Mission Statement, Vision, & Core Values of IDEX Corporation (IEX)

How does a company maintain its focus and drive growth in an ever-changing world? For IDEX Corporation (IEX), it starts with a clearly defined mission, vision, and set of core values. But what exactly are those guiding principles, and how do they translate into real-world results?

IDEX Corporation, a global company known for its engineered products and components across various industries, reported $3.3 billion in sales for 2024. While the overall sales remained flat, the company achieved record sales of $863 million in the fourth quarter, a 9% increase from the previous year. With such significant figures, how do the mission, vision, and values contribute to this financial performance and strategic decision-making? Read on to explore the core tenets that shape IDEX's identity and strategic direction.

IDEX Corporation (IEX) An Overview of

IDEX Corporation is a global company known for its expertise in fluid and metering technologies, health and science technologies, and fire, safety, and other diversified products. Founded in 1988, it has grown through strategic acquisitions and organic initiatives. The company operates in various sectors, providing a range of specialized products and solutions to industries worldwide. As of April 2025, IDEX continues to serve a diverse customer base, focusing on innovation and precision engineering.

In the fiscal year 2024, IDEX reported record-breaking revenue, driven significantly by its main product sales. The company experienced substantial growth in key markets, reflecting its strategic focus and operational execution. Specific financial details include:

• Net sales reached $3.3 billion, marking an increase of 2.3% compared to the previous year.
• Organic sales growth was 2.0%.
• The company's operating margin was reported at 23.7%, with a net income of $580.1 million, or $7.59 per diluted share.
• Adjusted net income was $621.6 million, or $8.14 per diluted share.
• Free cash flow was impressive at $664.4 million, representing 114.5% of adjusted net income.

IDEX stands out as a leader in its industry due to its consistent financial performance and strategic market positioning. The company's commitment to innovation and customer satisfaction underpins its success. To delve deeper into the factors contributing to IDEX's achievements, explore: IDEX Corporation (IEX): History, Ownership, Mission, How It Works & Makes Money.

IDEX Corporation (IEX) Mission Statement

IDEX Corporation's mission is centered around creating trusted solutions that improve lives. This mission underscores the company's dedication to providing reliable and high-quality products across various industries. The company aims to build trust with its employees and customers by consistently delivering on its promises. This commitment to trust is not just a slogan but a core principle that guides IDEX's operations and decision-making processes.

IDEX achieves its mission through a multi-faceted approach, focusing on innovation, customer satisfaction, and operational excellence. The company's diverse business segments, including Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products, work in synergy to develop and deliver solutions that address critical needs in various sectors. IDEX's commitment extends beyond mere product delivery; it seeks to create lasting value for its customers and stakeholders.

For additional insights into IDEX Corporation's history, mission, and operations, you can explore IDEX Corporation (IEX): History, Ownership, Mission, How It Works & Makes Money.

Core Components of IDEX Corporation's Mission Statement

IDEX Corporation's mission statement is composed of three core values:

• Trust
• Team
• Excellence

These values are deeply embedded in the company's DNA, influencing its culture, decisions, and operations.

Trust

Trust is a cornerstone of IDEX Corporation's mission. The company emphasizes the importance of building and maintaining trust with all stakeholders, including employees, customers, and shareholders. This involves:

• Making and keeping commitments.
• Being credible, competent, and transparent with facts.
• Acting with courage, candor, and compassion.

IDEX understands that trust is earned through consistent actions and ethical behavior. By prioritizing transparency and reliability, IDEX aims to foster long-term relationships with its stakeholders.

Team

IDEX Corporation recognizes the power of teamwork in achieving its goals. The company promotes a collaborative environment where employees work together to achieve common objectives. Key aspects of teamwork at IDEX include:

• Insisting on winning together with integrity.
• Embracing diversity.
• Placing service before self.

IDEX believes that diverse teams bring different perspectives and ideas, leading to more innovative and effective solutions. The company invests in leadership development to foster a culture of collaboration and mutual respect.

