Filing Flows › IDEX (IEX) › Q1 2025
IDEX (IEX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
IDEX (IEX) reported revenue of $814M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was 17.4%, net earnings $95.4M (11.7% of revenue).
IDEX, Q1 2025: revenue $814M (+2% year over year), operating margin 17.4%, net earnings $95.4M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $814M | -6% | +2% |
| Gross profit | $369M | +0.5% | +3% |
| Operating profit | $142M | -14% | -12% |
| Net earnings | $95.4M | -23% | -21% |
| Operating cash flow | $106M | -39% | -33% |
| Free cash flow | $91.4M | — | -33% |
What changed
Revenue was $814.3M in Q1 2025, up 2% year over year and down 6% from the previous quarter. HST was the largest line at 42% of revenue. HST added $30.7M year over year (up 10%), 222% of the total change. FMT declined 7%.
Gross margin was 45.3%, up 0.7 points from a year earlier. Operating profit was $142.0M, a 17.4% margin (down 2.7 points year over year). Operating profit fell $19.2M even though revenue rose $13.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+1491%). Net earnings were $95.5M, down 21% year over year. The effective tax rate was 23.4%.
Operating cash flow was $105.7M (down 33% year over year), 111% of net earnings. Non-cash charges added back $49.9M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $53.2M. After capital expenditures ($14.3M), free cash flow as the company reports it was $91.4M.
Questions
What was IDEX's revenue in the first quarter 2025?
IDEX (IEX) reported revenue of $814M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before.
Was IDEX profitable in the first quarter 2025?
Operating profit was $142M (17.4% of revenue) and net earnings $95.4M.
Source: IDEX 10-Q on SEC EDGAR.