Snapshot
Idex Corp /De/ reported $887M of revenue in Q1 2026, up 8.9% year over year, with diluted EPS of $1.61 and an operating margin of 19.4%.
- Revenue
- $887M
- YoY growth
- +8.9%
- Diluted EPS
- $1.61
- Operating margin
- 19.4%
$887M
Revenue
+8.9%
YoY growth
$1.61
Diluted EPS
19.4%
Operating margin
01 Key takeaways
What management said
- •We released our first quarter financial results earlier this morning, and you can find both our press release and earnings call slide presentation in the Investor Section of our website, idexcorp.com.
- •Today's call will begin with Eric providing highlights of our first quarter results and an update on our business outlook and strategies.
- •Sean will discuss additional financial details and our updated outlook for 2026.
- •IDEX delivered a strong first quarter and continue to see our growth strategies gain traction as we expand and integrate capabilities in targeted advantage markets powered by 80/20.
- •In the first quarter, IDEX delivered organic sales growth of 5% and adjusted EBITDA margin of 26%, which reflects a margin expansion of 50 basis points year-over-year.
- •Strength was most pronounced in our Health & Science Technologies or HST segment, where secular drivers continue to fuel growth across high-value applications in data center, semiconductor, and space and defense markets.
- •The strong backlog build in HST improves our visibility to deliver continued solid growth for the balance of the year and into 2027.
- •Finally, orders in our Fluid & Metering Technologies or FMT segment grew 9% organic year-over-year.
- •Taking our Q1 performance and backlog build into account, we are raising our full year 2026 financial outlook.
- •Before turning it over to Sean, I'd like to walk through a live example of IDEX's capabilities to drive long-term value as 80/20 drives growth, margins, and earnings.
- •Space and defense is a prime example of faster-growing, durable end markets where we are increasingly deploying resources in the HST segment to expand our opportunity set.
- •These markets benefit from growing demand for space-based connectivity and breakthrough defense technologies with long program lives and rising system complexity creating a multiyear growth runway.
SourcesCompany financials · earnings call
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