Adjusted Earnings Outperformance
Second quarter adjusted earnings were $0.53 per share, exceeding both the company's plans and prior year results, driven by the Fit to Win program and improved competitiveness.
Fit to Win Program Success
Achieved $84 million in savings in Q2, with a first-half total of $145 million, on track to meet or exceed the $250 million target for 2025.
Increased Full Year Guidance
Full year 2025 adjusted earnings are expected to increase between 60% and 90% compared to 2024, with a $300 million year-over-year improvement in free cash flow.
Americas Segment Strength
Americas segment operating profit improved significantly with higher shipments and stable net price amid tight capacity utilization.
Cost Reduction and Inventory Management
Achieved approximately $160 million reduction in inventories compared to the same period last year, with a target of fewer than 50 days of supply by year-end 2025.