Excellence

IDEX Corporation is committed to achieving excellence in all aspects of its business. This involves:

• Exercising discipline and focus.
• Making a positive impact.
• Building a legacy of greatness.

IDEX strives to exceed expectations and deliver high-quality products and services that meet the evolving needs of its customers. The company's focus on excellence is reflected in its continuous improvement efforts and its dedication to innovation.

Financial Performance and Strategic Focus

IDEX Corporation has demonstrated a strong commitment to financial performance and strategic growth. In 2024, the company reported:

• Record sales of $863 million in the fourth quarter, up 9% overall and 3% organically.
• Full year sales of $3.3 billion.
• Adjusted diluted earnings per share (EPS) of $2.04 in the fourth quarter, up 11%.

Despite facing challenges such as a slight decline in organic sales for the full year, IDEX remains focused on strategic growth through acquisitions and operational productivity. The company's strategic focus on price capture and operational productivity has been crucial in offsetting market headwinds and achieving growth. Looking ahead, IDEX projects a slight increase in organic sales for 2025, with a full-year GAAP diluted EPS forecast of $6.56 to $6.96.

IDEX continues to leverage its 80/20 strategy to focus resources on the best opportunities and streamline the organization. This approach enables the company to make informed decisions and drive both organic and inorganic growth. With approximately 9,000 employees and manufacturing operations in more than 20 countries, IDEX is a diversified, high-performing global company dedicated to producing reliable solutions that improve lives.

IDEX Corporation (IEX) Vision Statement

To provide context, understanding a company's mission, vision, and core values is crucial for grasping its strategic direction and operational ethos. This chapter delves into the mission statement, vision, and core values of IDEX Corporation (IEX), offering insights into how these elements shape the company's identity and aspirations as of April 2025. These guiding principles reflect IDEX's commitment to innovation, customer satisfaction, and sustainable growth, influencing its decisions and actions across all levels of the organization.

IDEX Corporation's vision is to be recognized as a world-class enterprise, delivering exceptional value by:

• Creating innovative solutions that meet customers’ needs.
• Building a diverse and inclusive work environment.
• Driving profitable growth and sustainable financial performance.

The company's financial highlights from the fiscal year 2024 reflect its success in these areas. IDEX reported net sales of $3.3 billion, with an organic growth rate of 2%. The operating margin reached 23.7%, and the diluted earnings per share (EPS) stood at $6.95. These figures demonstrate IDEX's commitment to driving profitable growth and sustainable financial performance.

Creating Innovative Solutions

IDEX aims to provide solutions that address the evolving needs of its customers. This involves continuous investment in research and development to stay ahead of market trends and technological advancements. For example, IDEX has allocated $139.2 million to research and development in 2024, reflecting its dedication to innovation.

In 2024, IDEX launched several new products across its segments. These include:

• A new line of precision fluidics components designed for medical diagnostics.
• A next-generation pump technology that improves efficiency and reduces energy consumption.
• An advanced metering system for the energy sector that enhances accuracy and reliability.

These innovations not only meet specific customer needs but also align with broader sustainability goals, as evidenced by the energy-efficient pump technology. This focus on innovation is central to IDEX's vision of being a world-class enterprise.

Building a Diverse and Inclusive Work Environment

IDEX recognizes that a diverse and inclusive work environment is essential for fostering creativity, collaboration, and employee engagement. The company has implemented several initiatives to promote diversity and inclusion across its workforce.

IDEX's commitment to diversity extends beyond its internal operations. The company also partners with various organizations to support STEM education and workforce development in underrepresented communities. These efforts contribute to building a more inclusive talent pipeline for the future.

Key initiatives include:

• Employee resource groups (ERGs) that provide a platform for employees from diverse backgrounds to connect and share their experiences.
• Training programs focused on promoting cultural awareness and unconscious bias.
• Recruitment strategies aimed at attracting a diverse pool of candidates.

