Strong Earnings Per Share Growth
Earnings per share were up 4% excluding currency, in line with expectations.
Volume Growth in Both Segments
The company experienced volume growth across both segments, particularly in high-value categories such as graphics, reflective solutions, and industrial tapes.
Solutions Group Performance
The Solutions Group reported strong top-line growth and margin expansion, driven by a robust base business and low single-digit growth in high-value solutions.
Intelligent Labels and Food Industry Collaboration
Intelligent labels grew mid-single digits, driven by strong growth in apparel and food categories, with a strategic collaboration with Kroger underway.
Strong Adjusted EBITDA Margin
The company achieved an adjusted EBITDA margin of 16.4% in the quarter, up 10 basis points compared to the prior year.
Balance Sheet and Capital Allocation
The net debt to adjusted EBITDA ratio was 2.3 at quarter-end, with $331 million returned to shareholders through share repurchases and dividends.