Record Third Quarter Performance
Sales increased 3%, adjusted operating income rose 10%, return on sales expanded 160 basis points to 25.7%, and adjusted EPS increased 14% to $1.24.
Successful Acquisition of HydroStop
Acquired HydroStop for approximately $292 million in cash, enhancing the commercial flow business with a strong financial profile and strategic fit.
Increased Full-Year Guidance
Full-year sales growth guidance increased to approximately 2% and adjusted EPS to approximately $4.85 to $4.90, up 12% to 13% from 2024.
Record Free Cash Flow
Generated record free cash flow of $719 million year to date, up 14% year over year.
Transformation Savings
Delivered approximately $56 million in transformation savings year to date and are on track to reach $80 million for 2025.
Strong Financial Position
Return on invested capital increased to 16.7% from 15.2% a year ago, and net debt leverage ratio decreased to 1.3 times.