Idex: Q4 Earnings Snapshot

NORTHBROOK, Ill. (AP) _ IDEX Corp. (IEX) on Tuesday reported fourth-quarter profit of $130 million.

The Northbrook, Illinois-based company said it had net income of $1.71 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.

The maker of the Jaws of Life device and other engineered products posted revenue of $810.7 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $773 million.

For the year, the company reported profit of $586.9 million, or $7.71 per share. Revenue was reported as $3.18 billion.

For the current quarter ending in March, Idex expects its per-share earnings to range from $1.98 to $2.03.

The company expects full-year earnings in the range of $8.50 to $8.80 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a IEX">Zacks stock report on IEX at https://www.zacks.com/ap/IEX