Business Segments

9 Months Ended

Sep. 30, 2019

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, custom mechanical and shaft seals for a variety of end markets including food and beverage, marine, chemical, wastewater and water treatment, engineered hygienic mixers and valves for the global biopharmaceutical industry, 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 September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net sales
Fluid & Metering Technologies
External customers	$	240,758		$	239,119		$	729,205		$	714,135
Intersegment sales	103			94			367			211
Total segment sales	240,861			239,213			729,572			714,346
Health & Science Technologies
External customers	228,988			222,351			685,848			670,685
Intersegment sales	622			75			1,305			219
Total segment sales	229,610			222,426			687,153			670,904
Fire & Safety/Diversified Products
External customers	154,500			161,418			473,523			484,752
Intersegment sales	43			414			1,222			553
Total segment sales	154,543			161,832			474,745			485,305
Intersegment elimination	(768		)	(583		)	(2,894		)	(983		)
Total net sales	$	624,246		$	622,888		$	1,888,576		$	1,869,572
Operating income
Fluid & Metering Technologies	$	77,481		$	69,755		$	223,493		$	207,149
Health & Science Technologies	40,170			49,144			151,087			153,519
Fire & Safety/Diversified Products	41,967			44,726			125,909			130,162
Corporate office	(17,853		)	(18,492		)	(55,659		)	(61,183		)
Total operating income	141,765			145,133			444,830			429,647
Interest expense	11,330			10,958			33,262			33,098
Other (income) expense - net	1,219			934			701			(3,565		)
Income before income taxes	$	129,216		$	133,241		$	410,867		$	400,114



	September 30, 2019		December 31, 2018
Assets
Fluid & Metering Technologies	$	1,121,170	$	1,107,777
Health & Science Technologies	1,510,210		1,329,368
Fire & Safety/Diversified Products	812,798		806,075
Corporate office	269,717		230,637
Total assets	$	3,713,895	$	3,473,857