Slide 1: First Quarter 2017 Earnings
First Quarter 2017 Earnings April 20, 2017 IDEX Proprietary & Confidential
Slide 2: Agenda
AGENDA • IDEX’s Outlook • Q1 Financial Performance • Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products • 2017 Guidance Summary • Q&A Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries IDEX Propri
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13652253 • Log on to: www.idexcorp.com Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries IDEX Proprietary & Confidential 2
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures
Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other thin
Slide 5: IDEX Q1 Financial Performance
IDEX Q1 Financial Performance (Dollars in millions, excl. EPS) Sales Adjusted EPS* Organic: 5% increase 16% increase $554 $503 $0.89 $1.03 $1.50 $600 $400 $1.00 $200 $0.50 $0 $0.00 Q1 Q1 2016 2017 2016 2017 Adjusted Operating Margin* Free Cash Flow 120 bps increase 21.8% 21% increase 20.6% $75 22.0%
Slide 6: Fluid & Metering: Outstanding rebound – organic orders up 5 percent
Fluid & Metering (Dollars in millions) Orders Sales Adjusted Operating Margin* 300 bps increase Organic: 5% increase Organic: 6% increase $217 27.4% $215 $219 $212 $300 $300 28.0% $200 24.4% $200 26.0% $100 $100 24.0% $0 $0 22.0% Q1 Q1 Q1 2016 2017 2016 2017 2016 2017 Q1 Sales Mix: Organic 6% Q1 Hig
Slide 7: Health & Science: Organic orders up 8 percent
Health & Science (Dollars in millions) Orders Sales Adjusted Operating Margin* 90 bps increase Organic: 8% increase Organic: 5% increase 22.7% $186 $200 $211 21.8% $300 $191 $250 24.0% $200 22.0% $200 $150 20.0% $100 $100 18.0% $50 $0 16.0% $0 Q1 Q1 Q1 2016 2017 2016 2017 2016 2017 Q1 Sales Mix: Org
Slide 8: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products (Dollars in millions) Orders Sales Adjusted Operating Margin* Organic: 11% decrease Organic: 1% increase 70 bps decrease $137 $139 $120 $105 24.5% $150 $150 26.0% 23.8% $100 $100 24.0% $50 $50 22.0% $0 $0 20.0% Q1 Q1 Q1 2016 2017 2016 2017 2016 2017 Q1 Sales Mix:
Slide 9: 2017 Guidance Summary
2017 Guidance Summary Q2 2017 • EPS estimate range: $1.04 - $1.06 • Organic revenue growth: 2-3% • Operating margin: ~21.5% • Tax rate: ~26.5% • FX impact: ~2% topline headwind based on March 31, 2017 FX rates • Corporate costs: ~$16M FY 2017 • EPS estimate range: $4.00 – $4.10 • Organic revenue gro