Guidance And Earnings ForecastThe company raised guidance on Q3 tracking better in July, forecasting adjusted EPS of $2.60 with margin expansion driven by its Cost and Simplicity initiatives and a favorable product mix.
ProfitabilityProfitability was well ahead of Street expectations across the board, with adjusted EBITDA coming in ~14% ahead of expectations, while adjusted EPS beat by ~9%.
Stock BuybacksCENT repurchased $55m of stock in Q3, with an additional $46m authorized for future buybacks, viewing this as a good way to return money to shareholders.