IDEX Corporation (IEX) Q3 2022 Earnings Call Transcript

IDEX Corporation (NYSE:IEX) Q3 2022 Earnings Conference Call October 26, 2022 10:30 AM ET

Company Participants

Allison Lausas – Vice President and Chief Accounting Officer

Eric Ashleman – Chief Executive Officer and President

Bill Grogan – Senior Vice President and Chief Financial Officer

Conference Call Participants

Mike Halloran – Robert W. Baird

Nathan Jones – Stifel

Deane Dray – RBC Capital Markets

Allison Poliniak – Wells Fargo

Brett Linzey – Mizuho

Thomas Johnson – Morgan Stanley

Vlad Bystricky – Citi Group

Rob Wertheimer – Melius Research

Matt Summerville – D.A. Davidson

Scott Graham – Loop Capital Markets

Michael Anastasiou – Cowen and Company

Operator

Greetings, and welcome to IDEX Corporation’s Third Quarter 2022 Earnings Conference Call. [Operator instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Allison Lausas, Vice President and Chief Accounting Officer. Thank you. You may begin.

Allison Lausas

Good morning, everyone. This is Allison Lausas, Vice President and Chief Accounting Officer for IDEX Corporation. Thank you for joining us for our discussion of the IDEX third quarter 2022 financial highlights.

Last night, we issued a press release outlining our company's financial and operating performance for the three months ending September 30, 2022. The press release, along with the presentation slides to be used during today's webcast, can be accessed on our company website at idexcorp.com.

Joining me today are Eric Ashleman, our Chief Executive Officer and President; and Bill Grogan, our Chief Financial Officer.

Today we’ll begin with Eric providing an overview of the state of IDEX's business, then Bill will discuss IDEX third quarter financial results provide an update on segment performance in the markets we serve and discuss our outlook for the fourth quarter and full year 2022. Following our prepared remarks, we will open the call for your questions.

If you should need to exit the call for any reason, you may access a complete replay beginning approximately two hours after the call concludes by dialing the toll-free number (877) 660-6853 and entering conference ID 13724804 or simply log on to our company home page for the webcast replay.

Before we begin, a brief reminder. This call may contain certain forward-looking statements that are subject to safe harbor language in last night's press release and in IDEX's filings with the Securities and Exchange Commission.

With that, I'll now turn this call over to our CEO and President, Eric Ashleman.