Industrials
Specialty Industrial Machinery
$41.81B
21.5K
Key insights and themes extracted from this filing
Net sales reached $1,734.8 million in Q2 2024, up from $1,646.1 million in Q2 2023. This increase was primarily due to an 8% growth from acquisitions, partially offset by a 2% organic sales decline.
Operating income increased to $447.5 million in Q2 2024 from $418.8 million in Q2 2023. However, operating margins were negatively impacted by the dilutive effect of the 2023 acquisitions, despite a 180 basis points increase excluding the dilutive impact.
Diluted earnings per share reached $1.45 in Q2 2024, a 3.6% increase compared to $1.40 in Q2 2023. This is despite the negative impact on margins from recent acquisitions.