IDEX Corporation (NYSE: IEX) Chairman, President and Chief Executive Officer Dennis K. Williams told shareholders at the company’s annual meeting, “Due to weakness in the economy, we saw no significant recovery in our markets throughout the 2002 year.
IDEX Corporation (NYSE: IEX) announced it will be among the presenters at the Gabelli Pump, Valve and Motor Symposium.
Sales, Earnings and Cash Flow Improve, 2003 Performance Depends on Strength of the Economy
IDEX Corporation (NYSE: IEX) reported that orders, sales, net income, earnings per share and cash flow improved for the year ended December 31, 2002.
IDEX Corporation (NYSE: IEX) today announced a secondary public offering of 1.35 million shares of its common stock. All of the shares are being offered by KKR Associates, L.P. This offering will not increase the number of IDEX shares outstanding, and IDEX will not receive any proceeds from this offering. Banc of America Securities LLC will act as sole book running underwriter for the offering.
IDEX Corporation (NYSE: IEX) announced that it expects fourth quarter 2002 sales and orders each to be approximately $190 million and net income to be in the range of $11.5 to $12.5 million, or 35-38 cents per diluted share.
IDEX Corporation (NYSE: IEX) today announced that Kimberly K. Bors, 42, has been appointed vice president – human resources for the corporation. She replaces Jerry N. Derck, 55, who retires at the end of January. Bors will report to Dennis K. Williams, IDEX’s chairman, president and chief executive officer.
IDEX Corporation reported that orders, sales and earnings for the three months ended September 30, 2002, significantly improved from the same quarter last year but were slightly below this year’s second quarter levels. Diluted earnings per share for the just completed quarter were 45 cents.
IDEX Corporation announced that Mark F. McDonald has been named president of its Rheodyne business unit. McDonald, 52, succeeds James C. Noonan, whose plan to leave was announced in July when IDEX acquired Rheodyne. McDonald will report to Jeffrey L. Hohman, president – precision flow products.
IDEX Corporation announced James S. Dahlke has been named vice president – group executive for pumps. Dahlke succeeds Rodney L. Usher, who is retiring at the end of this year.
IDEX Corporation (NYSE: IEX)reported that orders, sales and earnings for the three months ended June 30, 2002, improved from first quarter levels but were lower than the second quarter last year. Diluted earnings per share for the quarter were 48 cents.
