Corporation manufactures and markets a wide array of engineered
pumps and other industrial products. Its business units are leaders
in their niche markets. The IDEX strategy of a shared vision has
led to a 15% compound annual growth rate in sales since 1989, compared
with 9% for its peer group, and a 16% growth rate in profits.
There are many reasons IDEX has become a great company - but it
is a shared vision that will make it better, giving even more meaning
to its name - Innovation, Diversity and Excellence.
IDEX has grown in strong markets and maintained profitability in
economic downturns because our shared vision created a number of
IDEX companies have strong brands and hold either the #1 or strong
#2 position in their markets.
In addition, IDEX is the world's leader in:
- Positive displacement pumps
- Color formulation equipment
- Fire truck pumps and rescue tools
- Stainless steel banding and clamping devices
NEW PRODUCT DEVELOPMENT
About 25% of IDEX's annual revenues come from products introduced
or totally redesigned in the last four years.
Six Sigma is a business practice that enables IDEX to deliver the
ultimate in quality products and services. Six Sigma starts with
identifying what is important to customers, then improving upon
these Critical to Quality (CTQ) issues.
IDEX has operations in 10 countries but the company sells its products
in more than 100 because of strong distributor relationships. This
has helped IDEX increase international sales from 24% of total 13
years ago to 40% currently.
STRONG CASH FLOW
High levels of EBITDA (earnings before interest, taxes, depreciation
and amortization) give IDEX the financial flexibility to fund growth
while reducing debt.