IDEX Raises Annual Profit Forecast on AI Data Center Demand
IDEX Corp lifted its annual earnings forecast after beating first-quarter estimates. The company cited strong demand for products used in AI data centers.
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IDEX CORP raised its annual adjusted EPS forecast to a range of $8.35 to $8.55 on Wednesday afternoon. The new guidance exceeds the previous United States-based manufacturer's outlook of $8.15 to $8.35 per share. Strong AI data center and semiconductor demand are driving growth in precision fluidics and optical components.
