IDEX Corporation (NYSE:IEX) Q1 2024 Earnings Call Transcript

So just think of that as that’s how we’re indexed, that’s increasing. And so ultimately, as that plays out, I think we’re very, very well positioned.

Rob Wertheimer: Great. I’ll take off. Thank you very much.

Eric Ashleman: Thank you.

Operator: There are no further questions in the queue. I’d like to hand the call back to management for closing remarks.

Eric Ashleman: Well, thank you very much. Thanks for everybody joining today. We appreciate your interest in IDEX. And look, I think, no doubt, there’s some uncertainties out there in the near term whether it’s inflation in interest rates, geopolitical tensions, it’s obviously an election year. We hear a lot of chatter about that out in the background. As I said, I think there’s some sensitivity to it. But more broadly, I still think the arrows are very positive for businesses like ours and others over time. As we’re tracking all that, we think it’s helpful to provide that color to you as we do it. And as you know, we’re very good at moving resources around from here to there within this high-quality portfolio to continue to execute for shareholders and customers.

But I really step back and say, I think we’re incredibly positioned for where things are going in the long term. We’ve had that discussion here with life science and analytical instrumentation, how powerful that’s going to be over time. We just had it here more recently with our discuss around semicon and the revolutionary aspects of AI and the part we play there. And then we could go through a host of other applications, more of the niche than not, and take you through that as well. And that’s what we’re building each and every day through our own organic efforts and the – efforts of the company. And so we’re laser-focused on the things that matter, both short term and long term and look forward to continuing to talk with you along the way in the quarters to come.

Have a great day.

Abhi Khandelwal: Thank you.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.