IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$442.00	Mhznbh	Grkdhcvw

Idex Earnings: Another Guidance Cut Due to Health and Science Technologies Inventory Correction

Krzysztof Smalec

Jul 27, 2023

Narrow-moat-rated Idex reported solid second-quarter results, including a 3% year-over-year organic sales increase, but lowered its full-year guidance for the second time this year due to softness in the health and science technologies segment. We’ve trimmed our fair value estimate to $217 per share from $221 to reflect our slightly more muted near-term revenue growth and operating margin projections, partially offset by the time value of money.

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