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Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue by Reporting Unit

Revenue by reporting unit for the years ended December 31, 2024, 2023 and 2022 was as follows:

			For the Year Ended December 31,
			2024						2023						2022
Pumps			$	408.3					$	402.9					$	396.5
Water			347.8						345.8						307.8
Energy			207.6						209.3						191.3
Agriculture			146.4						159.6						152.8
Valves			123.1						129.5						118.9
Intersegment elimination			(1.4)						(2.9)						(1.1)
Fluid & Metering Technologies			1,231.8						1,244.2						1,166.2
Scientific Fluidics & Optics(1)			706.1						681.5						639.0
Performance Pneumatic Technologies			237.4						250.0						257.6
Sealing Solutions			232.4						242.3						266.0
Material Processing Technologies			122.2						120.7						138.1
Micropump(2)			—						21.9						38.5
Intersegment elimination			(4.1)						(2.9)						(2.4)
Health & Science Technologies			1,294.0						1,313.5						1,336.8
Fire & Safety			467.2						431.9						400.1
Dispensing			161.3						167.5						167.5
BAND-IT			115.8						119.4						111.6
Intersegment elimination			(1.3)						(2.6)						(0.3)
Fire & Safety/Diversified Products			743.0						716.2						678.9
Net sales			$	3,268.8					$	3,273.9					$	3,181.9

(1) The year ended December 31, 2022 includes the acceleration of previously deferred revenue of $17.9 million as a result of a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application. See Note 14, “Restructuring Expenses and Asset Impairments,” for further detail.

(2) Revenue from Micropump (sold on August 3, 2023) has been included in the Company’s Consolidated Statements of Income through the date of disposition. See Note 2, “Acquisitions and Divestitures,” for further detail.

Schedule of External Net Sales Disaggregated by Geography

Revenue by geographical region for the years ended December 31, 2024, 2023 and 2022 was as follows:

			For the Year Ended December 31, 2024
			FMT						HST						FSDP						IDEX
U.S.			$	693.1					$	573.7					$	354.9					$	1,621.7
North America, excluding U.S.			68.3						29.9						34.2						132.4
Europe			210.1						408.0						178.4						796.5
Asia			169.7						261.4						139.9						571.0
Other(1)			92.0						25.1						36.9						154.0
Intersegment elimination			(1.4)						(4.1)						(1.3)						(6.8)
Net sales			$	1,231.8					$	1,294.0					$	743.0					$	3,268.8

			For the Year Ended December 31, 2023
			FMT						HST						FSDP						IDEX
U.S.			$	695.7					$	575.5					$	371.9					$	1,643.1
North America, excluding U.S.			70.3						22.6						33.4						126.3
Europe			213.8						439.9						166.7						820.4
Asia			177.6						249.4						108.5						535.5
Other(1)			89.7						29.0						38.3						157.0
Intersegment elimination			(2.9)						(2.9)						(2.6)						(8.4)
Net sales			$	1,244.2					$	1,313.5					$	716.2					$	3,273.9

			For the Year Ended December 31, 2022
			FMT						HST						FSDP						IDEX
U.S.(2)			$	660.8					$	646.9					$	343.3					$	1,651.0
North America, excluding U.S.			71.5						25.8						35.3						132.6
Europe(2)			194.6						379.7						160.9						735.2
Asia			157.8						261.3						104.2						523.3
Other(1)			82.6						25.5						35.5						143.6
Intersegment elimination			(1.1)						(2.4)						(0.3)						(3.8)
Net sales			$	1,166.2					$	1,336.8					$	678.9					$	3,181.9

(1) Other includes: South America, Middle East, Australia and Africa.

(2) The HST segment includes the acceleration of $17.9 million of previously deferred revenue as a result of a customer’s decision to discontinue further investment in commercializing its COVID-19 testing application, of which $9.5 million was recognized in the U.S. and $8.4 million was recognized in Europe in the year ended December 31, 2022. See Note 14, “Restructuring Expenses and Asset Impairments,” for further detail.

Schedule of Contract with Customer, Asset and Liability

The composition of customer receivables was as follows:

			December 31, 2024						December 31, 2023
Billed receivables			$	443.2					$	408.1
Unbilled receivables			17.8						10.9
Total customer receivables			$	461.0					$	419.0

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The composition of deferred revenue was as follows:

			December 31, 2024						December 31, 2023
Deferred revenue - current			$	50.7					$	55.9
Deferred revenue - noncurrent			13.2						17.3
Total deferred revenue			$	63.9					$	73.2

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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