The company completed multiple acquisitions in Q2 2024, including Controlled Fluidics, Ethafilter, Air Systems, Complete Air and Power Solutions, Fruvac Ltd., Del PD Pumps & Gear Pvt Ltd., and ILC Dover, expanding their product portfolio and market reach.

The company divested three wholly-owned subsidiaries that held asbestos liabilities and certain assets, including the related insurance assets, to a third-party, resulting in a pre-tax loss of $58.8 million.

The company continues to undertake restructuring actions to optimize its cost structure, incurring charges of $3.9 million in Q2 2024 related to workforce restructuring, facility consolidation and other exit and disposal costs.

The increase in gross profit margin to 43.9% in Q2 2024, up from 41.4% in Q2 2023, indicates management's success in implementing pricing strategies and improving input cost productivity.

The company issued $3.3 billion in new senior unsecured notes in May 2024 to repay existing debt, demonstrating proactive capital management.

The company reported compliance with all covenants of its Senior Notes and New Revolving Credit Facility as of June 30, 2024, indicating effective financial risk management.

A significant portion of revenues (approximately 53%) are denominated in currencies other than the U.S. dollar, exposing the company to potential adverse impacts from exchange rate movements.

The company acknowledges the potential for large or rapid increases in the cost of raw materials and component parts, as well as supply chain disruptions, which could materially affect operating results.

The company faces competition in the markets it serves, which could materially and adversely affect operating results.

The company's acquisition strategy aims to expand its product portfolio, extend its reach in attractive end markets, and drive growth from aftermarket services and offerings.

The company's products are sold under a collection of premier, market-leading brands, which are globally recognized in their respective end-markets and known for product quality, reliability, efficiency and superior customer service.

The company highlights the importance of developing new products and technologies to maintain its competitive position and drive sales and market share.

The company continues to undertake restructuring actions to optimize its cost structure, including workforce restructuring, facility consolidation, and other exit and disposal costs.

The company has agreements with financial institutions to facilitate a supply chain finance program, allowing suppliers to sell their receivables, which can improve working capital management.

The company cites favorable cost productivity and product mix as contributing to increased Adjusted EBITDA and gross profit margins.

The company's acquisition strategy includes targeting companies that provide access to new technologies, which is a key driver for future growth.

The company highlights the importance of developing new products and technologies to maintain its competitive position and drive sales and market share.

The company's acquisition of EcoPlant Technological Innovation Ltd. reflects its focus on digital solutions and leveraging software-as-a-service platforms to optimize performance and resource consumption.

The company issued $3.3 billion in new senior unsecured notes to repay existing debt, demonstrating proactive capital management and access to capital markets.

The company repurchased shares of its common stock during the quarter, reflecting a commitment to returning capital to shareholders.

The company's acquisition strategy is a significant use of capital, as evidenced by the multiple acquisitions completed in the first half of 2024.

The company divested its asbestos-related liabilities, which reduces its exposure to environmental and legal risks associated with asbestos litigation.

The company's acquisition of Howden Roots LLC is intended to expand its blower product portfolio and benefit from Roots' robust technical capabilities and exposure to growing sustainability-related applications.

The company states that it does not anticipate any material adverse effect on its results of operations, financial condition, liquidity or competitive position as a result of compliance with environmental laws or cleanup costs.

The company's financial results closely follow changes in the industries and end-markets it serves, and demand for its products depends on the level of new capital investment and maintenance expenditures by its customers.

The company acknowledges exposure to the risks associated with instability in the global economy and financial markets, which may negatively impact revenues, liquidity, suppliers and customers.

The company recognizes that a natural disaster, catastrophe, pandemic, geopolitical tensions or other event could adversely affect its operations.