What IDEX Corporation told the SEC could break it.

About 34% of IDEX's 2025 net sales were recorded by subsidiaries with non-US-dollar functional currencies; a stronger US dollar produces unfavorable translation effects on its results, financial position and cash flows.

“Approximately 34% of net sales in 2025 were recorded by subsidiaries with functional currencies other than the U.S. Dollar. Results of these subsidiaries are translated into U.S. Dollars for reporting purposes and the strengthening of the U.S. Dollar could result in unfavorable translation effects.”

IDEX's global operations are exposed to changing trade regulations, trade wars, new/increased tariffs and trade barriers (especially US-China and US-Russia relations); it attempts to offset commodity/tariff cost impacts via price increases and supplier programs.

“the imposition of and changes in the United States' and other governments' trade regulations, trade wars, increased or new tariffs and other trade barriers, and variability and unpredictability in trade relations, including as a result of geopolitical developments (such as escalating tensions in the Middle East) and relations between the United States and China and the United States and Russia”

IDEX and seven of its subsidiaries are defendants in numerous lawsuits alleging asbestos-related personal injuries from exposure to products made with asbestos-containing components.

“In addition, the Company and seven of its subsidiaries are presently named as defendants in a number of lawsuits claiming various asbestos-related personal injuries, allegedly as a result of exposure to products manufactured with components that contained asbestos.”