IDEX Corp. (IEX) announced third quarter net income of $29.8 million or $0.37 per share, compared to $19.9 million or $0.24 per share in the same period last year. Excluding the impact of restructuring related charges, third quarter adjusted earnings per share was $0.39.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share. Analysts' estimates typically exclude special items.
Net sales for the period were $323.2 million, compared to $365.2 million in the prior year period. Eight Wall Street analysts expected revenues of $323.57 million.
Looking forward, for the fourth quarter, the company expects earnings per share in the range of $0.35 to $0.37. Street analysts expect earnings of $0.36 per share.
For the full year, the company still expects organic revenue to decline approximately 15%. Adjusted earnings per share are now estimated to range from $1.44 to $1.46, compared to its earlier forecast in the range of $1.35 to $1.45. Street analysts expect earnings of $1.41 per share.
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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.