Loading...
The company faced a 5% decline in reported sales and lower EPS, impacted by prior-year shipment timing and macroeconomic headwinds. However, margin expansion initiatives supported stronger-than-expected profitability.
Reported revenue was $883.7 million, down 5% year-over-year.
GAAP EPS was $7.81; adjusted EPS declined to $8.19.
Net income came in at $163.6 million.
Gross margin improved slightly to 59.5% despite revenue pressure.
Management expects flat to modest growth in local currency sales for Q2 and full year 2025, with adjusted EPS impacted by tariffs and prior shipment timing.
Visualization of income flow from segment revenue to net income