Industrials
Specialty Industrial Machinery
$37.43B
18K
Key insights and themes extracted from this filing
Q3 revenue reached $1,861.0 million, a 7.0% increase YoY, primarily driven by acquisitions ($155.1 million), higher pricing ($32.3 million) and favorable foreign currency impact ($7.9 million), partially offset by lower organic volumes ($73.2 million).
Gross profit margin increased to 43.8% in Q3 2024 from 42.5% in Q3 2023, primarily due to increased price and input cost productivity improvements.
Operating expenses increased by $15.9 million YoY, and interest expense increased by $24.2 million YoY, impacting net income, despite the increase in gross profit.