April 23 (Reuters) - Industrial equipment maker IDEX

Corp ( IEX ) missed Wall Street estimates for first-quarter

profit and revenue on Tuesday, on lower demand from its units

that make metering and health & science technologies.

Northbrook, Illinois-based IDEX ( IEX ), manufactures and provides

industrial equipment and services for diversified markets

including the agricultural, semiconductor and food sectors.

The segment which makes positive pump systems and provides

flow monitoring services for food, chemical, agriculture and

energy industries saw an 8% fall in net sales from lower

volumes.

While, its segment which makes scientific components and

laboratory equipment for life-science saw a 41% drop in net

sales.

Despite manufacturing activity remaining resilient during

the quarter, supply chain logjams and labor constraints have hit

companies across several sectors including equipment makers.

Total quarterly revenue fell 45% to $800.5 million, missing

analysts' estimates of $807 million, as per LSEG data.

Net income in the quarter ended March 31 fell by 15% to

$143.2 million, or $1.88 per share, compared with estimates of

$135 million, or $1.76 per share.

IDEX ( IEX ) forecasts second quarter 2024 net income between $2.00

to $2.05 per share, below estimates of $2.12 per share.