IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$175.00	Gzwggc	Kyygrqghm

Idex Earnings: Full-Year Outlook Maintained After Solid First Quarter

Krzysztof Smalec

Apr 24, 2024

Narrow-moat-rated Idex posted solid first-quarter results, considering headwinds in the life sciences and analytical instrumentation businesses, as its adjusted EPS of $1.88 came in above management’s guidance range of $1.70 to $1.75. While nothing in the earnings release materially alters our long-term outlook, we’ve sightly raised our fair value estimate to $220 from $219 due to time value of money. We view the name as fairly valued at current levels.

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