Idex Corporation · NYSE:IEX
Idex — Q1 2017 Earnings Presentation
10 slides from Idex's earnings presentation, Apr 20, 2017
Slide 1: Reconciliations of the Change in Net Sales to Net Organic Sales
Table 1: Reconciliations of the Change in Net Sales to Net Organic Sales For the Quarter Ended March 31, 2017 FMT HST FSDP IDEX Change in net sales 2% T% 31% 10% - Net impact from acquisitions/divestitures (3%) 5% 33% T% - Impact from FX (1%) (3%) (3%) (2%) Change in net organic sales 6% 5% 1% 5%
Slide 2: Reconciliations of Reported-to-Adjusted Operating Income and Margin
Table 2: Reconciliations of Reported-to-Adjusted Operating Income and Margin (dollars in thousands) Reported operating income (los) +Restructuring expenses Adjusted operating income (loss) Net sales (eli ations) Operating margin Adjusted operating margin Forthe Quarter Ended March 31, 2017 2016) FMT
Slide 3: Reconciliations of Reported-to-Adjusted Net Income and EPS
Table 3: Reconciliations of Reported-to-Adjusted Net Income and EPS (in thousands, except EPS) For the Quarter Ended March 31, 2017 2016 Reported net income $ 75,899 $68,130 +Restructuring expenses 4,797 - +Tax impact on restructuring expenses (1,529) - Adjusted net income $ 79,167 $68,130 Reported
Slide 4: Reconciliations of EBITDA to Net Income
Table 4: Reconciliations of EBITDA to Net Income (dollars in thousands) For the Quarter Ended March 31, 2017 2016) FMT HST FSDP Corporate 1DEX FMT HST FSDP Corporate DEX Operating income (loss) $ 57,813 $§ 42238 $ 32626 $ (17,006) $ 195,671 S$ 51,703 $ 40,682 $ 25,654 § (14,694) § 103,345 - Other (i
Slide 5: Reconciliations of EBITDA to Adjusted EBITDA
Table 5: Reconcil jations of EBITDA to Adjusted EBITDA (dollars in thousands) Forthe Quarter Ended March 31, 2017 2016) FMT HST FSDP Corporate IDEX FMT HST FSDP _Comorate DEX EBITDA $ 63427 $§ 53,359 $ 36,167 $ (16,282) $ 136671 § 58824 § 51,933 § 26976 § (14,475) § 123258 +Restructuring expenses 1,
Slide 6: Conference Call to be Broadcast over the Internet
Conference Call to be Broadcast over the Internet IDEX will broadcast its first quarter earnings conference call over the Internet on Thursday, April 20, 2017 at 9:00 a.m. CT. Chairman and Chief Executive Officer Andy Silvernail and Senior Vice President and Chief Financial Officer William Grogan wi
Slide 7: Condensed Consolidated Statements of Operations
IDEX CORPORATION Condensed Consolidated Statements of Operations {in thousands except per share amounts) (unaudited) Quarter Ended March 31, 2017 2016) Net sales $ 553,552 $§ 502,572 Cost of sales 302,644 279,237 Gross profit 250,944 223,335 Selling, general and administrative expenses 130,473 119,9
Slide 8: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in thousands) (unaudited) March 31, December 31, 2017 2016 Assets Current assets: Cash and cash equivalents $ 216,095 $ 235,964 Receivables - net 294,707 272,813 Inventories 257,900 252,859 Other current assets 54,978 61,085 Total current assets 823,680 822,721
Slide 9: Condensed Consolidated Statements of Cash Flows
IDEX CORPORATION Condensed Consolidated Statements of Cash Flows {in thousands) (unaudited) Quarter Ended March 31, 2017 2016 Cash flows from operating activities Net income $75,899 S 68,130 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortizati
Slide 10: Company and Segment Financial Information - Reported
IDEX CORPORATION ‘Company and Segment Financial Information - Reported (dollars in thousands) (unaudited) Quarter Ended March 31, 2017 2016" Fluid & Metering Technologies Net sales $ 21670 $211,843 ‘Operating income ™ 87,813 81,703 Operating margin 261 % 24.4 % EBITDA $ 63,427 8 58,824 EBITDA margin