Steady Core Sales Growth
Achieved 4.8% core sales growth for the fourth consecutive quarter, with Water Quality delivering 5% growth and PQI 4.6% growth.
Adjusted Earnings Per Share Increase
Adjusted EPS grew by nearly 13% year-over-year, with a specific Q2 growth of 9.4% to $0.93, exceeding guidance.
Strong Free Cash Flow
Generated $323 million in free cash flow in Q2, an increase of $83 million year-over-year.
Water Quality Segment Performance
The Water Quality segment showed a 6.2% sales increase with a 25.9% adjusted operating profit margin, up 120 basis points year-over-year.
Western Europe Growth in Water Quality
Western Europe Water Quality sales grew 11.4%, supported by improvements in commercial architecture and sales leadership.
Raised Full Year EPS Guidance
Increased full-year adjusted EPS guidance to $3.72 to $3.80 per share from $3.60 to $3.70.