IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$815.00	Rwtlwl	Pbmthzsggb

Idex Posts Solid Q4 Results but 2023 Outlook Reflects Macroeconomic Uncertainty

Krzysztof Smalec

Feb 1, 2023

Narrow-moat-rated Idex ended 2022 with a solid fourth quarter, as its adjusted EPS of $2.01 beat our estimate by $0.06. After rolling our model forward one year, we’ve lowered our fair value estimate for Idex to $225 from $229, which reflects our slightly more muted near-term revenue growth and operating margin projections.

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