Q3 2025 Financial Performance - Net sales reached $1.05 billion, a 2.5% increase compared to the previous year[10] - Operating margin improved by 120 bps to 13.5%[10] - Diluted EPS increased by 21.2% to $4.98[10] Segment Performance - Infrastructure sales increased by 6.6% to $808.3 million, with operating income up by 15.9%[27, 28] - Utility sales grew by 12.3% to $391.9 million, while Telecommunications saw a significant increase of 37.0% to $88.1 million[31] - Agriculture sales decreased by 9.0% to $241.3 million, with operating income down by 19.7%[34, 35] Capital Allocation and Cash Flow - Q3 2025 operating cash flows were $112.5 million[43] - The company invested $42 million in capital expenditures[41] - Share repurchases amounted to $26 million at an average price of $374.33 per share[41] Outlook - Full-year 2025 net sales are projected to be approximately $4.1 billion[46] - Adjusted diluted EPS outlook raised to $18.70 to $19.50[46] - The adjusted effective tax rate is expected to be around 25.0%[46]

Financial Performance - Net sales increased by 1% to $1.05 billion[9, 23] - GAAP operating margin was 2.8%[9] - Adjusted operating margin decreased by 70 BPS to 13.5%[9] - Operating cash flows increased by 28.1% to $167.6 million[9] - Adjusted diluted EPS decreased by 0.6% to $4.88[23] Strategic Initiatives and Outlook - The company completed organizational realignment work, expecting $22 million in annualized savings in 2026, with $8 million in 2H 2025[8, 16] - The company is investing $100 million of growth capex in 2025 to add capabilities and capacity[11] - The company repurchased $100 million of shares in Q2 at an average price of $279.35 per share[38] - Full-year 2025 adjusted diluted EPS outlook is raised from $17.20-$18.80 to $17.50-$19.50[41] Segment Results - Infrastructure sales increased by 0.4% to $765.5 million, while adjusted operating income decreased by 6.7% to $124.6 million[28] - Agriculture sales increased by 2.7% to $289.4 million, and adjusted operating income increased by 12.2% to $44.8 million[33]