Strong EPS and Revenue Growth
EPS reached $1.55, up 36% from Q1, with sales at $529 million, representing an 8% sequential increase.
Improved Operating Income and Margin
Operating income increased by 25% sequentially to $79 million, with an operating margin of 14.9%, up 200 basis points.
Record Performance in Engineered Solutions
Engineered Solutions segment saw a 12% sequential sales increase and an operating margin of 17.4%, matching last year's record performance.
Sustainability Achievements
Achieved 11 out of 12 environmental goals set in 2018, with significant reductions in emissions and waste.
Strategic Growth Initiatives
New capacity expansions for high-growth products expected to support $100 million in revenue growth.
Strong Cash Flow and Balance Sheet
Free cash flow of $34 million and liquidity at nearly $700 million, with net leverage ratio at 1.7x EBITDA.