IDEX Corporation is an applied solutions provider serving niche markets worldwide. The company's core business involves creating trusted solutions that are mission-critical components in everyday life. IDEX operates through over 50 wholly-owned subsidiaries, focusing on solving challenging applied technology problems. The company emphasizes organic growth, strategic acquisitions, and capital allocation. IDEX operates globally, with a focus on customer service.

• Employees: 8,800 (as of December 31, 2023)
• Geographic Footprint: More than 20 countries
• Headquarters: Northbrook, Illinois
• Founded: September 24, 1987
• Revenue: $3.27 billion (FY2023)
• Key Subsidiaries/Brands: Viking Pump, Warren Rupp, ABEL, iPEK, Envirosight, WinCan, Liquid Controls, SAMPI, Toptech, Richter, Aegis, Alfa Valvole, OBL, Banjo, KZValve, IDEX Health & Science, Precision Polymer Engineering, Gast, Airtech, Quadro, Steridose, Fitzpatrick, Microfluidics, Matcon, BAND-IT, and others

• CEO: Eric D. Ashleman
• CFO: Abhishek Khandelwal
• Senior Vice President, General Counsel and Corporate Secretary: Lisa M. Anderson
• Senior Vice President, Chief Human Resources Officer: Melissa S. Flores
• Senior Vice President, Strategy and Corporate Development: Roopa Unnikrishnan

Eric D. Ashleman has served as President and Chief Executive Officer since December 2020. Abhishek Khandelwal rejoined IDEX as Senior Vice President and Chief Financial Officer in November 2023. Lisa M. Anderson has served as Senior Vice President, General Counsel and Corporate Secretary since February 2022. Melissa S. Flores has served as Senior Vice President and Chief Human Resources Officer since February 2021. Roopa Unnikrishnan has served as Senior Vice President, Strategy and Corporate Development since March 2022.

• Annual Revenue: $3.27 billion (FY2023)
• Net Income: $596.1 million (FY2023)
• Market Cap: $16.27 billion (as of June 30, 2023)
• Total Assets: $5.87 billion (as of December 31, 2023)
• Employees: 8,800 (as of December 31, 2023)
• Key Financial Highlights: Net sales increased by 3% and Adjusted EBITDA increased by 2% year-over-year. Cash flows from operating activities were $716.7 million, with free cash flow of $626.8 million (FY2023).

IDEX offers a wide range of products and services across its segments:

• Fluid & Metering Technologies (FMT): Positive displacement pumps, valves, flow meters, injectors, and fluid-handling systems.
• Health & Science Technologies (HST): Precision fluidics, powder and liquid processing technologies, micro-precision components, and sealing solutions.
• Fire & Safety/Diversified Products (FSDP): Firefighting pumps, rescue tools, stainless steel banding, and dispensing equipment.

IDEX operates through three main segments:

• Fluid & Metering Technologies (FMT): 38% of net sales and 42% of Adjusted EBITDA (FY2023)
• Health & Science Technologies (HST): 40% of net sales and 37% of Adjusted EBITDA (FY2023)
• Fire & Safety/Diversified Products (FSDP): 22% of net sales and 21% of Adjusted EBITDA (FY2023)

IDEX focuses on organic growth, strategic acquisitions, and capital allocation. The company aims to deliver innovative solutions and improve customer outcomes. Key strategic initiatives include investments in new technologies and expanding its global footprint. The company is focused on delivering products and services to customers and continues to actively manage inventory levels.

IDEX operates in highly competitive markets. The company competes on product quality, design, engineering capabilities, product development, customer specifications, post-sale support, delivery timeliness, and distribution effectiveness. Key competitors include Dover Corporation, Ingersoll Rand, Parker Hannifin, and others, depending on the specific business segment. IDEX serves diverse end markets including industrial, fire and safety, energy, life sciences, water and wastewater treatment, semiconductor, automotive, analytical instruments, food and pharmaceuticals, paint, agriculture and chemical.

• Market Risks: Competition, economic conditions, and fluctuations in industrial activity and capital spending.
• Operational Risks: Supply chain disruptions, integration of acquisitions, and cybersecurity incidents.
• Financial Risks: Currency exchange rate fluctuations, interest rate volatility, and changes in commodity prices.
• Regulatory Risks: Compliance with environmental, trade, labor, and anti-bribery laws.