IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$635.00	Xpdxjnd	Jyznqngdq

Idex Earnings: Strong Results Given Headwinds in Health and Science Technologies

Krzysztof Smalec

Feb 7, 2024

Narrow-moat-rated Idex ended 2023 with a solid fourth quarter, as its full-year revenue of $3.3 billion and adjusted EPS of $8.22 both came in above our estimates of $3.2 billion and $8.16. After rolling our model forward one year, we’ve raised our fair value estimate to $219 from $215, which reflects our updated near-term outlook as well as time value of money.

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