IDEX Corporation (NYSE:IEX) has reported consistent financial growth over the past few years. Their
quarterly earnings calls have revealed several consecutive quarter profits, and their Free Cash Flow growth over the last three years currently stands at 6.80%. This has led to substantial returns to the
investors, who have seen a return of 26% over the past five years and a 45% gain if they had invested five years ago. IDEX has completed valuable acquisitions like
Mott Corporation and
STC Material Solutions, thus enhancing their technological prowess and expanding their product portfolio. Despite certain headwinds, the company maintains a strong outlook, and is projecting a
demand revival that will boost its 2024 profit outlook. Furthermore, IDEX has consistently declared
regular quarterly cash dividends, maintaining a strong position in the market. Some experts also argue that IDEX has been undervalued by up to 31%, indicating potential for growth. Major transformations in the leadership team have been reported, like the appointment of
Abhi Khandelwal as SVP, Chief Financial Officer, and appointment of new board members, bringing new insights and expertise.
Idex Corporation IEX News Analytics from Tue, 08 Oct 2013 07:00:00 GMT to Sat, 11 Jan 2025 02:59:36 GMT -
Rating 7
- Innovation 5
- Information 5
- Rumor -3
