Slide 1: IDEX Corporation First Quarter 2010 Earnings Release
IDEX Corporation First Quarter 2010 Earnings Release April 19, 2010
Slide 2: Agenda
Agenda Q1 2010 Summary Q1 2010 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety 2010 Guidance Update Q&A 1
Slide 3: Replay Information
Replay Information Dial toll-free: 800.642.1687 International: 706.645.9291 Conference ID: #62850085 Log on to: www.idexcorp.com 2
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: Q1 2010 Financial Performance
Q1 2010 Financial Performance *Q1 '10 adjusted for $1.9M of restructuring expense ($2.3M in Q1 '09) Return to growth, solid profitability 4 Q1 '10 Q1 '09 Var Orders $370 $336 10% Sales $356 $327 9% Adj. Op Margin* 16.8% 12.7% 410 bp Adj. EBITDA* $74 $55 36% Adj. EPS* $.46 $.30 55% FCF $20 $13 50%
Slide 6: Fluid & Metering
Fluid & Metering *Op Margin excludes restructuring expense in both Q1'10 and Q1'09 Q1 2010 Highlights 14% organic orders growth, 7% organic sales growth, 18.8% operating margins Strong demand for water/wastewater services and project spend 2010 Outlook Energy & Water will continue to benefit from st
Slide 7: Health & Science
Health & Science *Op Margin excludes restructuring expense in both Q1'10 and Q1'09 Q1 2010 Highlights 27% organic orders growth, 17% organic sales growth, 21.8% operating margins Strong growth across all HST products Acquired Seals, LTD; Seals is a UK based firm producing high-performance polymer se
Slide 8: Acquisition of Seals Ltd. (April 2010)
Acquisition of Seals Ltd. (April 2010) Headquartered in Blackburn, England, with annual revenues of approximately £21 million, Seals is a leading provider of high performance seals and advanced sealing solutions Seals focuses on critical sealing applications in the most severe duty conditions Seals'
Slide 9: Dispensing Equipment
Dispensing Equipment Q1 2010 Highlights 20.1% operating margins 2010 Outlook Overall order activity in North American retail channel and European markets remain slow Cost reductions will result in reasonable profitability and strong cash flow Q1 '10 Q1 '09 Change Orders $35.4 $48.8 (27)% Sales - -Or
Slide 10: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products Q1 2010 Highlights 21.2% operating margins 2010 Outlook Strong global activity in rescue tools N.A. fire suppression down due to decline in municipal spend Band clamping markets improving Q1 '10 Q1 '09 Change Orders $61.6 $62.4 (1)% Sales - -Organic Currency $63.
Slide 11: 2010 Guidance Summary
2010 Guidance Summary Q2 2010 EPS estimate range: $0.45 - $0.47 Organic revenue growth of 5-6% Positive Fx impact of ~1% to sales (at current rates) FY 2010 EPS estimate range: $1.75 - $1.80 Organic revenue growth in mid-single digit range Operating margins of approximately 16.5% Positive Fx impact
Slide 12: Q&A
Q&A 11