Financial Performance - Q2 2025 - Total company sales decreased by 2% year-over-year, but were in line with the prior year excluding divestiture and currency impacts[20, 24, 25] - Adjusted gross margin improved by 10 basis points to 37.7%[20] - Adjusted operating profit margin expanded by 100 basis points to 20.1%[20, 24] - Adjusted EPS grew by 8% to $1.30 per share[20, 24] Segment Performance - