IDEX (IEX) Q1 Earnings Surpass Estimates, Revenues Down Y/Y
IEXIDEX(IEX) Zacks Investment Research·2024-04-24 21:41

IDEX Corporation’s (IEX) first-quarter 2024 adjusted earnings of 1.88persharesurpassedtheZacksConsensusEstimateof1.88 per share surpassed the Zacks Consensus Estimate of 1.75. The bottom line decreased approximately 10.1% from the year-ago quarter’s figure of 2.09.However,itexceededmanagementsprojectionof2.09. However, it exceeded management’s projection of 1.70-1.75pershare.RevenueDetailsInthequarterunderreview,IDEXsnetsalesof1.75 per share. Revenue Details In the quarter under review, IDEX’s net sales of 800.5 million underperformed the Zacks Consensus Estimate of $805 million. The top line also decreased 5.3% year over year. Organic sales in the quarter d ...