IDEX (IEX) Q2 Earnings Top Estimates, Sales Miss, '24 View Down
IEXIDEX(IEX) ZACKS·2024-08-01 20:35

IDEX Corporation’s (IEX) second-quarter 2024 adjusted earnings of 2.06persharesurpassedtheZacksConsensusEstimateof2.06 per share surpassed the Zacks Consensus Estimate of 2.04. The bottom line decreased approximately 6% from the year-ago quarter’s earnings of 2.18pershare.However,itexceededmanagementsprojectionof2.18 per share. However, it exceeded management’s projection of 2.00-2.05pershare.RevenueDetailsIDEXsnetsalesof2.05 per share.Revenue DetailsIDEX’s net sales of 807.2 million missed the Zacks Consensus Estimate of $831 million.  The top line also decreased 5% year over year. Organic sales decreased 4% year over year. Foreign currency ...