Item 2.02 – Results of Operations and Financial Condition.
On July 26, 2022, IDEX Corporation (the “Company”) issued a press release
announcing financial results for the period ended June 30, 2022.
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.
Q2 2022 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 and expected earnings per share, and the assumptions
underlying these expectations, anticipated future acquisition behavior and
capital deployment, availability of cash and financing alternatives, the intent
to refinance or repay the 4.20% Senior Notes using the available borrowing
capacity of the Revolving Facility, the anticipated benefits of the Company’s
acquisitions, including the acquisitions of Airtech Group, Inc., US Valve
Corporation and related entities (“Airtech”), Nexsight, LLC and its businesses
Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (“Nexsight”), KZ
CO. (“KZValve”) and ABEL Pumps, L.P. and certain of its affiliates (“ABEL”), 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 impact of health epidemics
and pandemics, including the COVID-19 pandemic, and the impact of related
governmental actions, on the Company’s ability to operate its business and
facilities, on its customers, on supply chains and on the U.S. and global
economy generally; economic and political consequences resulting from terrorist
attacks and wars, including Russia’s invasion of Ukraine and the global response
to this invasion, which, along with the ongoing effects of the COVID-19
pandemic, could have an adverse impact on the Company’s business by creating
disruptions in the global supply chain and by potentially having an adverse
impact on the global economy; levels of industrial activity and economic
conditions in the U.S. and other countries around the world, including
uncertainties in the financial markets; pricing pressures, including inflation
and rising interest rates, 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; 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; supply chain backlogs, including risks affecting
component availability, labor inefficiencies and freight logistical challenges;
market conditions and material costs; risks related to environmental, social and
corporate governance (“ESG”) issues, including those related to climate change
and sustainability; 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”) and 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 July 26, 2022 announcing IDEX Corporation’s quarterly
99.2 Presentation slides of IDEX Corporation’s quarterly operating results
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