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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 28, 1998
IDEX Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-10235 36-3555336
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(State or other jurisdiction) (Commission File (I.R.S. Employer
Number) identification
Number)
630 Dundee Road, Suite 400 Northbrook, Illinois 60062
- --------------------------------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number (847) 498-7070
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<PAGE> 2
Item 5. Other Information
On December 31, 1997, IDEX Corporation ("IDEX" or the "Company") adopted
Statement of Financial Accounting Standards ("SFAS") No. 128, Earnings Per
Share, which requires the disclosure of two earnings per common share
computations: basic and diluted. Also in December 1997, the Company announced
its intention to divest its Strippit and Vibratech business operations.
Attached hereto is Exhibit 27, financial data schedule, restating certain IDEX
financial information reflecting adoption of SFAS No. 128 and reflecting
Strippit and Vibratech as discontinued operations for the three month, six
month and nine month periods for 1996 and 1997, respectively, and the full years
ended December 31, 1995 and December 31, 1996.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
- ---------- -----------
27* Financial Data Schedule
______________________
* Filed herewith
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IDEX Corporation
May 28, 1998 /s/ WAYNE P. SAYATOVIC
---------------------------------
Wayne P. Sayatovic
Senior Vice President-Finance
and Chief Financial Officer
(Principal Financial Officer)
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> YEAR 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> JAN-01-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995
<PERIOD-END> DEC-31-1995 MAR-31-1996 JUN-30-1996 SEP-30-1996
<CASH> $5,586 $7,470 $6,374 $3,928
<SECURITIES> 0 0 0 0
<RECEIVABLES> 57,625 60,038 58,171 71,940
<ALLOWANCES> 1,820 1,847 1,722 1,992
<INVENTORY> 81,968 81,153 76,919 87,921
<CURRENT-ASSETS> 173,889 177,699 170,359 190,519
<PP&E> 160,922 162,839 164,456 182,492
<DEPRECIATION> 84,251 86,781 89,616 92,785
<TOTAL-ASSETS> 450,077 451,052 441,195 579,297
<CURRENT-LIABILITIES> 70,798 68,041 62,962 79,471
<BONDS> 206,184 201,107 185,650 297,113
0 0 0 0
0 0 0 0
<COMMON> 191 191 192 193
<OTHER-SE> 150,754 160,539 171,027 182,917
<TOTAL-LIABILITY-AND-EQUITY> 450,945 451,052 441,195 579,297
<SALES> 395,480 109,445 219,372 340,437
<TOTAL-REVENUES> 395,480 109,445 219,372 340,437
<CGS> 237,803 65,755 131,346 204,795
<TOTAL-COSTS> 320,711 88,941 177,076 276,859
<OTHER-EXPENSES> (524) (5) 116 135
<LOSS-PROVISION> 1,145 133 330 579
<INTEREST-EXPENSE> 14,301 3,773 7,405 12,358
<INCOME-PRETAX> 60,992 16,736 34,775 51,085
<INCOME-TAX> 21,845 6,038 12,375 18,223
<INCOME-CONTINUING> 39,147 10,698 22,400 32,862
<DISCONTINUED> 6,178 1,516 2,476 3,842
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 45,325 12,214 24,876 36,704
<EPS-PRIMARY> 1.58 0.43 0.87 1.27
<EPS-DILUTED> 1.53 0.41 0.84 1.23
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> YEAR 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> JAN-01-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-END> DEC-31-1996 MAR-31-1997 JUN-30-1997 SEP-30-1997
<CASH> $4,730 $3,986 $5,207 $3,536
<SECURITIES> 0 0 0 0
<RECEIVABLES> 81,241 81,102 85,290 85,684
<ALLOWANCES> 2,111 2,180 2,361 2,537
<INVENTORY> 84,731 83,249 83,870 80,366
<CURRENT-ASSETS> 191,599 186,830 191,778 187,320
<PP&E> 183,813 183,962 190,261 191,870
<DEPRECIATION> 95,436 98,440 103,713 106,786
<TOTAL-ASSETS> 569,745 556,412 568,600 558,828
<CURRENT-LIABILITIES> 83,286 77,201 83,669 76,179
<BONDS> 271,709 256,286 247,997 233,000
0 0 0 0
0 0 0 0
<COMMON> 289 292 292 292
<OTHER-SE> 195,220 202,619 215,120 225,623
<TOTAL-LIABILITY-AND-EQUITY> 569,745 556,412 568,600 558,828
<SALES> 474,699 131,375 273,351 415,150
<TOTAL-REVENUES> 474,699 131,375 273,351 415,150
<CGS> 287,625 79,266 163,952 248,763
<TOTAL-COSTS> 387,083 107,409 223,419 338,650
<OTHER-EXPENSES> 696 95 94 457
<LOSS-PROVISION> 1,302 245 618 897
<INTEREST-EXPENSE> 17,476 4,830 9,584 14,005
<INCOME-PRETAX> 69,444 19,041 40,254 62,038
<INCOME-TAX> 25,020 6,940 14,869 22,929
<INCOME-CONTINUING> 44,424 12,101 25,385 39,109
<DISCONTINUED> 5,774 1,294 3,005 3,765
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 50,198 13,395 28,390 42,874
<EPS-PRIMARY> 1.74 0.46 0.97 1.47
<EPS-DILUTED> 1.69 0.45 0.95 1.43
</TABLE>
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