Idex Corp., which manufactures the Jaws of Life rescue equipment and other products, said Monday its third-quarter profit surged 30 percent on higher sales.
For the month that ended Sept. 30, the manufacturer reported net income of $38.6 million, or 47 cents a share. That compared with net income of $29.8 million, or 37 cents a share, in the year-ago quarter.
Excluding $3.5 million in one-time restructuring charges, the company's adjusted net income was $41 million, or 50 cents a share.
Sales totaled $373.7 million, up 16 percent from $323.3 million in the year-ago quarter.
Analysts surveyed by Thomson Reuters had predicted earnings of 47 cents a share on revenue of $361.5 million. Such estimates typically exclude one-time items.
Idex, which is based in Lake Forest, Ill., also manufactures a variety of other devices, including pumps, medical devices and metering pumps.
Looking ahead, the company has forecast fourth-quarter earnings of 49 cents to 51 cents a share, excluding restructuring charges. Analysts expect earnings of 48 cents a share.
For the full year, Idex predicted earnings to range between $1.95 and $1.97 per share, excluding restructuring charges. Analysts have forecast full-year earnings of $1.91 per share.
Idex released its earnings after the market closed. Its shares closed up 53 cents at $37.08 on Monday and were unchanged in after-hours trading.
