Oct 29 (Reuters) - Industrial equipment maker IDEX Corp ( IEX )
on Wednesday posted a stronger-than-expected profit and
revenue for the third quarter, helped by a protracted recovery
in its health and science product lines.
Sales in the health and science technology segment rose 22%
from a year earlier, as customers continued to restock after
working through the large inventories built up during the
COVID-19 pandemic.
The unit supplies components used in clinical diagnostics
and drug discovery, as well as in food processing and cosmetic
manufacturing.
IDEX ( IEX ) narrowed its 2025 adjusted profit to between $7.86 and
$7.91, compared with a prior view of $7.85 to $7.95.
Excluding items, the company's quarterly earnings stood at
$2.03 per share, higher than Wall Street expectations of $1.93,
according to data compiled by LSEG.
Its total revenue rose 10% to nearly $879 million for the
quarter ended September 30, while analysts on average were
expecting revenue of $862 million.