Strong Order Growth and Backlog Increase
Year-to-date, organic orders are up 2% with a book-to-bill ratio of 1.04x. Orders showed continued strength in Q3, up 8% year-over-year, or 2% organically. The backlog is up high teens from the end of 2024.
Successful M&A Strategy
The company has closed 14 transactions year-to-date with 9 additional transactions under LOI, achieving high-return bolt-ons averaging a 9.5x pre-synergy multiple. The acquisition of Dave Barry Plastics enhances capabilities in life science applications.
Innovative Product Launch
Introduced the META Contact Cool Compressor in Europe, offering up to an 11% increase in flow while occupying 40% less space and reducing energy consumption by 14%.
PST Segment Growth
PST orders were up 11% year-over-year with a book-to-bill of 1.01x. Third-quarter revenue increased by 5%, driven by a balance of organic growth, FX, and M&A.