ADDED
34 ) 36 Consolidated Statements of Income 39 Consolidated Statements of Comprehensive Income 40 Consolidated Balance Sheets 41 Consolidated Statements of Equity 42 Consolidated Statements of Cash Flows 43 Notes to Consolidated Financial Statements 44 Note 1.
End Markets and Products The following table summarizes the percentage of total IDEX sales generated by each end market served: * Beginning in 2025, Life Sciences also includes analytical instruments, pharmaceutical and medical/dental end market sales.
The Company has three reportable segments: Health Science Technologies ( HST ), Fluid Metering Technologies ( FMT ) and Fire Safety/Diversified Products ( FSDP ).
Year Ended December 31, 2025 Year Ended December 31, 2024 HST FMT FSDP HST FMT FSDP Net sales 43% 35% 22% 39% 38% 23% Adjusted EBITDA (1) 39% 40% 21% 36% 42% 22% (1) Segment Adjusted EBITDA excludes the impact of unallocated corporate costs of $92.2 million and $93.0 million for the years ended December 31, 2025 and 2024, respectively.
The following table summarizes the percentage of total HST sales generated by each end market served: *Beginning in 2025, Life Sciences also includes analytical instruments, pharmaceutical and medical/dental end market sales.
The following discussion describes the reporting units included in the HST segment: Scientific Fluidics Optics.
IDEX Materials Science Solutions platform is formed from the precision processing businesses of IDEX Optical Technologies, Muon Group (Millux, LouwersHanique, Veco and Tecan) and STC Material Solutions.
Solutions include optical filters, polarization optics, beamsplitters, waveplates, objectives and mirrors for application in semiconductor metrology, satellite laser communications, data communications, high-power industrial and defense optical systems, earth observation and remote sensing.
The precision components and ceramics businesses of Millux, LouwersHanique, Veco, Tecan and STC Material Solutions have expertise in ultra-precision forming of advanced materials, from ceramics and glass to metals and plastics.
Applications primarily include thermal management, fluid and energy flow control, filtration, and precision motion applications within the semiconductor, aerospace, medical, food processing and industrial markets.
REMOVED
and other countries around the world, including uncertainties in the financial markets; pricing pressures, including inflation and rising interest rates, and other competitive factors and levels of capital spending in certain industries; the impact of catastrophic weather events, natural disasters and public health threats; economic and political consequences resulting from terrorist attacks and wars; the Company s ability to make acquisitions and to integrate and operate acquired businesses on a profitable basis; cybersecurity incidents; the relationship of the U.S.
34 ) 37 Consolidated Statements of Income 40 Consolidated Statements of Comprehensive Income 41 Consolidated Balance Sheets 42 Consolidated Statements of Equity 43 Consolidated Statements of Cash Flows 44 Notes to Consolidated Financial Statements 45 Note 1.
End Markets and Products The following table summarizes the percentage of total IDEX sales generated by each end market served: The Company has three reportable segments: Fluid Metering Technologies ( FMT ), Health Science Technologies ( HST ) and Fire Safety/Diversified Products ( FSDP ).
The table below illustrates the share of Net sales and Adjusted EBITDA contributed by each segment on the basis of total segments (not total Company) for the years ended December 31, 2024 and 2023.
Year Ended December 31, 2024 Year Ended December 31, 2023 FMT HST FSDP FMT HST FSDP Net sales 38% 39% 23% 38% 40% 22% Adjusted EBITDA (1) 42% 36% 22% 42% 37% 21% 3 (1) Segment Adjusted EBITDA excludes the impact of unallocated corporate costs of $93.0 million and $84.6 million for the years ended December 31, 2024 and 2023, respectively.
FMT HST FSDP Pumps Scientific Fluidics Optics Fire Safety Water Sealing Solutions Dispensing Energy Performance Pneumatic Technologies BAND-IT Valves Material Processing Technologies Agriculture FLUID METERING TECHNOLOGIES SEGMENT The FMT segment designs, produces and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors and other fluid-handling pump modules and systems and provides flow monitoring and other services.
Pumps is comprised of the following businesses: Viking Pump is a global leader in pumping solutions, with products including internal gear, external gear, vane, lobe and circumferential piston pumps, as well as parts, kits and accessories designed to support customers worldwide.
Viking Pump maintains operations in Cedar Falls, Iowa, with locations in Windsor, Canada (Viking Pump Canada), Shannon, Ireland (IDEX Pump Technologies) and Eastbourne, England (Viking Pump Hygienic).
Its markets include industrial and municipal water and wastewater treatment, oil and gas, power generation, chemical and hydrocarbon processing and swimming pools.
Pulsafeeder serves these markets by producing hydraulic and mechanical diaphragm pumps, rotary pumps, peristaltic pumps and controllers.