Item 2.02 – Results of Operations and Financial Condition.
On April 27, 2021, IDEX Corporation (the “Company”) issued a press release
announcing financial results for the period ended March 31, 2021.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
The information in this Current Report furnished pursuant to Item 2.02 shall not
be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section.
This information shall not be incorporated by reference into any registration
statement pursuant to the Securities Act of 1933, as amended.
Item 7.01 – Regulation FD Disclosure.
Q1 2021 Presentation Slides
Presentation slides discussing IDEX Corporation’s quarterly operating results
are attached to this Current Report on Form 8-K as Exhibit 99.2 and are
incorporated herein by reference.
The Securities and Exchange Commission encourages companies to disclose
forward-looking information so that investors can better understand the future
prospects of a company and make informed investment decisions. This Current
Report and the Exhibits hereto may contain “forward-looking” statements within
the meaning of the Private Securities Litigation Reform Act of 1995, as amended.
These statements may relate to, among other things, the Company’s expected
organic sales growth, the anticipated benefits of the Company’s acquisition of
ABEL Pumps, L.P. and certain of its affiliates, and the anticipated continuing
effects of the COVID-19 pandemic, including with respect to the Company’s sales,
improvements in the Company’s end markets, facility closures, supply chains and
access to capital, capital expenditures, acquisitions, cost reductions, cash
flow, revenues, earnings, liquidity, capital resources, market conditions,
global economies and operating improvements, and are indicated by words or
phrases such as “anticipates,” “estimates,” “plans,” “guidance,” “expects,”
“projects,” “forecasts,” “should,” “could,” “will,” “management believes,” “the
Company believes,” “the Company intends,” and similar words or phrases. These
statements are subject to inherent uncertainties and risks that could cause
actual results to differ materially from those anticipated at the date of this
Current Report. The risks and uncertainties include, but are not limited to, the
following: the duration of the COVID-19 pandemic and the continuing effects of
the COVID-19 pandemic on our ability to operate our business and facilities, on
our customers, on supply chains and on the U.S. and global economy generally;
economic and political consequences resulting from terrorist attacks and wars;
levels of industrial activity and economic conditions in the U.S. and other
countries around the world; pricing pressures and other competitive factors and
levels of capital spending in certain industries, all of which could have a
material impact on order rates and the Company’s results, particularly in light
of the low levels of order backlogs it typically maintains; the Company’s
ability to make acquisitions and to integrate and operate acquired businesses on
a profitable basis; the relationship of the U.S. dollar to other currencies and
its impact on pricing and cost competitiveness; political and economic
conditions in foreign countries in which the Company operates; developments with
respect to trade policy and tariffs; interest rates; capacity utilization and
the effect this has on costs; labor markets; market conditions and material
costs; and developments with respect to contingencies, such as litigation and
environmental matters. Additional factors that could cause actual results to
differ materially from those reflected in the forward-looking statements
include, but are not limited to, the risks discussed in the “Risk Factors”
section included in the Company’s most recent annual report on Form 10-K and the
Company’s subsequent quarterly reports filed with the Securities and Exchange
Commission (SEC) as well as the other risks discussed in the Company’s filings
with the SEC. The forward-looking statements included in this Current Report and
the Exhibits hereto are only made as of the date of this Current Report, and
management undertakes no obligation to publicly update them to reflect
subsequent events or circumstances, except as may be required by law. Investors
are cautioned not to rely unduly on forward-looking statements when evaluating
the information presented herein.
The information in this Current Report furnished pursuant to Items 7.01 and 9.01
shall not be deemed “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that Section. This information shall not be incorporated by reference into any
registration statement pursuant to the Securities Act of 1933, as amended. The
furnishing of the information in this Current Report is not intended to, and
does not, constitute a representation that such furnishing is required by
Regulation FD or that the information this Current Report contains is material
investor information that is not otherwise publicly available.
Item 9.01 – Financial Statements and Exhibits.
99.1 Press release dated April 27, 2021 announcing IDEX Corporation’s quarterly
99.2 Presentation slides of IDEX Corporation’s quarterly operating results
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