- Orders increased 20 percent compared to the prior year (+11 percent organic, +10 percent acquisition and -1 percent foreign currency translation).
- Sales increased 15 percent compared to the prior year (+6 percent organic, +10 percent acquisition and -1 percent foreign currency translation).
- Reported net income of $52 million was $4 million, or 9 percent, higher than the prior year. Excluding restructuring related charges, adjusted net income was $56 million or 16 percent higher than prior-year net income.
- Reported diluted EPS of 62 cents was 5 cents, or 9 percent, higher than the prior-year EPS. Adjusted EPS of 66 cents was 9 cents, or 16 percent, higher than the prior-year EPS.
- EBITDA of $104 million was 21 percent of sales and covered interest expense by nearly 10 times.
- Free cash flow was $52 million, representing a first quarter record and 100 percent of net income.
- The Company completed the repurchase of 239 thousand shares of common stock for $10.2 million.
- The Board of Directors approved an 18 percent increase in the quarterly cash dividend in April.
IDEX Corporation Reports Record First Quarter 2012 Results; Adjusted Earnings Per Share Of 66 Cents
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