Solid Adjusted EPS Growth
Adjusted EPS for the quarter was $10.09, a 5% increase over the prior year, despite challenges from tariffs and market conditions.
Growth in Industrial and Product Inspection Segments
Core Industrial sales grew 4%, and Product Inspection sales increased 8% driven by market share gains and new product offerings.
Strong Performance in Americas and Southeast Asia
Local currency sales increased 3% in the Americas and strong growth in Southeast Asia was noted, contributing to better-than-expected results.
Service Business Growth
Service business grew 4% in the quarter and 5% year-to-date, with optimistic outlook for the second half of the year.