Idex Corporation · NYSE:IEX
Idex — Q3 2009 Earnings Presentation
11 slides from Idex's earnings presentation, Oct 21, 2009
Slide 1: IDEX Corporation Third Quarter 2009 Earnings Release
IDEX Corporation Third Quarter 2009 Earnings Release October 20, 2009
Slide 2: Agenda
Agenda Q3 2009 Summary Q3 2009 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety 2009 Guidance Update Innovation Update Q&A
Slide 3: Replay Information
Replay Information Dial toll-free: 888.203.1112 International: 719.457.0820 Conference ID: #2354138 Log on to: www.idexcorp.com
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act
Cautionary Statement Under the Private Securities Litigation Reform Act This presentation and discussion will include forward-looking statements. Our actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause those
Slide 5: Q3 2009 Financial Performance
Q3 2009 Financial Performance Q3 ‘09Q3 ‘08Var Orders $ 339 $ 353 (4)% Sales $ 323 $ 365 (12)% Adj. Op Margin* 15.2% 18.1% (290)bp Adj. EBITDA* $ 65 $ 80 (19)% Adj. EPS* $ .39 $ .52 (25)% FCF $ 78 $ 67 15% *Q3’09 adjusted for $2.8M of restructuring; Q3’08 adjusted for $5.3M of Solid Operating Margins
Slide 6: Fluid & Metering
Fluid & Metering Q3 ‘09Q3 ‘08Change Orders $ 170.2 $ 172.4 (1)% Sales $ 156.9 $ 170.3 (8)% - -Organic (19)% - -Acquisition 12% - -Currency (1)% Operating Margin* 16.8% 20.7% (390)bp Op Margin excl acq* 18.4% 20.7% (230)bp *Op Margin excludes restructuring expense in both Q4 Outlook Q4’09 vs Q3’09: E
Slide 7: Health & Science
Health & Science Q3 ‘09Q3 ‘08Change Orders $ 75.5 $ 76.4 (1)% Sales $ 76.1 $ 82.9 (8)% - -Organic (13)% - -Acquisition 6% - -Currency (1)% Operating Margin* 20.1% 21.3% (120)bp Op Margin excl acq* 19.7% 21.3% (160)bp *Op Margin excludes restructuring expense in Q4 Outlook Q4’09 vs Q3’09: Core analyt
Slide 8: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products Q3 ‘09Q3 ‘08 Change Orders $ 64.3 $ 74.7 (14)% Sales $ 65.5 $ 81.2 (19)% - -Organic (16)% - -Currency (3)% Operating Margin* 24.4% 25.3% (90)bp *Op Margin excludes restructuring expense in both Q3’08 & Q3’09 Q4 Outlook Q4’09 vs Q3’09: Strong global activity suppo
Slide 9: 2009 Guidance Summary
2009 Guidance Summary Q4 2009 EPS estimate range*: $0.35 — $0.37 Organic growth down ~12% Positive Fx impact of ~1% to sales (at current rates) Acquisitions add ~2% to sales Tax rate = 34% FY 2009 EPS estimate range*: $1.44 — $1.46 Organic growth down ~15% Negative Fx impact of ~2% to sales (at curr
Slide 10: Innovation: New Products & Markets
Innovation New Products & Markets Energy expands presence in global markets with new skid platform for power generation applications Water / wastewater leak detection products support global water conservation initiatives Positive displacement sanitary pumps support growing food / beverage industry
Slide 11: Q&A
Q&A