Business Segments

IDEX has three reportable business segments: Fluid & Metering Technologies (“FMT”), Health & Science Technologies (“HST”) and Fire & Safety/Diversified Products (“FSDP”).

The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agriculture and energy industries.

The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, including very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded sealing components, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications.

The Fire & Safety/Diversified Products segment designs, produces and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world.

Information on the Company’s business segments is presented below based on the nature of products and services offered. The Company evaluates performance based on several factors, of which sales, operating income and operating margin are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.



	Three Months Ended March 31,
	2019			2018
Net sales
Fluid & Metering Technologies
External customers	$	242,336		$	232,261
Intersegment sales	186			72
Total segment sales	242,522			232,333
Health & Science Technologies
External customers	224,688			220,967
Intersegment sales	602			108
Total segment sales	225,290			221,075
Fire & Safety/Diversified Products
External customers	155,207			159,096
Intersegment sales	952			77
Total segment sales	156,159			159,173
Intersegment elimination	(1,740		)	(257		)
Total net sales	$	622,231		$	612,324
Operating income
Fluid & Metering Technologies	$	71,866		$	66,166
Health & Science Technologies	54,154			51,806
Fire & Safety/Diversified Products	40,328			39,554
Corporate office	(18,566		)	(20,843		)
Total operating income	147,782			136,683
Interest expense	10,921			11,000
Other (income) expense - net	(140		)	(4,449		)
Income before income taxes	$	137,001		$	130,132



	March 31, 2019		December 31, 2018
Assets
Fluid & Metering Technologies	$	1,140,025	$	1,107,777
Health & Science Technologies	1,372,517		1,329,368
Fire & Safety/Diversified Products	820,226		806,075
Corporate office	218,692		230,637
Total assets	$	3,551,460	$	3,473,857