IDEX CORP /DE/ (IEX)

IDEX Corporation is a global applied solutions provider serving niche markets with mission-critical components. It conducts substantially all of its business through more than 50 wholly-owned subsidiaries that operate with a high degree of autonomy but share a common philosophy, The IDEX Difference, which embraces the 80/20 principle and a focus on customers. The company was incorporated in Delaware in 1987 and grows through organic initiatives and strategic acquisitions.

IDEX has three reportable segments. Health & Science Technologies (about 43% of 2025 segment net sales) makes precision fluidics, optics, microfluidics, pneumatic products, sealing solutions, porous metal components, and powder and liquid processing equipment through the Scientific Fluidics & Optics, Performance Pneumatic Technologies, Sealing Solutions and Material Processing Technologies units. Fluid & Metering Technologies (about 35%) makes positive displacement pumps, flow meters, small volume provers, valves, injectors and terminal automation systems, and provides wastewater flow monitoring and underground surveillance services, through the Pumps, Water, Energy, Agriculture and Valves units. Fire & Safety/Diversified Products (about 22%) makes firefighting pumps, valves and controls, hydraulic rescue tools, lifting bags, paint dispensing and mixing equipment, and BAND-IT stainless steel banding and clamping systems.

IDEX serves a wide range of end markets, including life sciences, semiconductor, chemical, energy, water and wastewater, food and pharmaceutical processing, agriculture, fire and rescue, and general industrial, automotive and aerospace applications. Customers include original equipment manufacturers, independent distributors, municipalities, industry, and public and private fire and rescue organizations. No customer accounted for more than 3% of 2025 net sales. Sales were 51% domestic and 49% international.

The company has manufacturing, sales, distribution, service or administrative facilities in more than 20 countries, with non-U.S. businesses primarily in the United Kingdom, Germany, the Netherlands, Canada, Italy, China and India. It also has production facilities in China and India supporting multiple business units. Raw materials and components are bought from many independent sources worldwide, and IDEX manufactures many of its own parts. It is a primarily short-cycle business, so backlog is not a significant factor. IDEX competes with a variety of U.S. and foreign companies on product quality, engineering, product development, customer specifications, post-sale support, delivery and distribution effectiveness. It had approximately 8,700 employees at December 31, 2025.