Record Backlog Increase
Backlog increased by $67 million or 23% year-over-year to $360 million, driven by long-cycle project orders.
Order Growth in Strategic Markets
Orders grew by 2% year-over-year to $259 million, with 8% growth in project-related orders and strong performance in EMEA.
Adjusted EPS Ahead of Expectations
Adjusted earnings per share (EPS) came in slightly ahead of expectations at $0.50.
SG&A Expense Management
SG&A expenses were down 5% excluding acquisition-related expenses, contributing to improved cost management.
Positive Market Opportunities
Strong demand and quotation activity in verticals like battery production, e-commerce, food and beverage, aerospace, and defense.