Driving Profitable Growth and Sustainable Financial Performance

IDEX is committed to delivering long-term value to its shareholders through profitable growth and sustainable financial performance. This involves a focus on operational excellence, strategic acquisitions, and efficient capital allocation.

IDEX’s financial performance in 2024 demonstrates its commitment to profitable growth. The company reported a net income of $530.1 million and generated $619.9 million in free cash flow. IDEX also completed several strategic acquisitions in 2024, expanding its product portfolio and market reach. These acquisitions are expected to contribute to future revenue growth and profitability.

IDEX employs a disciplined approach to capital allocation, prioritizing investments that generate attractive returns and support long-term growth. This includes investments in research and development, capital expenditures, and strategic acquisitions. The company also returns capital to shareholders through dividends and share repurchases.

In summary, IDEX Corporation's vision to be recognized as a world-class enterprise is driven by its commitment to creating innovative solutions, building a diverse and inclusive work environment, and driving profitable growth and sustainable financial performance. The company's financial results and strategic initiatives in 2024 demonstrate its progress toward achieving this vision.

IDEX Corporation (IEX) Core Values

At IDEX Corporation (IEX), a diversified global company known for its engineered products and components across various industries, the core values serve as the foundation for its operations and culture. These values guide the company's decisions, influence its interactions with stakeholders, and shape its commitment to long-term success. IDEX emphasizes Trust, Team, and Excellence as the pillars upon which it builds its reputation and achieves its strategic goals.

More information about Company can be found here: IDEX Corporation (IEX): History, Ownership, Mission, How It Works & Makes Money

Trust

Trust is central to Company's mission and vision. The company emphasizes the importance of building and maintaining trust with employees, customers, and partners. This commitment is reflected in several key behaviors:

• Making and keeping commitments: Company strives to be reliable and dependable, ensuring that promises are kept and expectations are met.
• Being credible, competent, and transparent with facts: Company values honesty and accuracy in all communications, providing stakeholders with the information they need to make informed decisions.
• Acting with courage, candor, and compassion: Company encourages employees to speak openly and honestly, even when it is difficult, and to treat others with empathy and respect.

For example, in the fourth quarter of 2024, Company reported record sales of $863 million, a 9% increase from the previous year, demonstrating their commitment to delivering results and maintaining credibility with investors.

Team

Company recognizes that its success depends on the collaboration and cooperation of its employees. The company fosters a team-oriented environment by:

• Insisting on winning together with integrity: Company emphasizes fair play and ethical conduct, ensuring that success is achieved through teamwork and collaboration.
• Embracing diversity: Company values different perspectives and backgrounds, creating an inclusive environment where everyone feels welcome and respected.
• Placing service before self: Company encourages employees to prioritize the needs of the team and the company over their own individual interests.

The company's focus on teamwork is evident in its approach to acquisitions. For instance, the acquisition of Mott Corporation was completed on September 5, 2024, for a cash consideration of $986.2 million. Following the acquisition, teams from other Company businesses collaborated with Mott colleagues to design new prototypes incorporating Mott's filtration products, showcasing the company's commitment to teamwork and integration.

Excellence

Company is committed to achieving excellence in all aspects of its business. This commitment is driven by:

• Exercising discipline and focus: Company sets clear goals and priorities, ensuring that resources are allocated effectively and that efforts are directed toward the most important objectives.
• Making a positive impact: Company strives to create value for its customers, employees, and shareholders, contributing to the well-being of the communities in which it operates.
• Building a legacy of greatness: Company is focused on long-term success, making investments in innovation, technology, and talent to ensure that it remains a leader in its industry for years to come.

Company's pursuit of excellence is reflected in its financial performance. For the full year 2024, Company reported sales of $3.3 billion. The company's strategic focus on price capture and operational productivity has been crucial in offsetting market headwinds and achieving growth.

These core values are more than just words at Company; they are integral to the company's DNA and guide its daily operations. By prioritizing trust, teamwork, and excellence, Company aims to create sustainable value for all its stakeholders and maintain its position as a leader in the industries it serves.