Strong Revenue and Earnings Growth
Revenue for Q1 2025 was $625 million, up 17% year-over-year, with earnings per share at $1.6, a 29% increase compared to the prior year.
Record Gross Margins
Gross margins reached 39.8%, the highest since the strategic solutions transformation in 2020, up 140 basis points year-over-year.
Strong Organic Growth
Overall business grew organically by 11%, led by 14% organic growth in the Americas.
Robust Cash Flow and Capital Deployment
Trailing 12-month free cash flow was $220 million. $100 million was deployed to repurchase 1 million shares, reflecting strong capital allocation priorities.
Successful Customer Engagement
Expanded customer relationships in North America by providing industrial wireless products and network infrastructure upgrades, indicating strong future revenue opportunities.
Positive Segment Performance
Automation Solutions segment revenue up 16% and Smart Infrastructure Solutions segment revenue grew 17% year-over-year.