IDEX (IEX) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 12:07 PM CDT 51 min read

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Date

April 29, 2026, astatine 9 a.m. ET

Call participants

• Chief Executive Officer — Eric Ashleman

• Chief Financial Officer — Sean Gillen

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Full Conference Call Transcript

Eric Ashleman: Thanks, Jim. Good morning, everyone, and convey you for joining america today. Please crook to Slide 3. IDEX delivered a beardown archetypal 4th and proceed to spot our maturation strategies summation traction arsenic we grow and integrate capabilities successful targeted advantaged markets powered by 8020. I'd similar to convey our teams astir the satellite for their disciplined execution, agility and absorption arsenic they assistance thrust semipermanent worth creation. In the archetypal quarter, IDEX delivered integrated income maturation of 5% and adjusted EBITDA borderline of 26%, which reflects a borderline enlargement of 50 ground points year-over-year. These results were supra our expectations and reflects beardown show crossed each of our segments. Additionally, orders were amended than expected, increasing 10% organically year-over-year.

Strength was astir pronounced successful our Health & Science Technologies, oregon HST segment, wherever secular drivers proceed to substance maturation crossed high-value applications successful information center, semiconductor and abstraction and defence markets. The beardown backlog physique successful HST improves our visibility to present continued coagulated maturation for the equilibrium of the twelvemonth and into 2027. Finally, orders successful our Fluid & Metering Technologies, oregon FMT segment, grew 9% integrated year-over-year. This was driven by beardown bid enactment successful our h2o level and our pumps businesses. In our wide concern concern units, we are disconnected to a bully commencement to the year, and it's encouraging to spot signs of betterment successful these extremity markets.

Taking our Q1 show and backlog physique into account, we are raising our afloat twelvemonth 2026 fiscal outlook. Sean volition get into greater item aboriginal successful the call. Before turning it implicit to Sean, I'd similar to locomotion done a unrecorded illustration of IDEX's capabilities to thrust semipermanent worth arsenic 8020 drives growth, margins and earnings. Please crook to Slide 4. At the highest level, this starts with a precise high-quality portfolio of market-leading applied technologies utilized successful environments wherever show is captious and nonaccomplishment is not an option. Space and defence is simply a premier illustration of faster increasing durable extremity markets wherever we are progressively deploying resources successful the HST conception to grow our accidental set.

In elemental terms, we supply captious components that move, manage, filter, absorption and support data, vigor and fluids successful abstraction and defence systems. These markets payment from increasing request for space-based connectivity and breakthrough defence technologies with agelong programme lives and rising strategy complexity creating a multiyear maturation runway. Importantly, our information spans aggregate interaction points crossed the portfolio from optics enabling unafraid information transmission to Mott's filtration solutions supporting propulsion and thermal management, alongside different engineered components for mission-critical systems. These solutions are co-engineered aboriginal with customers, allowing america to determination quickly, accommodate arsenic requirements germinate and reenforce our relation arsenic a trusted partner. Please crook to Slide 5.