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IDEX Corporation
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Latest analysis
Updated Oct 28, 2026
IDEX Q3 2026: 8% organic growth and 110bps margin expansion driven by AI/semiconductor demand in HST; FMT water volumes rising, energy/ag soft
IDEX delivered Q3 2026 net sales of $951.7 million, up 8% organically, with diluted EPS of $1.95 (reported) and $2.33 (adjusted), each up 15% year-over-year. HST led with 13% organic growth and 110bps Adjusted EBITDA margin expansion, powered by AI data center, semiconductor, and space/defense demand, while FMT posted 4% organic growth on municipal water and semiconductor strength, partially offset by weakness in chemical, energy, and agriculture end markets. Consolidated Adjusted EBITDA margin expanded to 27.8% in Q3 2026 from 27.3% a year ago, with management citing continuous improvement, 80/20 discipline, and measured pricing as the primary drivers.
Tone: bullishRevenue
$3.5B
IEX 10-K · FY 2025
Employees
8,700
Revenue growth YoY
+6%
Founded
1987
Profile
IEX 10-K Item 1 · Feb 19, 2026IDEX Corporation is a global applied solutions provider that designs, manufactures and distributes precision fluidics, pumps, sealing solutions, fire safety equipment and other mission-critical components for niche industrial, health and science, and safety markets worldwide. The company operates through three reportable segments — Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety/Diversified Products — served by over 50 wholly-owned subsidiaries. Its decentralized operating model is guided by The IDEX Difference philosophy and the 8020 principle.
Read filing description ↓ Collapse description ↑
IDEX Corporation is a global applied solutions provider serving niche markets with mission critical components for everyday life. Substantially all of the Company's business activities are carried out through over 50 wholly-owned subsidiaries with shared values of Trust, Team and Excellence. IDEX's diverse family of businesses is committed to making trusted solutions that improve lives and is innovative and inquisitive in its quest to solve customers' most challenging applied technology problems. These businesses operate with a high degree of autonomy, yet are all united by employing The IDEX Difference, a philosophy of great teams who embrace the 8020 principle while remaining hyper-focused on serving customers. The Company has three reportable segments: Health & Science Technologies, Fluid & Metering Technologies and Fire & Safety/Diversified Products. The HST segment designs, produces and distributes a wide range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, ultra-precision diamond tools, laboratory and commercial equipment and precision photonic solutions, technical ceramics and hermetic sealing products and porous material structures and flow control solutions. The FMT segment designs, produces and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors and other fluid-handling pump modules and systems and provides flow monitoring and other services. The FSDP segment designs, produces and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems, engineered stainless steel banding and clamping devices, and precision equipment for dispensing, metering and mixing colorants and paints.
Primary products
- precision fluidics
- positive displacement pumps
- powder and liquid processing technologies
- drying systems
- micro-precision components
- pneumatic components and sealing solutions
Business segments
End markets
Geographies
“IDEX believes that each of its reporting units is a leader in its products and services.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased 6% overall versus 2024, driven by contributions from the acquisition of Mott Corporation as well as 1% organic sales growth and favorable foreign currency impacts.
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