IDEX Corp. (IEX) reported that its fourth-quarter net income was $33.09 million or $0.40 per share, compared to $22.48 million or $0.27 per share in the same quarter last year.
Adjusted earnings per share were $0.43, up from $0.38 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $343.34 million, compared to $355.31 million in the prior year quarter. Nine analysts had consensus revenue estimate of $325.45 million for the quarter.
For first quarter 2010, the company expects earnings per share to be in the range of $0.40 to $0.42. Analysts expect the company to report earnings of $0.39 per share.
For the full year 2010, the company expects organic revenue growth of approximately 2% - 4% resulting in EPS of $1.63 to $1.73. Organic growth higher than 4 percent will be dependent on the extent and sustainability of second half 2010 economic recovery. Analysts expect the company to report earnings of $1.68 per share for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.