IDEX CORP DE
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
IEX$236.90+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(in millions, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $798.2 | $793.4 | $2,405.9 | $2,485.0 |
| Cost of sales | 444.3 | 443.8 | 1,327.8 | 1,374.9 |
| Gross profit | 353.9 | 349.6 | 1,078.1 | 1,110.1 |
| Selling, general and administrative expenses | 182.9 | 165.9 | 560.8 | 529.9 |
| Restructuring expenses and asset impairments | 3.0 | 4.1 | 5.4 | 8.2 |
| Operating income | 168.0 | 179.6 | 511.9 | 572.0 |
| Gain on sale of business | 0.6 | (93.8) | (4.0) | (93.8) |
| Other expense (income) – net | 2.7 | (2.1) | — | 5.6 |
| Interest expense – net | 10.3 | 13.7 | 27.8 | 40.1 |
| Income before income taxes | 154.4 | 261.8 | 488.1 | 620.1 |
| Provision for income taxes | 35.5 | 52.8 | 106.7 | 132.8 |
| Net income | 118.9 | 209.0 | 381.4 | 487.3 |
| Net loss attributable to noncontrolling interest | 0.2 | 0.1 | 0.4 | 0.2 |
| Net income attributable to IDEX | $119.1 | $209.1 | $381.8 | $487.5 |
| Earnings per common share: | ||||
| Basic earnings per common share attributable to IDEX | $1.57 | $2.76 | $5.03 | $6.44 |
| Diluted earnings per common share attributable to IDEX | $1.57 | $2.75 | $5.02 | $6.42 |
| Share data: | ||||
| Basic weighted average common shares outstanding | 75.7 | 75.6 | 75.7 | 75.6 |
| Diluted weighted average common shares outstanding | 75.9 | 75.9 | 75.9 | 75.9 |
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