IDEX CORP DE
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 2. Properties
The Company conducts business at plants and offices that can be owned or leased and located in the U.S. or outside the U.S., with square footage primarily in Germany (12%), India (8%), the Netherlands (6%), the U.K. (6%), Italy (3%), Canada (3%), China (2%) and Switzerland (1%). Management considers its facilities suitable and adequate for the Company’s operations and believes it has ample capacity in its plants and equipment to meet demand increases for future growth in the intermediate term, especially given its operational improvement initiatives that usually increase capacity.
A summary of properties used by the Company’s operations as of December 31, 2023 are shown in the following table:
| Square footage (in millions) | |||||
|---|---|---|---|---|---|
| Location · Owned/Leased | |||||
| Total | Domestic | International | Owned | Leased | |
| Fluid & Metering Technologies | 2.0 | 1.4 | 0.6 | 1.4 | 0.6 |
| Health & Science Technologies | 2.1 | 1.1 | 1.0 | 0.5 | 1.6 |
| Fire & Safety/Diversified Products | 1.1 | 0.6 | 0.5 | 1.0 | 0.1 |
| Other(1) | 0.6 | 0.1 | 0.5 | 0.4 | 0.2 |
| Total | 5.8 | 3.2 | 2.6 | 3.3 | 2.5 |
(1) Other includes shared service locations as well as the Company’s executive office, which occupies 40,261 square feet of leased space in Northbrook, Illinois and 16,268 square feet of leased space in Chicago, Illinois.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.