BUZZ-IDEX stock price rises as artificial intelligence demand boosts third-quarter profits and performance outlook

October 28 - ** After industrial equipment manufacturer IDEX IEX.N announced its third-quarter financial results, its share price rose by about 2% to $237.04

** The company raised its adjusted earnings per share forecast for fiscal year 2026 from $8.70–$8.85 to $8.91–$8.96; the midpoint of $8.94 is above Wall Street's expectation of $8.82

** The company increased its organic sales growth forecast for fiscal year 2026 from 5%-6% to 6.5%-6.8%

** Adjusted earnings per share for the third quarter were $2.33, a year-on-year increase of 15%, exceeding analysts’ average expectation of $2.23

** Third-quarter sales amounted to $951.7 million, with organic growth of 8%, higher than the expected $930.8 million

** Order value was $991 million, with organic growth of 13%

** Driven by AI-powered data center power and semiconductor demand, the health and science technologies business achieved organic sales growth of 13%

** Adjusted EBITDA margin increased by 50 basis points to 27.8%

** Taking into account daily fluctuations, the stock has risen approximately 33% year-to-date

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