IDEX (IEX) to Benefit From Business Strength Amid Headwinds
IDEX(IEX) ZACKS·2024-06-13 20:16
IDEX Corporation (IEX) has been benefiting from strong performance of the Fire & Safety/Diversified Products (FSDP) segment, driven by increasing orders from industrial and municipal markets. Solid demand for products in the fire & safety and Band-It businesses is driving the FSDP segment’s revenues, of late. In the first quarter of 2024, the segment’s revenues increased 2% on a year-over-year basis. Driven by strength across its businesses, the company expects its overall organic revenues growth to be 0-2% ...