What is IDEX's latest dividend and current dividend yield?

What factors drove the changes in IDEX's revenue and profit?

What is the revenue and EPS growth rate for IDEX year over year?

What is IDEX's gross profit margin?

What were the key takeaways from IDEX’s earnings call?

What were the key takeaways from IDEX's earnings call?

What does IDEX do and what are its main business segments?

What guidance did IDEX's management provide for the next earnings period?

- **Phase III Growth**: 5% organic revenue growth driven by HST (10%) and FMT (4%), with HST margin up 120bps. 
- **Cash Flow & Buybacks**: $189M free cash flow,2 $175M shares repurchased YTD. 
- **026 Outlook**: HST incrementals 35-40%, FMT 20-25%, FSDP 0-5%. 
- **Pricing & Savings**: 3.5% Q3 price realization, $60M+ annual savings. 
- **Strategic Focus**: Bolt-on M&A (e.g., Micro-Lam) and 8020-driven integration of growth platforms. 


**【CEO Summary Section】**
- IDEX is in Phase III of its evolution, focusing on high-growth markets like data centers, water solutions, and semiconductor MRO. 
- Q3 organic revenue grew 5%, driven by HST (10% growth). 
- HST% growth) and FMT (4 margin expanded 120bps due to volume leverage and cost savings. 
- FSDP faced softness in Fire & Safety and Dispensing, but FMT's intelligent water platform delivered strong municipal demand. 
- Company expects to deliver on 2025 guidance of $7.86-$7.91 EPS, with HST offsetting FSDP challenges. 

**【CFO Financial Commentary】**
- Q3 free cash flow: $189M (123% of adjusted net income). 
- Platform optimization and cost containment saved $17M, on track for $60M+ annual savings. 
- Share buybacks: $175M YTD, with $1B authorization. 
- Gross leverage: 2.1x, targeting under7.9 2.0x. 
- 2025 guidance narrowed to $7.86-$1 EPS, reflecting HST strength and FSDP headwinds. 

**【Q&A Highlights】**
- **Macro Environment**: CEO notes fragmented industrial demand, stable but no inflection. Data centers and water solutions show resilience. 
- **Order Visibility**: 50% booked at quarter start, limiting visibility. 
- **Government Funding**: European and Asian delays impact Fire & Safety, but US fire OEMs remain strong. 
- **2026 Outlook**: HST incrementals 35-40%, FMT 20-25%, FSDP 0-5%. 
- **Pricing**: 3.5% Q3 price realization, targeting 2%+ in 2026. 
- **M&A**: Focused on bolt-ons (e.g., Micro-Lam) to integrate with growth platforms. 
- **Margin Leverage**: 30-40% incremental margins across segments, higher in HST. 
- **Cost Savings**: $60M+ annual savings, with $42M structural and $18M discretionary. 
- **Share Repurchases**: Accelerated to $175M YTD, targeting 80%+ free cash flow return. 


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