IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Idex Earnings: Strong Organic Order Increase in Health and Science Technologies

Krzysztof Smalec

Oct 30, 2024

Wide-moat-rated Idex’s third-quarter organic sales remained flat from the prior-year period, as growth in fluid and metering technologies as well as fire and safety and diversified products was offset by a decline in health and science technologies. Although nothing in the earnings release materially alters our long-term thesis, we’ve raised our fair value estimate to $226 from $222, mostly due to time value of money since our last update.

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IDEX Corp

Idex Earnings: Strong Organic Order Increase in Health and Science Technologies

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