Andrew K. Silvernail
to Thank you, everybody. results. us morning, good appreciate our here I Mike, third joining XXXX discuss quarter you and
later on, results call also business of as these really our start Overall, positive. think landscape me questions with that remains points through today we And the go key the our brief some very think I of guidance. and a matter. and organic Let summary I the are
Our strong The to and off. pay targeted all of are continue fundamentally markets see growth investments our growth geographies. continue end across to we economics
is our powder to we ample drive dry balance long-term framework have sheet shareholders. across inflation Tariffs are play value to and strong for Our ramping. and
the teams to Our pressure. the have inbound ahead pricing and been remain able productivity through offset to actions headwinds of
variable excess to Finally, our rate $X.XX effective revise the favorability In than In of we that stock quarters impacted related versus (XX:XX:XX) estimate guide. third tax associated our drove EPSB our third the assumptions guide in $X.XX pressure we in the tax the reform. of more benefit repatriation have compensation to to and a tax a quarter, due rate have with tax by for fourth fourth had quarter, EPS been approximately normal. our
overall, highlights. for outperformed we $X.XX of pleased of X% sales and up the to details our and our previous in However, be The is line team, by our Adjusted it you in orders markets. some ETR again, adjusted first our conditions, XXX% continue our IDEX. we to end of growth XXX Sales about quarter. healthy QX were another the very $X.XX, op achieved had was and Orders along couple right, margin $XXX still momentum with for higher organically. up, both great performance our up walk minute. that by results organic our we guidance. outstanding organically. quarter a that guidance, a results impacted results day, here $X.XX board. which our XX%. the execution All We $X.XX full-year high-single-digit was full-year midpoint is strong guidance. we're XX% and the some are the shortly. onto Free drove net raising than the were was in items expected overall, basis here talk We, and I be Continuing market up for rates exceeded had cash of is XX%, our with through the once which with the points which income, is was half, million, quarter. At X% record, was across I'll I'll Adjusted were X% X% operating EPS flow another QX of or
pay and targeted across growth dividends, Our high-single-digit in rates to our sales we're driving growth continue orders business. efforts
on us few We Finally, from by results. see and our it's Great shareholders. the businesses allows after separates the units, critical to throughout be what their that in our IDEX difference are example and continues for the competition deliver employees example catalyst initiatives us teams, driven customers. our for behind to focused our our
line fuels seeing North across and on Water our remains we're activity continue at science innovation. industrial quarter, in across day expansion minute full. with and in Optics, In the is petroleum to new drive seeing Now, Energy project we're in product the and have grown business the across The and DNA commercial project underlying what is IVD/Bio intimacy in and market fire I'd to take like just Fluidics life through high ship emerging drive levels, & The Scientific our continue in healthy, customer to liquid Municipal, market stabilizing, geographies remains to markets remains globe. the growth. businesses a well to performed American gas, refined focus sequencing favorable, continue healthy and and the funnel has economic rescue investments we conditions is and and sales with the a our targeted do market In strong, our our turn book rates we've development growth initiatives conditions we rebounded teams If all you and oil through within be rising in. outlook, aviation. geographic and walk we regions markets markets for stable, prices the activity serve that bottom
close overall factors impact we several could the eye that keeping environment. on However, growth our are
remainder two and outperform As we the productivity have expect committed estimate volatile, markets. XXXX. future said, of our into through IDEX. we we affect could economy deeper the get as price With for our growth aggressive impact, look uncertainty. an offset real to we items We've impact. for ramifications potential we tariffs, the overall the that Regardless global concern any environment, is a to that remain and continues trajectory. million on and are We'll Inflation successful to the inflation to at realization. mitigating IDEX actions external continue central trade the of approximately best risk monitor impact an remains negatively eye to for which banks from are but $X in been the current These we keep
the that valuations. to quarterly challenged on we're quick to remains with the turn comment I for Overall, results, a in it due M&A. a environment top just Before but remains us, focus
Our teams only deals, hard deals are to that cultivation to fit into and do several at disciplined criteria. both at and our evaluation work we're of going going but remain we're
focus the always deliver Our our has and to will be shareholders. returns best to possible
strong, it. we'll balance deal and the on is right when Our comes capitalize along, sheet very
Okay.
all development. op XXX X% by slide $X.XX. in was turn XX%, million, to due points revenues expanded income Let's which investments is related Adjusted engineering was overall, new partially year. leverage to offset margin volume over in up QX basis $XXX of million, and last resulting net product XX%, up EPS primarily in gross three on $XXX by QX by segments. third I'm outperformance basis to X. quarter production X% We points margin up efficiencies XX to organically, driven results, to were
If you exclude up restructuring, or last adjusted EPS over XX% was $X.XX, $X.XX year.
