Business Segments

3 Months Ended

Mar. 31, 2020

IDEX has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.

The Fluid & Metering Technologies (“FMT”) segment designs, produces and distributes positive displacement pumps, small volume provers, 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 (“HST”) 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 (“FSDP”) segment designs, produces and develops 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,
	2020			2019
Net sales
Fluid & Metering Technologies
External customers	$	226,712		$	242,336
Intersegment sales	149			186
Total segment sales	226,861			242,522
Health & Science Technologies
External customers	223,456			224,688
Intersegment sales	603			602
Total segment sales	224,059			225,290
Fire & Safety/Diversified Products
External customers	144,294			155,207
Intersegment sales	30			952
Total segment sales	144,324			156,159
Intersegment elimination	(782		)	(1,740		)
Total net sales	$	594,462		$	622,231
Operating income
Fluid & Metering Technologies	$	66,771		$	71,866
Health & Science Technologies	52,643			54,154
Fire & Safety/Diversified Products	38,037			40,328
Corporate office	(17,510		)	(18,566		)
Total operating income	139,941			147,782
Interest expense	10,877			10,921
Other (income) expense - net	1,565			(140		)
Income before income taxes	$	127,499		$	137,001



	March 31, 2020		December 31, 2019
Assets
Fluid & Metering Technologies	$	1,349,083	$	1,150,712
Health & Science Technologies	1,488,273		1,507,108
Fire & Safety/Diversified Products	797,271		825,398
Corporate office	309,050		330,694
Total assets	$	3,943,677	$	3,813,912