Steady Core Sales Growth
Achieved 4.8% core sales growth for the fourth consecutive quarter, with Water Quality delivering 5% growth and PQI 4.6% growth.
Increased Adjusted Earnings Per Share
Adjusted EPS grew 9.4% year-over-year to $0.93, exceeding the high end of guidance by $0.05.
Raised Full Year EPS Guidance
Full year adjusted EPS guidance raised to $3.72 to $3.80 per share, up from $3.60 to $3.70.
Strong Cash Flow and Financial Position
Generated $323 million of free cash flow, an increase of $83 million year-over-year, and maintained net leverage just under 1x.
Water Quality Segment Performance
Water Quality segment saw 6.2% sales growth and 11.5% increase in adjusted operating profit, with a 25.9% adjusted operating profit margin.
Positive Market Trends in High Growth Markets
Core sales grew 6.1% in high growth markets, led by strong growth in Latin America and India.