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ANNUAL MEETING ATTENDEES TOLD IDEX EXPECTS NEW RECORDS IN SALES AND EARNINGS IN 1993; SHAREHOLDERS RE-ELECT BOYCE, HEATH & KRAVIS DIRECTORS

 ROCHESTER, N.Y., April 27 /PRNewswire/ -- Donald N. Boyce, chairman of the board and president of IDEX Corp. (NYSE: IEX), today told shareholders at the company's annual meeting, "We are pleased to report that IDEX's 1992 financial performance was excellent, with records being established in sales and in income and earnings per share before non- recurring items. We expect 1993 to be another record year. While operating in a less than robust economic environment for industrial companies, IDEX has been able to achieve high levels of profit and cash flow. IDEX continued to grow strategically in 1992 through internal product development as well as by acquiring three related businesses."
 On April 20, IDEX reported a 22 percent increase in sales and a 13 percent increase in income before non-recurring items for the first quarter ended March 31, 1993. Earnings per share before unusual items increased to 38 cents from the 35 cents recorded in the comparable quarter of last year.
 Boyce noted, "We expect stronger earnings in the remaining quarters of 1993, and, therefore, also anticipate setting new records in sales, net income and earnings per share for the year. IDEX is very well- positioned in its markets, serves diverse industries, sells throughout the world, and enjoys high margins." He added, "With 1992 acquisitions included for a full year in 1993, declining interest expense, elimination of the charge for equity appreciation rights this year (following adoption of a stock option plan), and a gradually improving economy, we are confident that IDEX will be able to attain new highs this year."
 At the meeting, shareholders re-elected Donald N. Boyce, Richard E. Heath and Henry R. Kravis as directors. Shareholders also approved an amendment to the Restated Certificate of Incorporation, increasing the total authorized shares of common stock to 50 million and preferred stock to 5 million. They also approved the selection of Deloitte and Touche as the company's auditors for 1993, and a new stock option plan for officers.
 IDEX Corp. is a manufacturer of proprietary fluid handling and industrial products with leading positions in niche markets. Its engineered products are sold to a wide range of industries. IDEX shares are traded on the New York Stock Exchange under the symbol IEX.
 For further information on IDEX by FAX, call 800-PRO-INFO, ext. 087.
 -0- 4/27/93
 /CONTACT: Wayne P. Sayatovic, vice president - finance of IDEX, 708-498-7070; or Nick Farina or Lynne Franklin of FRB Chicago, 312-266-7800; or Lillian Armstrong of FRB San Francisco, 415-986-1591/
 (IEX)


CO: IDEX Corp. ST: Illinois IN: SU:

WB -- NY092 -- 1645 04/27/93 14:03 EDT
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Date:Apr 27, 1993
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