Plus   Neg

IDEX Corp. Q1 adjusted earnings Beat Estimates

IDEX Corp. (IEX) revealed earnings for its first quarter that climbed from the same period last year.

The company's profit totaled $98.96 million, or $1.27 per share. This compares with $75.89 million, or $0.99 per share, in last year's first quarter.

Excluding items, IDEX Corp. reported adjusted earnings of $100.22 million or $1.29 per share for the period.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $612.32 million from $553.55 million last year.

IDEX Corp. earnings at a glance:

-Earnings (Q1): $100.22 Mln. vs. $79.17 Mln. last year.
-EPS (Q1): $1.29 vs. $1.03 last year.
-Analysts Estimate: $1.24
-Revenue (Q1): $612.32 Mln vs. $553.55 Mln last year.

Full year EPS guidance: $5.05 - $5.20

For comments and feedback contact: editorial@rttnews.com

Follow RTT