Talk:IDEX Corporation
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Updating financial figures in infobox
I'm an IDEX employee with a conflict-of-interest, so I'm using the edit request system rather than making changes to the article myself. Our company recently reported year-end results for 2024, so the financial figures in the infobox are out-of-date. The current ones listed on the page are actually two years old. I've got FY 2024 numbers here, per the company's latest reporting:
- Revenue: $3.26 billion
- Operating income: $677 million
- Net income: $505 million
- Total assets: $6.74 billion
- Total equity: $3.79 billion
- Employees: 9,000
Citation for financial report:[1]
References
- ^ "IDEX Reports Fourth Quarter and Full Year 2024 Results". investors.idexcorp.com. February 4, 2025. Retrieved February 6, 2025.
Thank you in advance to any editors who field this request. Mark at IDEX (talk) 21:34, 13 February 2025 (UTC)
Done Kline • talk • contribs 04:08, 19 February 2025 (UTC)
- I appreciate the help, User:Kline! Mark at IDEX (talk) 20:13, 27 February 2025 (UTC)
Revising and expanding History section
Hello! Now that the infobox is up-to-date, I'm submitting a revised and expanded History section draft for community review. Since that section is so short, I'm suggesting that we combine the History and Recent acquisitions sections to create a single section. My draft also does the following:
- Adds relevant facts about companies that IDEX acquired
- Firms up sourcing throughout, striking passages for which I couldn't find good sourcing
- Adds a few new details about company history and growth (IPO in 1989, CEO transition in the late 90s, etc.)
Independent editors can review by expanding this dropdown:
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IDEX was formed in 1988, when Kohlberg Kravis Roberts purchased several divisions of Houdaille Industries, which had recently been sold by KKR to Tube Instruments. Its first chairman and CEO was Donald N. Boyce.[1][2] The company raised $3.3 million with its initial public offering in June 1989.[3] In May 1994, IDEX reached an agreement to acquire Hale Products, Inc., of Conshohocken, Pa., for $90 million. Hale sells fire-trucks, portable pumps, ventilation systems, and is part of IDEX's fire and safety division, which includes the Hurst "Jaws of Life".[4][5] By 1996, IDEX had acquired ten other companies and its annual revenue was approximately $562 million.[6] In January 1998, IDEX agreed to buy Gast Manufacturing of Benton Harbor, Michigan, for $118 million. Gast manufactures compressors, vacuum pumps, air motors and other products.[7] The following year, the company's original CEO Donald Boyce stepped down from his position. IDEX COO Frank Hansen took over as chief executive.[8] In 2011, IDEX acquired Microfluidics International, a company that designs and manufactures equipment that used to produce nanoparticles.[9] This acquisition supported IDEX's existing work in pharmaceutical research and production.[10] In June 2018, IDEX Corporation announced its acquisition of Phantom Controls, a company that manufactures pump systems.[11] In March 2021, IDEX announced that it was acquiring Abel Pumps LP, a manufacturer of reciprocating positive displacement pumps used in mining, marine, and power industries.[12] The following month, IDEX announced it had agreed to acquire Airtech Group, Inc. and US Valve Corporation. Airtech is a manufacturer of pressure technology products such as pumps and compressor systems and valves.[13] In September 2022, IDEX announced that it would acquire the Netherlands-based micro-precision technology conglomerate Muon Group,[14] and that Muon's several subsidiaries, such as LouwersHanique and Millux, would be incorporated into IDEX's health and science technologies segment.[15] In July 2024, IDEX announced that it would soon purchase Mott Corp, a filtration products manufacturer, to futher bolster the company's health and science technologies segment.[16] References
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If anyone has feedback or questions, please don't hesitate to reply below. Thanks! Mark at IDEX (talk) 15:09, 17 March 2025 (UTC)
- I noticed that User:Likeanechointheforest recently stopped by to make some improvements to the article. I really appreciate that. Tagging them in here to see if they would like to engage with this request, which I'd like to think is complementary to the work they've already done. Mark at IDEX (talk) 15:33, 24 March 2025 (UTC)
- Done Likeanechointheforest (talk) 19:53, 24 March 2025 (UTC)
Replacing Divisions with Operations and Products sections
Hello, I'm back with another request. The Divisions section doesn't have any citations, so as a replacement, I've put together a pair of brief section drafts (titled Operations and Products) intended to replace that citation-free one. Operations covers the company's scope and structure, and Products gives a brief overview of what IDEX makes and some of the industries it sells to.
You can review my drafts by clicking this dropdown:
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OperationsIDEX's name is an acronym for "Innovation, Diversity, and Excellence."[1] The company is composed of more than 50 largely decentralized businesses that operate as subsidiaries.[2][3][4] It operates in approximately 20 countries[2] and its business is organized into three segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety and Diversified products.[5][6] IDEX is headquartered in Northbrook, Illinois.[7] Its CEO is Eric Ashleman.[3] As of February 2025, it employs approximately 9,000 people.[8] The company is publicly traded on the New York Stock Exchange and is included in the S&P 500.[9] ProductsIDEX manufactures industrial equipment and components for diversified markets, including the agricultural, pharmaceutical, semiconductor, and fire safety sectors.[10][5] Its products include fluid-handling apparatuses like pumps, valves, and flow meters.[11][12] It also makes air compressors, optical filters, hydraulic rescue tools, and fire suppression equipment.[11][12][13] References
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I'm going to tag in User:Likeanechointheforest, because they reviewed and implemented my History request above and added a "citation needed" tag to a passage in the Divisions section. (Really appreciate the help with that, Likeanecho!) Any other independent editors are welcome to jump in as well. Thanks! Mark at IDEX (talk) 18:31, 26 March 2025 (UTC)
Expanding article introduction
Hey again! I have one last edit request for this article: would it be possible to slightly expand the existing introduction? The body of the article has grown quite a bit over the past couple months, and I think it would make sense to have some of the new information reflected in the opening section. Here's my suggestion:
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IDEX Corporation is an American industrial company based in Northbrook, Illinois, that engages in the development, design, and manufacture of fluidics systems, optics systems, fire and rescue equipment, and other specialty engineered products. These products serve diversified markets, including the agricultural, life sciences, water, energy, pharmaceutical, semiconductor, and fire safety sectors. The company is composed of over 50 largely decentralized businesses operating in approximately 20 countries. As of February 2025, it employs approximately 9,000 people. It is publicly traded and a component of the S&P 500 index. |
I believe everything in my draft is reflected in the article body, which is why I haven't included any citations, but I defer to the judgement of independent editors. I'll tag in User:Likeanechointheforest, who's been very generous with their time, reviewing my last couple requests. Of course, other editors are welcome to join in the review process as well. Thank you! Mark at IDEX (talk) 18:14, 2 April 2025 (UTC)
Partly done: Made some copyedits to your proposed text and implemented! Likeanechointheforest (talk) 20:11, 4 April 2025 (UTC)
- Failed to reply last month with thanks... please accept mine belated. Mark at IDEX (talk) 14:31, 15 May 2025 (UTC)
