IDEX Corporation (IEX) has been underperforming in recent times, but it shows
increasing profits year-over-year in Q2. While earnings were above analysts' expectations, sales were not. The detailed
Q2 results and
SWOT analysis demonstrate some weaknesses, but also important opportunities and strengths. There is a notable
adjusted EPS decline, but IDEX bears good news with a new
$1 billion acquisition of Mott Corporation. Despite mixed results, IDEX continues to pay its regular quarterly cash dividends. It also secures a substantial investment of $10.86 million from
SG Capital Management. Some analysts recommend retaining IDEX in portfolios and even predict opportunities for buying. However, the
cut in FY24 adjusted EPS view reflects potential concerns. Several investments and trades mark the fluid movement of IDEX stocks. More recently, IDEX confirmed the
full 2024 year guidance and introduced Abhi Khandelwal as the new
Chief Financial Officer.
Idex Corporation IEX News Analytics from Tue, 20 Sep 2022 00:02:00 GMT to Sat, 03 Aug 2024 21:47:25 GMT -
Rating -4
- Innovation 3
- Information 7
- Rumor -1