Business Segments

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Business Segments

Business Segments

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,
	2021		2020
Net sales
Fluid & Metering Technologies
External customers	$	243,066	$	226,712
Intersegment sales	299		149
Total segment sales	243,365		226,861
Health & Science Technologies
External customers	249,507		223,456
Intersegment sales	862		603
Total segment sales	250,369		224,059
Fire & Safety/Diversified Products
External customers	159,463		144,294
Intersegment sales	21		30
Total segment sales	159,484		144,324
Intersegment elimination	(1,182)		(782)
Total net sales	$	652,036	$	594,462
Operating income (loss) (1)
Fluid & Metering Technologies	$	62,897	$	66,771
Health & Science Technologies	66,650		52,643
Fire & Safety/Diversified Products	44,560		38,037
Corporate office and other	(18,560)		(17,510)
Total operating income	155,547		139,941
Interest expense	10,776		10,877
Other (income) expense - net	(848)		1,565
Income before income taxes	$	145,619	$	127,499

	March 31, 2021		December 31, 2020
Assets
Fluid & Metering Technologies	$	1,532,987	$	1,387,067
Health & Science Technologies	1,563,473		1,576,093
Fire & Safety/Diversified Products	798,494		891,864
Corporate office and other	565,777		559,374
Total assets	$	4,460,731	$	4,414,398

(1) Segment operating income (loss) excludes net unallocated corporate operating expenses.