IDEX Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2016
January 28, 2016 at 09:00 pm IST
IDEX Corporation provided earnings guidance for the first quarter and full year of 2016. For first quarter, the company estimating $0.80 to $0.82 with operating margins of approximately 20%. The first quarter tax rate will be 29%, and estimate that to be about a 1% top line sales impact from FX.
For the full year revenue growth, expect negative 1% to positive 1% organic growth and full year operating margin to exceed 21%. Full year CapEx will be about $50 million. Free cash flow if will be another strong year, 120% of net income.