IDEX CORP /DE/ (IEX)

IDEX Corporation, incorporated in Delaware in 1987, is a global applied solutions provider operating through more than 50 wholly-owned subsidiaries organized into three reportable segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP), comprising 13 reporting units. The FMT segment (37% of 2022 segment net sales) designs and distributes positive displacement pumps, valves, flow meters, and fluid-handling systems for food, chemical, water/wastewater, agriculture, and energy markets through units including Pumps (Viking Pump, Warren Rupp, ABEL), Water (ADS, iPEK, Nexsight, Trebor, Pulsafeeder), Energy (AFS, Toptech, Flow MD), Valves (Alfa Valvole, OBL, Richter, Aegis), and Agriculture (Banjo, KZValve). The HST segment (42% of sales) provides precision fluidics, pumps, sealing solutions, optics, and material processing equipment for life sciences, pharmaceutical, semiconductor, and industrial markets via units such as Scientific Fluidics & Optics (IDEX Health & Science, IDEX Optical Technologies, Muon Group), Sealing Solutions (Precision Polymer Engineering, FTL Seals, Novotema, SFC Koenig, Roplan), Performance Pneumatic Technologies (Gast, Airtech), Material Processing Technologies (IDEX MPT, Matcon), and Micropump.

The FSDP segment (21% of sales) manufactures firefighting pumps, valves, rescue tools, stainless steel banding, and dispensing/mixing equipment through Fire & Safety, Dispensing, and BAND-IT businesses, serving fire/rescue, automotive, energy, and paint industries. The company operates manufacturing facilities in more than 20 countries, with significant international operations in Germany, the UK, the Netherlands, Italy, India, China, and Canada, generating 48% of total sales internationally in 2022. IDEX faces competition from companies including Dover Corporation, Ingersoll Rand, Parker Hannifin, and Waterous Company across its segments, but maintains a diversified customer base with no single customer exceeding 3% of net sales.

The company employed 8,868 people as of December 31, 2022, with approximately 4% covered by U.S. collective bargaining agreements, and emphasizes human capital initiatives including talent development, leadership training through the IDEX Academy, and tuition reimbursement programs, reporting an employee engagement index of 76%, above the manufacturing industry average.