Overview
- Adjusted EPS reached $0.43 versus the $0.41 consensus, and revenue was $955.2 million versus $943.13 million expected.
- Reported net sales declined 1.6% year over year, or 2.5% organically, while gross margin expanded by 20 basis points.
- Orders totaled $972.5 million, up 5.5% as reported and 4.5% organically, with growth across every segment.
- For the third quarter, the company guided to adjusted EPS of $0.42–$0.48 and revenue of $923 million–$963 million, above the $915.87 million revenue estimate.
- Shares rose about 5.8% to $18.55 in after-hours trading and were up roughly 8.8% premarket near $19.07.