IDEX Corporation (NYSE:IEX) Q1 2024 Earnings Conference Call April 24, 2024 10:30 AM ET
Company Participants
Wendy Palacios – Vice President-FP&A and Investor Relations
Eric Ashleman – Chief Executive Officer and President
Abhi Khandelwal – Senior Vice President and Chief Financial Officer
Conference Call Participants
Mike Halloran – Robert W. Baird
Deane Dray – RBC Capital Markets
Vlad Bystricky – Citigroup
Nathan Jones – Stifel
Joe Giordano – TD Cowen
Matt Summerville – D.A. Davidson
Rob Wertheimer – Melius Research
Operator
Greetings, and welcome to the IDEX Corporation First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Wendy Palacios, Vice President, FP&A and Investor Relations. Thank you. You may begin.
Wendy Palacios
Good morning, everyone. This is Wendy Palacios, Vice President of FP&A and Investor Relations for IDEX Corporation. Thank you for joining us for our discussion of the IDEX first quarter 2024 financial highlights.
Last night, we issued a press release outlining our company’s financial and operating performance for the three months ending March 31, 2024. The press release, along with the presentation slides to be used during today’s webcast can be accessed on our company website at www.idexcorp.com.
Joining me today are Eric Ashleman, our Chief Executive Officer and President; and Abhi Khandelwal, our Senior Vice President and Chief Financial Officer. Following our prepared remarks, we will open the call up for your questions. If you should need to exit the call for any reason, you may access a complete replay beginning approximately 2 hours after the call concludes by dialing the toll free number (877) 660-6853 and entering conference ID number 13742103, or simply log on to our company homepage for the webcast replay.
Before we begin, a brief reminder. This call may contain certain forward-looking statements that are subject to the safe harbor language in last night’s press release and in IDEX filings with the Securities and Exchange Commission.
With that, I’ll turn this call over to our CEO and President, Eric Ashleman.
Eric Ashleman
Thanks, Wendy, and good morning, everyone. I’m on Slide 3. In Q1, our core execution capabilities delivered strong results, particularly within our Fluid & Metering Technologies and Fire & Safety/Diversified Products businesses. We experienced an encouraging lift in sequential orders from our core industrial and municipal markets after a period of elongated destocking, and we were able to quickly capitalize on this bounce and deliver for our customers.