Slide 1: IDEX Corporation Third Quarter 2010 Earnings Release
IDEX Corporation Third Quarter 2010 Earnings Release October 19, 2010
Slide 2: Agenda
Agenda IDEX Longer Term Outlook Q3 2010 Summary Q3 2010 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety 2010 Guidance Update Q&A 2
Slide 3: Replay Information
Replay Information Dial toll-free: 800.642.1687 International: 706.645.9291 Conference ID: #97280162 Log on to: www.idexcorp.com 3
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 thos
Slide 5: Long Term - Planning for Growth
Nearly all of our end markets have recovered well and we will exit 2010 at near pre-recession organic sales levels Solid long term opportunity for organic growth... Fluid and Metering Technologies - mid to high single digit growth Health and Science Technologies - low double digit growth Fire & Safe
Slide 6: Q3 2010 Financial Performance
Q3 2010 Financial Performance Continued Strong Growth, solid operating performance 6 *Q3 '10 adjusted for $3.5M of restructuring expense ($2.8M in Q3 '09) (M) 3Q '10 3Q '09 V '09 Orders $382.0 $338.7 13% Sales $373.7 $323.2 16% Adj. Op Margin* 17.6% 15.2% 240 bp Adj. EBITDA* $80 $65 24% Adj. EPS* $0
Slide 7: Fluid & Metering
Fluid & Metering Continued broad based growth 7 (M) 3Q '10 3Q '09 V '09 Orders $185.6 $170.2 9% Sales $176.9 $156.9 13% Segment Operating Profit* $32.7 $26.4 24% Segment Operating Margin* 18.5% 16.8% 170 bp Sales Mix: Organic +14% Acquisition +1% Fx -2% Total +13% Progress in the Quarter: (+) Water
Slide 8: Health & Science
Health & Science Firing on all cylinders 8 (M) 3Q '10 3Q '09 V '09 Orders $102.3 $75.5 36% Sales $104.3 $76.1 37% Segment Operating Profit* $24.0 $15.3 57% Segment Operating Margin* 23.0% 20.1% 290 bp Sales Mix: Organic +24% Acquisition +14% Fx -1% Total +37% Progress in the Quarter: (+) Continued s
Slide 9: Dispensing
Dispensing Cost actions and productivity delivering results 9 (M) 3Q '10 3Q '09 V '09 Orders $23.7 $29.2 (19%) Sales $26.5 $25.6 4% Segment Operating Profit* $2.7 $0.3 n/m Segment Operating Margin* 10.2% 1.2% 900 bp Sales Mix: Organic +9% Acquisition - Fx -5% Total +4% Progress in the Quarter: (-) U
Slide 10: Fire & Safety
Fire & Safety International gains offset domestic market softness 10 (M) 3Q '10 3Q '09 V '09 Orders $70.0 $64.3 9% Sales $67.0 $65.5 2% Segment Operating Profit* $17.0 $16.0 7% Segment Operating Margin* 25.4% 24.4% 100 bp Sales Mix: Organic +6% Acquisition - Fx -4% Total +2% Progress in the Quarter:
Slide 11: Outlook: 2010 Guidance Summary
Outlook: 2010 Guidance Summary Q4 2010 EPS estimate range: $0.49 - $0.51 Organic revenue growth approaching 10% Negative Fx impact of ~3% to sales (at Sep 30 rates) Positive impact of ~4% from acquisitions FY 2010 EPS estimate range: $1.95 - $1.97 Organic revenue growth of ~10% Operating margins of
Slide 12: TEX roprietary &
&A TEX roprietary & Confidential