Revenue and Performance Surges
Revenues came in stronger than expected, led by Glass and Services. Services had significant net sales growth for the fifth consecutive quarter, and the Performance Surfaces segment increased driven by the inorganic sales contribution from the UW Solutions acquisition.
Raised Fiscal Year Outlook
The company raised its fiscal year outlook for both revenue and earnings, expecting net sales between $1.40 billion to $1.44 billion and adjusted diluted EPS in the range of $3.80 to $4.20.
Successful Tariff Mitigation
The impact of tariffs has been mitigated more effectively than initially expected, reducing the anticipated EPS impact from $0.45-$0.55 to $0.35-$0.45.
Project Fortify Phase 2 Savings
Aggressive actions under Phase 2 of Project Fortify are expected to drive $13 million to $15 million of annualized savings.