Industrials
Specialty Industrial Machinery
$15.68B
8.8K
Key insights and themes extracted from this filing
Net sales increased by 1% YoY to $798.2 million, but organic net sales were flat. This indicates that the growth is primarily driven by acquisitions rather than organic expansion. The Health & Science Technologies segment experienced market softness, resulting in lower sales volumes.
Net income attributable to IDEX decreased by 43% YoY to $119.1 million. This decline is attributed to various factors, including the gain on sale of business in the prior year and market conditions.
Gross margin increased slightly from 44.1% to 44.3%. This increase is attributed to strong price/cost and favorable operational productivity, offset by higher employee-related costs and unfavorable mix.