Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call July 29, 2026
Slide 2: Cautionary Statement
Cautionary Click Here to Statement Edit Title Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements ma
Slide 3: 2Q26 Highlights
IDEX Click Here 2Q26toHighlights Edit Title Delivered better than expected results, driven by strength in data center, semiconductor, and space & defense markets Record orders of over $1 billion driven primarily by HST segment Industrial businesses increasingly signaling incremental strength - with
Slide 4: Advantaged Market Focus Driving Growth Acceleration
Advantaged market focus driving growth acceleration Represent over 33% of HST and ~20% of IDEX overall Semiconductor Space and Defense Data Centers Water Wafer positioning, instrument Optical and propulsion elements Power generation thermal Advanced solutions for water thermal management, gas for sa
Slide 5: Q2 2026 Financial Performance
Q2 Click 2026 Here Financial to Edit Title Performance ($ in millions excl. EPS) Sales Adj. EBITDA Margin* Adj. EPS* Free Cash Flow* +5% Organic* +70 bps +12% +20% Expected customer rebates Net IEEPA refunds were a Net IEEPA refunds were an IEEPA refunds received were related to IEEPA refunds were 1
Slide 6: Q2 2026: Health & Science Technologies Performance Highlights
Q2 Click 2026: HereHealth to Edit&Title ($ in millions) Science Technologies Performance Highlights Orders Sales Adj. EBITDA Margin • Momentum continues to build +47% Organic* +12% Organic* +270 bps y/y in advantaged markets; backlog increasing visibility into 2027 • Adj EBITDA% expanded driven most
Slide 7: Q2 2026: Fluid & Metering Technologies Performance Highlights
Q2 Click 2026: HereFluid to Edit ($ in millions) & Metering Title Technologies Performance Highlights Orders Sales Adj. EBITDA Margin • Order strength concentrated in +11% Organic* +1% Organic* (20) bps y/y longer lead-time areas • Organic sales strength in muni water, mining and semicon offset by e
Slide 8: Q2 2026: Fire & Safety / Diversified Products Performance Highlights
Q2 Click 2026: HereFire to Edit ($ in millions) & Safety Title / Diversified Products Performance Highlights Orders Sales Adj. EBITDA Margin • Organic order strength largely +19% Organic* (1%) Organic* (50) bps y/y due to BAND-IT blanket orders and NA Fire OEM demand • Growth in BAND-IT more than of
Slide 9: Capital Deployment
Click Here Capital to Edit Title Deployment Maintaining a balanced and returns-oriented approach Gross Leverage* Capital Deployment (’25 vs. ’26) IDEX Capital Deployment Framework ($ in millions) Maintain • Maintain investment grade 2.1x $301 flexible credit rating 1.9x balance sheet • Gross leverag
Slide 10: 2026 Guidance Summary
Click Here 2026 to Edit Guidance Title Summary FY26 FY26 3Q26 Current Previous Organic* Sales Growth y/y 5% - 7% 5% - 6% 3% - 4% Adjusted EBITDA Margin* 27.0% - 27.5% 27.0% - 27.3% 26.5% - 27.0% Adjusted EPS* $2.20 - $2.25 $8.70 - $8.85 $8.35 - $8.55 Other Modeling Items: (a) FX Impact on Sales ~(1)
Slide 11: IDEX Value Drivers
Click Value IDEX Here to Edit Title Drivers Differentiated 8020 operating model drives full business potential through simplification, focused resourcing and streamlined execution Focused on continuously evolving our portfolio toward high-growth, advantaged markets with secular tailwinds Balanced al
Slide 12: Appendix
Click Here to Edit Title Appendix
Slide 13: Appendix - IEEPA Tariff Impacts
Click Here to Edit Title Appendix - IEEPA Tariff Impacts Below is a summary of the impacts of the IEEPA tariff refunds and the related expected customer rebates discussed within this presentation: Consolidated IDEX Three Months Ended Six Months Ended (Dollars in millions, except per share amounts) J
Slide 14: Non-GAAP Reconciliations
Click Here to Edit Title Non-GAAP Reconciliations
Slide 15: Table 1: Reconciliations of the Change in Net Sales to Change in Organic Sales
Click Here to Edit Title Table 1: Reconciliations of the Change in Net Sales to Change in Organic Sales HST FMT FSDP IDEX Three Months Ended June 30, 2026 Change in net sales 14% 2% (1%) 6% Less: Net impact from acquisitions/divestitures(1) 2% —% —% 1% Impact from foreign currency(2) —% 1% —% —% Cha
Slide 16: Table 2: Reconciliations of Reported-to-Adjusted Gross Profit and Gross Margin
Click Here to Edit Title Table 2: Reconciliations of Reported-to-Adjusted Gross Profit and Gross Margin (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Gross profit $426.8 $392.2 $824.9 $761.1 Restructuring-related charges(1) $0.5 $— $0.5 $— Adjusted g
Slide 17: Table 3: Reconciliations of Reported-to-Adjusted Net Income and Diluted EPS
Click Here to Edit Title Table 3: Reconciliations of Reported-to-Adjusted Net Income Attributable to IDEX and Diluted EPS Attributable to IDEX (in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Reported net income attributable to IDEX $1
Slide 18: Footnote to Table
Click Here to Edit Title Footnote to Table 3 (1) Restructuring expenses and asset impairments and other restructuring-related charges consist of the following: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Restructuring expenses and asset impairments $2.8 $0.7 $10.2 $18.2
Slide 19: Table 4: Reconciliations of Net Income to Adjusted EBITDA
Click Here to Edit Title Table 4: Reconciliations of Net Income to Adjusted EBITDA (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Reported net income $143.4 $131.1 $263.3 $226.5 Provision for income taxes 42.7 38.8 79.8 67.9 Interest expense - net 15.
Slide 20: Table 5: Reconciliations of Cash Flows to Free Cash Flow
Click Here to Edit Title Table 5: Reconciliations of Cash Flows from Operating Activities to Free Cash Flow (dollars in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Cash flows from operating activities $200.0 $161.7 $303.7 $267.4 Less: Capital expenditures 23.0