IDEX Corporation (NYSE:IEX) reported record-breaking financial results for the first quarter ended March 31, 2026, characterized by robust demand across its diversified industrial segments and significant margin expansion.
The Northbrook, Illinois-based company posted net sales of $887 million, representing a 9% increase on a reported basis and 5% organic growth compared to the prior-year period.
The quarter was highlighted by an unprecedented level of new business, with record orders totaling $988 million, a 13% reported increase.
On an organic basis, orders rose 10%, providing the company with a strong backlog heading into the second quarter.
This surge in demand was visible across IDEX’s core platforms, including Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products.
Profitability metrics showed marked improvement as the company leveraged its high-performance decentralized operating model.
Reported diluted earnings per share (EPS) hit $1.61, a 28% increase year-over-year.
On an adjusted basis, diluted EPS rose 14% to $2, reflecting strong operational execution and a favorable product mix.
Elsewhere, IDEX remained active in its capital allocation strategy during the quarter, returning a total of $129 million to shareholders.
This included $76 million in share repurchases and $53 million in dividend payments.