Slide 1: First Quarter Earnings
First Quarter Earnings APRIL 19, 2016
Slide 2: Agenda
AGENDA • IDEX’s Outlook • Q1 2016 Financial Performance • Q1 2016 Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products • 2016 Guidance Detail • Q&A 1 Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiari
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13620004 • Log on to: www.idexcorp.com 2 Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures
Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other thin
Slide 5: IDEX Q1 Financial Performance
IDEX Q1 Financial Performance Sales EPS Organic: 3% decrease 6% increase $502 $503 $0.84 $0.89 $600 $1.00 $400 $0.50 $200 $0 $0.00 Q1 Q1 2015 2016 2015 2016 Operating Margin Free Cash Flow 10 bps increase 45% increase 20.3% 20.4% 21.0% $100 $62 19.0% $43 $50 17.0% 15.0% $0 Q1 Q1 2015 2016 2015 2016
Slide 6: 2016 Q1 Results Bridge
2016 Q1 Results Bridge EPS Midpoint of Q1'16 Guidance $ 0.81 Q1'16 Operational Over Performance 0.03 Q1'16 Akron Brass Contribution, net of Inventory Step-up Charge (0.01) Contingent Consideration Adjustment 0.03 Q1'16 Lower Tax Rate(1) 0.03 Reported Q1'16 Results $ 0.89 (1) The Company early adopte
Slide 7: Fluid & Metering
Fluid & Metering Orders Sales Operating Margin Organic: 6% decrease Organic: 5% decrease 130 bps decrease $222 $215 $218 25.6% $300 $300 $212 26.0% 24.3% $200 $200 24.0% $100 $100 22.0% $0 $0 20.0% Q1 Q1 Q1 2015 2016 2015 2016 2015 2016 Q1 Sales Mix: Organic -5% Q1 Summary: Water Services continue
Slide 8: Health & Science
Health & Science Orders Sales Operating Margin Organic: 4% decrease Organic: 2% increase 90 bps increase $194 $191 21.8% $179 $186 $200 22.0% 20.9% $200 $150 $150 21.0% $100 $100 20.0% $50 $50 19.0% $0 $0 18.0% Q1 Q1 Q1 2015 2016 2015 2016 2015 2016 Q1 Sales Mix: Organic 2% Q1 Summary: Scientific
Slide 9: Fire & Safety / Diversified
Fire & Safety / Diversified Orders Sales Operating Margin Organic: 4% increase Organic: 6% decrease 120 bps decrease $110 $120 $150 $150 $107 $105 25.5% 30.0% 24.3% $100 $100 25.0% $50 $50 20.0% $0 $0 15.0% Q1 Q1 Q1 2015 2016 2015 2016 2015 2016 Q1 Sales Mix: Organic -6% Q1 Summary: Organic sales
Slide 10: Outlook: 2016 Guidance Summary
Outlook: 2016 Guidance Summary Q2 2016 EPS estimate range: $ 0.91 – $0.93, which includes the remaining $5.4 million pre-tax inventory step-up charge related to the acquisition of Akron Brass Organic revenue growth: Flat Operating margin: ~ 20.0% Tax rate: ~ 27.5% Fx impact: ~1.0% topline headwind,