Industrials
Specialty Industrial Machinery
$28.41B
23K
Key insights and themes extracted from this filing
Q1 2025 revenue increased by 1.8% YoY to $2,069 million, driven by organic growth of 3.3% and $5 million from acquisitions and divestitures. Foreign currency translation had an unfavorable impact of $26 million. This shows a balanced approach to growth.
Gross margin increased by 10 basis points YoY to 37.1%. This was driven by productivity savings and price realization, offsetting unfavorable operational impacts like inflation and mix. This indicates effective cost management and pricing strategies.
SG&A expenses decreased by $14 million YoY to $460 million, or 22.2% of revenue. This was driven by productivity savings and favorable foreign currency exchange, indicating improved operational efficiency.