Heath Mitts as its CFO and EVP, effective Sept. 12, 2016. Mitts joined $TEL from $IEX, where he most recently served as SVP and CFO. Mario Calastri, who has served as $TEL's interim CFO since February will resume his position as SVP and treasurer.

$IEX {{ '2016-07-28T12:57:29+0000' | timeago}} • Announcement

$IEX said that it has entered into a definitive agreement to acquire Switzerland-based SFC KOENIG AG for cash consideration based on an enterprise value of EUR217MM. SFC KOENIG will operate as a part of the sealing solutions platform within $IEX's Health and Science Technologies segment. The deal is expected to close in 30 to 45 days.

$IEX {{ '2016-07-01T21:13:05+0000' | timeago}} • Announcement

Industrial products maker $IEX said its unit LUKAS Hydraulik GmbH has completed acquisition of AWG Fittings GmbH from Paragon Partners in an all-cash transaction at an enterprise value of EUR 46MM on cash-free, debt-free basis. AWG will operate within the $IEX Fire and Safety/Diversified Products segment.

$IEX {{ '2016-06-21T21:18:25+0000' | timeago}} • Announcement

Industrial products maker $IEX said that its BoD declared a regular quarterly cash dividend of $0.34 per common share. This dividend will be paid July 29, 2016 to shareholders of record as of July 15, 2016.

$IEX {{ '2016-05-16T12:24:04+0000' | timeago}} • Announcement

$IEX said LUKAS Hydraulik GmbH, a subsidiary of the company, agreed to acquire AWG Fittings GmbH, a European leader in the manufacturing of safety equipment, for a cash consideration of â?¬46.0MM ($52MM). Located in Ballendorf, Germany, AWG had revenues of approx. â?¬36MM for 2015, & will operate within the IDEX Fire & Safety/Diversified Products unit.

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