Industrials
Specialty Industrial Machinery
$41.81B
21.5K
Key insights and themes extracted from this filing
Net sales reached $1,736.2 million, a $139.1 million or 8.7% increase YoY, primarily due to a 9% contribution from acquisitions. Organic sales showed a more modest increase.
Operating margins decreased to 25.6% from 26.9% YoY, impacted by $29.2 million in integration costs related to the Paragon acquisition and the dilutive effect of recent acquisitions. Excluding these factors, operating margins increased by 180 basis points.
Net income increased by 1.7% YoY to $310.9 million, while diluted earnings per share rose by 1.5% to $1.34. This minimal growth in EPS is due to the dilutive effects of recent acquisitions.