Slide 1: IDEX Corporation Fourth Quarter 2009 Earnings Release
IDEX Corporation Fourth Quarter 2009 Earnings Release February 4, 2010
Slide 2: Agenda
Agenda • Q4 and FY 2009 Summary • Q4 2009 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety • 2010 Guidance Update • Q&A
Slide 3: Replay Information
Replay Information Dial toll-free: 888.203.1112 International: 719.457.0820 Conference ID: #7923468 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: Q4 and FY 2009 Financial Performance
Q4 and FY 2009 Financial Performance Q4 ‘09Q4 ‘08Var 2009 2008 Var Orders $348 $336 4% $1,342 $1,493 (10)% - Organic - (13)% Sales $343 $355 (3)% $1,330 $1,489 (11)% - Organic (7)% (14)% Adj. Op Margin* 16.4% 14.2% 220bp 15.0% 17.1% (210)bp Adj. EBITDA* $71 $65 9% $258 $308 (16)% Adj. EPS* $.43 $.38
Slide 6: Fluid & Metering
Fluid & Metering Q4 ‘09Q4 ‘08Change Orders $172.0 $168.0 2% Sales $170.2 $179.2 (5)% - Organic (9)% - Acquisition 1% - Currency 3% Operating Margin * 17.9% 16.3% 160bp Op Margin excl acq* 18.1% 16.3% 180bp *Op Margin excludes restructuring expense in both Q4’09 and Q4’08 2010 Outlook Energy & Water
Slide 7: Health & Science
Health & Science Q4 ‘09Q4 ‘08 Change Orders $84.1 $76.8 10% Sales $80.2 $77.8 3% - Organic 1% - Acquisition 2% Operating Margin * 22.2% 18.0% 420bp Op Margin excl acq* 21.9% 18.0% 390bp *Op Margin excludes restructuring expense in both Q4’09 and Q4’08 2010 Outlook Core analytical instrumentation mar
Slide 8: Dispensing Equipment
Dispensing Equipment Q4 ‘09Q4 ‘08 Change Orders $23.3 $23.7 (2)% Sales $23.2 $25.7 (10)% - Organic (17)% - Currency 7% Operating Margin* 12.3% (5.9)% n/m *Op Margin excludes restructuring expense in both Q4’09 and Q4’08 2010 Outlook Order activity in North American retail channel and European market
Slide 9: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products Q4 ‘09 Q4 ‘08 Change Orders $69.9 $69.6 1% Sales $70.2 $73.4 (4)% - Organic (8)% - Currency 4% Operating Margin* 25.5% 24.5% 100bp *Op Margin excludes restructuring expense in both Q4’09 and Q4’08 2010 Outlook Strong global activity in rescue tools N.A. fire supp
Slide 10: 2010 Guidance Summary
2010 Guidance Summary Q1 2010 EPS estimate range: $0.40 — $0.42 Organic growth up 2-3% Positive Fx impact of ~3% to sales (at current rates) FY 2010 EPS estimate range: $1.63 — $1.73 Organic growth up 2 — 4% Operating margins of 15.7% — 16.2% Positive Fx impact of ~1% to sales (at current rates) Tax
Slide 11: Q&A
Q&A