IDEX Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
For the full year, the company reported net sales of $2,147,767,000 compared to $2,024,130,000 a year ago. Operating income was $431,224,000 compared to $395,513,000 a year ago. Income before income taxes was $392,440,000 compared to $353,129,000 a year ago. Net income was $279,386,000 compared to $255,215,000 a year ago. Diluted earnings per common share were $3.45 compared to $3.09 a year ago. Net cash flows provided by operating activities was $367,961,000 compared to $401,522,000 a year ago. Purchases of property, plant and equipment was $47,997,000 compared to $31,536,000 a year ago. EBITDA was $511,242,000 compared to $474,669,000 a year ago. Adjusted EBITDA was $524,914,000 compared to $474,669,000 a year ago. Free cash flow was $326,239,000 compared to $378,546,000 a year ago. Adjusted net income was $288,823,000 compared to $255,215,000 a year ago. Adjusted EPS was $3.57 compared to $3.09 a year ago.
In 2015, the company anticipates full-year EPS of $3.65 to $3.75, with first quarter 2015 EPS in the range of 81 to 83 cents.