IDEX Corporation · NYSE:IEX
IDEX — Q4 2016 Earnings Presentation
10 slides from IDEX's earnings presentation, Jan 31, 2017
Slide 1: Reconciliations of the Change in Net Sales to Net Organic Sales
Table 1: Reconciliations of the Change in Net Sales to Net Organic Sales For the Quarter Ended For the Year Ended December 31, 2016 December 31, 2016 FMT HST FSDP IDEX FMT. HST ESDP IDEX Change in net sales (4%) 1% 37% 6% (1%) 1% 23% 5% - Net impact from acquisitions/divestitures (3%) 5% 37% 8% 1% 3
Slide 2: Reconciliations of Reported-to-Adjusted Operating Income and Margin
Table 2: Reconciliations of Reported-to-Adjusted Operating Income and Margin (dollars in thousands) Reported operating income (loss) +Resructuring expenses +Loss(gain} on sale of businesses- net +Pension settlement Adjusted operating income (loss) Net sales (eliminations) ‘Operating margin Adjusted
Slide 3: Reconciliations of Reported-to-Adjusted Net Income and EPS
Table 3: Reconciliations of Reported-to-Adjusted Net Income and EPS (in thousands, except EPS) For the Quarter For theYear Ended December 31, Ended December 31, 2016 2015 2016 2015 Reported net income $ 57,347 $67,763 $271,109 $282,807 +Restructuring expenses 3,674 6,516 3,674 11,239 +Tax impact on
Slide 4: Reconciliations of EBITDA to Net Income
Table 4: Reconciliations of EBITDA to Net Income (in thousands) For the Quarter Ended December 31, 18 2015 Fur HST__FSOP Corporate (DEX Fu HSt__FSDP___ Corporate DEX ‘Operating income (loss) Tas Fuss $0179 S$ (es9 S Sat SHS Ss OOO SmAE 5 (1007 5 9828 Other (income) expense - net 18 Ce ee) (3.385) Ea
Slide 5: Reconciliations of EBITDA to Adjusted EBITDA
Table 5: Reconciliations of EBITDA to Adjusted EBITDA (in thousands) Forthe Quarter Ended December 31, 206 2015 id HST FSOP__Comorate 1B eT HST FSDP__ Corporate IDX EBITDA 69685 § 47a $ G40 —-$ (8,7TT) § 107,BA SATE 5 0.5 S20He “S (Th3I] 5 119,055 “+Restructuring expenses: so ANT 1,425 20 3678 45 13
Slide 6: Conference Call to be Broadcast over the Internet
Conference Call to be Broadcast over the Internet IDEX will broadcast its fourth quarter earnings conference call over the Internet on Tuesday, January 31, 2017 at 9:30 a.m. CT. Chairman and Chief Executive Officer Andy Silvernail and Senior Vice President and Chief Financial Officer William Grogan
Slide 7: Condensed Consolidated Statements of Operations
IDEX CORPORATION Condensed Consolidated Statements of Operations (in thousands except per share amounts) (unaudited) Quarter Ended Year Ended December 31, December 31, 2016 2015 2016 2015 Net sales $ 530,419 499,798 $2,113,043 $2,020,668 Cost of sales 297,934 276,399 4,182,276 1,116,363 Gross profit
Slide 8: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (in thousands) (unaudited) December 31, December 31, 2016 2015 Assets Current assets: Cash and cash equivalents $ 236,964 $ 328,018 Receivables - net 272,813 260,000 Inventories 252,859 239,124 Other current assets 61,085 36,542 Total current assets 822,724 862,
Slide 9: Condensed Consolidated Statements of Cash Flows
IDEX CORPORATION Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Year Ended December 31, 2016 2015 Cash flows from operating activities Net income $274,109 $ 262,807 Adjustments to reconcile net income to net cash provided by operating activities: Loss (gain) on sale of bu
Slide 10: Company and Segment Financial Information - Reported
IDEX CORPORATION ‘Company and Segment Financial Information - Reported (dollars in thousands) (unaudited) Quarter Ended Year Ended December 31," December 31," 2016 2015 2016 2015 Fluid & Metering Technologies Net sales $ 207,113, s 218,150 $ 849,104 s 860,782 Operating income ® 53,376 49.841 214,282