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    Jeff Sprague

    Research Analyst at Vertical Research Partners

    Jeffrey T. Sprague is Managing Partner and Senior Equity Analyst at Vertical Research Partners, specializing in the Electrical Equipment and Multi-Industry sectors. Renowned as a top-ranked industrial analyst on Wall Street, Sprague provides coverage on leading companies within these sectors, consistently delivering actionable investment research to institutional clients. He founded Vertical Research Partners in 2010 after holding senior research roles at major firms, and now leads a team that covers over 120 companies in the industrials and materials space. Sprague holds the Chartered Financial Analyst (CFA) credential and is recognized for his deep sector expertise and strong track record of investment insight.

    Jeff Sprague's questions to IDEX CORP /DE/ (IEX) leadership

    Jeff Sprague's questions to IDEX CORP /DE/ (IEX) leadership • Q2 2025

    Question

    Asked for an update on the progress of internal cost-saving initiatives, the expected financial impact of recent tax legislation (OB3), and the level of price realization achieved in the second quarter.

    Answer

    The company detailed the progress on its cost programs, confirming they are on track but noting some productivity is tied to volume. They also confirmed a positive cash impact from tax changes and stated that Q2 price capture was just under 3%, with a slight acceleration expected going forward.

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    Jeff Sprague's questions to DOVER (DOV) leadership

    Jeff Sprague's questions to DOVER (DOV) leadership • Q2 2025

    Question

    Jeff Sprague from Vertical Research Partners sought clarification on the timing and amount of restructuring savings and the specific impact of foreign exchange on the updated revenue guidance.

    Answer

    President and CEO Richard Tobin confirmed a $30 million benefit from prior restructuring actions is reflected in 2025 guidance. He projected at least another $30 million benefit in 2026 from current projects, with the potential for a larger amount pending the timing of complex factory consolidations. Tobin also confirmed the new 4-6% revenue growth forecast includes a one-point benefit from FX, based on year-to-date average rates.

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