Productivity and pricing - Margin expansion was driven by productivity savings and strong price realization, per the company.
Industrial demand - The CEO said demand is increasing from industrial sectors including AI infrastructure, semiconductors, power generation, and life sciences.
Lower restructuring costs - Improved net income was attributed in part to lower restructuring and realignment costs.
Quarterly results
Water solutions provider's Q2 revenue rose 2% year over year, but missed analyst expectations.
Adjusted EPS for Q2 rose 16% and beat analyst expectations.
The company cited productivity savings and strong price realization for margin expansion.
Key figures and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$2.30 billion
$2.34 billion (18 analysts)
Q2 Adjusted EPS
Beat
$1.46
$1.34 (18 analysts)
Q2 EPS
$1.11
Q2 Adjusted Net Income
Beat
$345 million
$323.71 million (15 analysts)
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell".
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