The company reported net sales of $798.2 million for Q3 2024 (3 months), compared with $793.4 million a year earlier. It also reported diluted EPS of $1.57 ($2.75 a year earlier) and adjusted diluted EPS of $1.90 ($2.12 a year earlier).

1. 01

   The company reported net sales of $798.2 million for Q3 2024 (3 months), compared with $793.4 million a year earlier. It also reported diluted EPS of $1.57 ($2.75 a year earlier) and adjusted diluted EPS of $1.90 ($2.12 a year earlier).

2. 02

   IDEX said it acquired Mott on September 5, 2024 for cash consideration of $986.2 million, net of $3.1 million in cash acquired. It also said it completed a public offering of 4.950% Senior Notes, totaling $500 million in principal amount, due September 2029.

3. 03

   The company reported operating cash flow of $205.3 million ($226.6 million a year earlier) and free cash flow of $191.6 million ($206.5 million a year earlier) for Q3 2024 (3 months). Free cash flow is operating cash flow less capital expenditures of $13.7 million.

4. 04

   The company provided full-year GAAP diluted EPS guidance of $6.65 to $6.70, versus prior guidance of $6.85 to $6.95, and adjusted diluted EPS guidance of $7.85 to $7.90, versus prior guidance of $7.80 to $7.90. It projected full-year organic sales to decline 1 to 2% from the prior year.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.