IEX · IDEX Corporation Q2 FY2026 earnings call record财报电话会记录

“Organic sales grew 5%, adjusted EBITDA margin expanded 70 basis points year-over-year to 28.1%, and adjusted EPS grew 12% to $2.32.”

“Our fastest-growing customers are increasingly submitting orders with request dates further into the future, primarily to pre-book capacity.”

“HST again led with order growth of 47% year-over-year, while FMT orders grew 11% and FSDP orders increased 19%.”

“IDEX adjusted gross margin expanded 110 basis points to 46.4%, driven by productivity gains, volume leverage, and the net benefit of tariff refunds, partially offset by mix.”

“In HST, organic orders increased 47%, and revenue grew 12% organically.”

“FSDP orders were boosted by strong aerospace demand at BAND-IT, including a significant blanket order and continued momentum in fire and safety from North American Fire and integrated system orders.”

“Additionally, we have continued to return capital to shareholders as we paid $54 million in dividends and repurchased $77 million in shares during the second quarter.”

“For the full year of 2026, we now expect organic growth in the 5%-6% range, an increase over our previous guidance of 3%-4% organic growth.”

“Taken together, we are raising adjusted EPS guidance for 2026 from a range of $8.35-$8.55 to a range of $8.70-$8.85, representing high single-digit to low double-digit growth year-over-year.”

“For the third quarter of 2026, we expect 5%-7% organic growth, adjusted EBITDA margin in the 27%-27.5% range, and adjusted EPS of $2.20-$2.25.”

“That's a modest lift, but that's frankly us getting ready to support business in 2027 and 2028 because we have the visibility in that backlog and, most importantly, in the conversations that we're having with a customer.”

“Once you start to see that volume pick up, you would see the flow-through in these types of businesses based on their profitability being in that high 30%, 40% range.”