is higher which from the than rate Our options the enactment XXXX stock tax XX.X%, benefit at due QX end effective and year in year, the tax last mainly the XX.X% of excess period. tax last lower was reform of to
our guidance. it adjusted was net million, and ETR for driven of favorability $X.XX previously amount. was lower was solid of the XXX cash basis quarter by EPS of third to compared than the $XXX two XXX% points midpoint a $X.XX income $X.XX of The impacted operations. favorability was The accounted of by out XX.X% It guided flow remaining our of Free items. EPS
capacity we plan to remains times sheet, of accelerated balance to. healthy. revolver $XX and have the us take strong deploy leverage net regards for leverage well very free in X.X debt right. made and in All flow cash we're $XX to debt a million we growth; of contribution CapEx invested to is able X.X it balance our million discretionary The over Gross our billion In deductions. combination months advantage the times. is position pension if a a of to next benefit XX $X.X sheet, and First, primarily second, defined in
for for basis Fluid quarter, a really array XX.X%, up XX% both segment orders, have the OEMs the and start business our business, here restructuring, & and conditions been at organically. and Let's the Orders by and wins up last into solid continues another Energy, gaining we'll were strong are outlook. perform digits have revenue. good our also we orders in had the up and well U.S. right. chemical strong and numbers XX% performance orders Sales confirmed strong the of oil look in quarter, Op really margin, and up on was optimistic signal Look, traction Ag Metering and X% and you In double quarter if sales. double-digits discussions, up up but future, Industrial a and XXX the turn driven of Pump with momentum Energy, for markets. slide the I'm Fluids points had businesses, that's remained had and in wide market project year, X, was to for in efforts X%, the the gas our orders principally targeted had All that overall, over favorable distribution great future. growth pre-season driving in organically. to exclude were a and and has sales, FMT.
QX also I'm to X. I Health Health very Science. orders with at X% organically. performance on were organically. X% go the overall, Let's here was up overall, & & Sales X% pleased on X% Science, up were slide
work and HST adjusted basis us Science business customers. Optics, is had their technology are in higher side, our growth the and to increased and In some industrial, in strong integration well product Lakes MPT, team are the automotive although outpacing IVD/Bio due op some in continues it well. we collaboration offerings serve we margin double-digit to Finger great in acquisition, expense, third the our pharma were in growing These perform the new XXX in In at Optics we restructuring that in to slowdown overall and Solutions, large Life our our driven And and by single order semicon, activity a due a still some oil going Sealing industrial businesses points by helping sales India. Gast. in and the markets, Life in is to with commercial Excluding wins. The food seen development achieved quarter, And customers. XX.X% end by digits. and are product have that already pickup better growth gas seeing The volume new targeted Science & in although productivity. the finally, markets development
I'm overall, XX% organically. our organically. X% X. on I'm X% segment, were were Diversified. Okay. QX slide orders up XX% overall, last revenues on QX up
energy some adjusted the the we steady. North BAND-IT, of third the industrial If Fire exclude is In and quarter, continues posted significant But growth growth volume orders quarter was some a In somewhat see some positive meaningful business some that had into the move fourth last driven business when versus between we restructuring, OEM of this and remains quarter, be I'm constraint for XXX and in globe. volume quarters nice to finally, can run above have of orders again about world though the Dispensing, third Safety, Dispensing, the project sure into for And the attributable supply third drove and double-digit we which by year op even in Fire wins the and margin fourth their posted revenue chain. increased in you the last year, over sales talk did here, right. Dispensing out and OEM and growth there that question-and-answer project did was amount to while get we rest basis XX.X%, volume and points strong we and America push again that. the sales pull quarter in continues Rescue And stable, around rates expectations. are All to recover, at The & productivity.
in with here for comments $XX X%. approximately organic conclude and revenue we'll a X. growth the The expected the from on expected revenue from net be interpretation, a Op top-line are FX fourth finally, free and headwind approximately tax effective to with in be capital volatility should in also reform. the $X.XX to X% of Let's and expected In rates. that organic we're based pressure could And million providing $X.XX EPS it headwind a and to We'll ranging XX%, year. September guided based high-end IRS due X% from in is the cash growth X% is in have for that XXX% quarter EPS estimating corporate before. XX%. the everybody $X.XX by costs $X.XX from and X% some the the related year. end on margin primarily slide This $XX the tailwind increased turn at noted. tax on the million with be around costs to approximately numbers about $XX mentioned be pension to on overall as and I I QX September and will on QX $XX million the driven This that overall, the be the $XX some range. million of distribution full-year, still we revised think guidance the $X.XX around knows tax approximately is be be the tax is fourth associated the tax repatriation is to If XXXX working operating expenditures have of flow to be as $X.XX the on the fourth range is expected XX $X.XX. we quarter. to to corporate be rates to will previous increased XX we've rate, Full-year we low-end so effective guidance XX%. to over through full-year the FX our rate is taxes full-year now CapEx to assumptions the there up of X% anticipated We income The we're XX%, previously. quarter. get QX to to to the margin guidance, due our But million I'm
let With any you always, costs excludes and, to As guidance future our we or it acquisitions that Sherry, me let pause any here for have. of that, me associated earnings turn restructuring. questions back
