Industrials
Building Products & Equipment
$85.16B
40K
Key insights and themes extracted from this filing
Q2 2024 net revenues reached $5.3B, up 12.8% YoY, driven by strong demand across Americas and EMEA segments. This growth indicates a robust market position and effective sales strategies.
Gross profit margin increased to 36.5% in Q2 2024, a 280 basis point improvement YoY, primarily due to gross productivity and price realization. This indicates improved operational efficiency and pricing power.
Selling and administrative expenses increased by 28.9% YoY to $901.3 million, driven by increased human capital costs and business reinvestment. This increase outpaces revenue growth, suggesting potential margin pressure.