XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Revenue (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue by Reporting Unit | Revenue by reporting unit for the three months ended March 31, 2025 and 2024 was as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Pumps |  |  |  |  | $ | 105.8 |  |  | $ | 101.9 |
Water |  |  |  |  | 82.9 |  |  | 83.0 |
Energy |  |  |  |  | 46.9 |  |  | 52.6 |
Agriculture |  |  |  |  | 32.0 |  |  | 39.7 |
Valves |  |  |  |  | 22.9 |  |  | 36.5 |
Intersegment elimination |  |  |  |  | (0.3) |  |  | (0.2) |
Fluid & Metering Technologies |  |  |  |  | 290.2 |  |  | 313.5 |
Scientific Fluidics & Optics |  |  |  |  | 194.0 |  |  | 162.7 |
Sealing Solutions |  |  |  |  | 60.6 |  |  | 60.5 |
Performance Pneumatic Technologies |  |  |  |  | 59.0 |  |  | 57.5 |
Material Processing Technologies |  |  |  |  | 27.9 |  |  | 29.4 |
Intersegment elimination |  |  |  |  | (1.4) |  |  | (0.7) |
Health & Science Technologies |  |  |  |  | 340.1 |  |  | 309.4 |
Fire & Safety |  |  |  |  | 111.0 |  |  | 105.1 |
Dispensing |  |  |  |  | 43.6 |  |  | 41.5 |
BAND-IT |  |  |  |  | 29.7 |  |  | 31.4 |
Intersegment elimination |  |  |  |  | (0.3) |  |  | (0.4) |
Fire & Safety/Diversified Products |  |  |  |  | 184.0 |  |  | 177.6 |
Net sales |  |  |  |  | $ | 814.3 |  |  | $ | 800.5 |
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three months ended March 31, 2025 and 2024 was as follows:
| Three Months Ended March 31, 2025
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 168.8 |  |  | $ | 155.1 |  |  | $ | 95.5 |  |  | $ | 419.4 |
North America, excluding U.S. | 16.0 |  |  | 4.7 |  |  | 8.1 |  |  | 28.8 |
Europe | 48.4 |  |  | 102.1 |  |  | 42.5 |  |  | 193.0 |
Asia | 34.4 |  |  | 71.3 |  |  | 31.0 |  |  | 136.7 |
Other(1) | 22.9 |  |  | 8.3 |  |  | 7.2 |  |  | 38.4 |
Intersegment elimination | (0.3) |  |  | (1.4) |  |  | (0.3) |  |  | (2.0) |
Net sales | $ | 290.2 |  |  | $ | 340.1 |  |  | $ | 184.0 |  |  | $ | 814.3 |
| Three Months Ended March 31, 2024
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 172.6 |  |  | $ | 138.9 |  |  | $ | 86.1 |  |  | $ | 397.6 |
North America, excluding U.S. | 16.3 |  |  | 5.6 |  |  | 7.4 |  |  | 29.3 |
Europe | 58.8 |  |  | 104.1 |  |  | 45.0 |  |  | 207.9 |
Asia | 44.7 |  |  | 55.7 |  |  | 30.7 |  |  | 131.1 |
Other(1) | 21.3 |  |  | 5.8 |  |  | 8.8 |  |  | 35.9 |
Intersegment elimination | (0.2) |  |  | (0.7) |  |  | (0.4) |  |  | (1.3) |
Net sales | $ | 313.5 |  |  | $ | 309.4 |  |  | $ | 177.6 |  |  | $ | 800.5 |
(1) Other includes: South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability | The composition of customer receivables was as follows:
| March 31, 2025 |  | December 31, 2024
Billed receivables | $ | 454.3 |  |  | $ | 443.2 |
Unbilled receivables | 21.0 |  |  | 17.8 |
Total customer receivables | $ | 475.3 |  |  | $ | 461.0 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of deferred revenue was as follows:
| March 31, 2025 |  | December 31, 2024
Deferred revenue – current | $ | 57.8 |  |  | $ | 50.7 |
Deferred revenue – noncurrent | 14.5 |  |  | 13.2 |
Total deferred revenue | $ | 72.3 |  |  | $ | 63.9 |

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 60 -Name Accounting Standards Codification -Section 65 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147476176/805-60-65-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482989/270-10-45-12 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482989/270-10-45-13 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration