🔹 Adj EPS: $2.16 (Est. $2.01) 🟢; UP +12% YoY
🔹 Revenue: $6.3B (Est. $6.1B) 🟢; UP +1.4% YoY
🔹 Organic Sales Growth: +0.6% YoY
🔹 Adj Oper Margin: 24.5%; UP +290 bps YoY
FY25 Guide:
🔹 Adj EPS: $7.75 – $8.00 (Est. $7.67) 🟢
🔹 Adj Sales Growth: ~+2.5%
🔹 Adj Organic Sales Growth: ~+2.0%
🔹 Adj Operating Cash Flow: $5.1B – $5.5B
🔹 Adj Free Cash Flow Conversion: >100%
Cash Flow & Capital Return
🔹 Operating Cash Flow: $(1.0)B (impacted by $2.2B legal payments)
🔹 Adjusted Free Cash Flow: $1.3B
🔹 Capital Return: $1.3B via dividends + share repurchases
CEO Commentary
🔸 “We delivered strong results in the second quarter, posting positive organic sales growth and double-digit EPS growth.”
🔸 “With execution improving and solid results in the first half, we have confidence in our increased full-year EPS guidance, which now embeds the expected impact of tariffs.”