The acquisition of Atrion contributed to the MFS segment's revenue, but this was offset by organic sales declines in the IPS, MFS, and ATS segments. The company's overall revenue decreased by 2.8%, indicating that organic growth initiatives are not currently offsetting the impact of the acquisition.

Additions to property, plant, and equipment were largely driven by productivity and growth projects, including a new manufacturing facility. This indicates a focus on long-term growth and operational efficiency.

The ATS operating margin improved by 140 basis points despite lower sales, due to strategic cost reduction actions and manufacturing footprint optimization actions. This indicates effective management of costs in the ATS segment.

The Company is well-positioned to manage liquidity needs that arise from working capital requirements, capital expenditures and contributions related to pension and postretirement obligations, as well as principal and interest payments on our outstanding debt. This indicates sound financial management.

The filing states that there have been no material changes to the risk factors described in the 2024 Form 10-K. This suggests that the company's risk profile has remained relatively stable during the period.

The IPS organic sales decrease of 8.4 percent was driven primarily by weaker systems demand in polymer processing and industrial coatings product lines. This indicates potential competitive pressures or market shifts in these segments.

ATS operating margin improved by 140 basis points despite lower sales, due to strategic cost reduction actions and manufacturing footprint optimization actions. This demonstrates improved operational efficiency in this segment.

The company repurchased shares during the quarter, and $467.87M remains available for future repurchases under authorized programs. This indicates a continued focus on returning capital to shareholders.

Average exchange rates for 2025 used to translate international sales and operating results into U.S. dollars were generally unfavorable compared with average exchange rates existing during 2024. This indicates a negative impact from the macroeconomic environment.