Financial Performance - Second quarter revenue reached $2.301 billion, representing a 6% overall growth[6] - Organic revenue growth was 6%[6] - Adjusted EBITDA margin hit a record quarterly high, expanding by 100 bps[7] - Earnings per share reached $0.93, with adjusted EPS at $1.26[6] - The company is raising its full-year revenue guidance to $8.9 - $9.0 billion, reflecting a 4-5% total growth[20] - The company is raising its full-year adjusted EPS guidance to $4.70 – $4.85[20] Segment Performance - Measurement and Control Solutions saw order growth of 12% and revenue growth of 10%[14] - Water Infrastructure experienced a 2% decline in orders but a 4% revenue growth[14] - Applied Water orders grew by 4% and revenue by 5%[14] - Water Solutions and Services orders grew by 5% and revenue by 5%[14] Tariff Impact - The company estimates a total tariff impact of $255 million on imports of $1.1 billion[17] - Net tariff exposure is estimated at $160 million after accounting for USMCA compliant imports from Mexico[17] - Tariff costs are being mitigated through pricing and supplier management[19]

Group 1: Acquisition Overview - SPIE has signed an agreement to acquire SD Fiber, enhancing its FttX expertise in Switzerland and southern Germany [1][4] - The acquisition will allow SPIE to expand its service offerings in the fiber optic market, which is crucial for future digital infrastructure [4][5] - Upon completion, SPIE will acquire 96% of SD Fiber, with the remaining 4% retained by the current management team [7] Group 2: Company Profiles - SD Fiber specializes in deploying fiber optic networks, offering turnkey solutions from planning to maintenance [2] - The company is headquartered in Dietikon, Zurich, employs approximately 340 people, and generated revenue of around €70 million in 2024 [3] - SPIE, with 55,000 employees, achieved consolidated revenues of €9.9 billion and EBITA of €712 million in 2024 [8] Group 3: Strategic Importance - The acquisition is seen as a strategic move to strengthen SPIE's presence in the growing fiber optic market and smart metering sector [5][6] - SD Fiber's expertise in smart metering is highlighted as a significant growth area for the future [5]