Strong Earnings and Margins
Adjusted earnings per share of $2.16, up 12% year-over-year, with operating margins increasing by 290 basis points due to productivity and cost controls.
Robust Cash Flow and Shareholder Returns
Free cash flow was solid at $1.3 billion for the quarter with a 110% conversion rate, and $3 billion was returned to shareholders via dividends and share repurchases in the first half.
Increased Product Launches
Launched 64 new products in Q2, a 70% increase from last year, with an aim to exceed the target of 126 launches for the year.
Global Growth and Expansion
Organic sales growth of 1.5%, led by China up mid-single digits, and positive year-on-year growth in all three business groups.
Improved Operational Metrics
On-time and full metric reached 89.6%, the highest in nearly 6 years, with SIBG improving over 300 basis points year-on-year.
Revised Earnings Guidance
Earnings guidance increased to a range of $7.75 to $8, reflecting strong first-half performance and anticipated impact of tariffs.