05:10 PM EDT, 04/23/2024 (MT Newswires) -- IDEX ( IEX ) reported Q1 adjusted earnings late Tuesday of $1.88 per diluted share, down from $2.09 a year earlier.

Analysts surveyed by Capital IQ expected $1.76.

Net sales in the quarter ended March 31 fell to $800.5 million from $845.4 million a year earlier.

Analysts surveyed by Capital IQ expected $807.6 million.

The company expects Q2 adjusted EPS of $2 to $2.05. Analysts surveyed by Capital IQ expect $2.12. The company expects organic sales to decline 2% to 3%.

IDEX ( IEX ) affirmed its 2024 adjusted EPS guidance of $8.15 to $8.45. Analysts surveyed by Capital IQ expect $8.33. The company still expects a flat to a 2% increase in organic sales.

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