The company said sales for Q4 2023 were $789 million, down 3% from the prior-year period (down 6% on an organic basis), and diluted EPS was $1.43, down 16%. Adjusted diluted EPS was $1.83, down 9%.

1. 01

   The company said sales for Q4 2023 were $789 million, down 3% from the prior-year period (down 6% on an organic basis), and diluted EPS was $1.43, down 16%. Adjusted diluted EPS was $1.83, down 9%.

2. 02

   IDEX said full-year 2023 sales rose 3% to $3.3 billion from the prior year (down 1% on an organic basis), and diluted EPS increased 2% to $7.85. Adjusted diluted EPS rose 1% to $8.22.

3. 03

   The company said operating cash flow for 2023 was $716.7 million, up from $557.4 million a year earlier, and free cash flow was $626.8 million, up 28%. It cited lower working capital from inventory reductions compared with 2022 as a factor.

4. 04

   The company said it completed its acquisition of STC Material Solutions on December 14, 2023, for cash consideration of $202.0 million, net of cash acquired. The entire purchase price was funded with cash on hand. STC is part of the HST segment.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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