IDEX Corporation Reports Record Q3 2026 Results and Raises Full-Year Guidance
IDEX Corporation (IEX) delivered record third-quarter performance for 2026, reporting net sales of $952 million, an 8% increase on both a reported and organic basis. The company achieved a record adjusted EPS of $2.33, representing a 15% year-over-year improvement. Growth was primarily driven by the HST segment, which saw 13% organic sales growth fueled by high demand in artificial intelligence applications for data centers, semiconductor markets, and space and defense sectors. Following these strong results, management raised its full-year 2026 organic growth guidance to a range of 6.5% to 6.8%. While the company faces persistent inflationary pressures and fatigue in the chemicals sector, robust demand in high-technology markets has provided significant momentum. The company also demonstrated strong capital management, executing $75 million in share repurchases during the quarter while maintaining healthy liquidity.
Topics: Adjusted EPS Guidance Raise Net Sales Organic Growth Share Repurchases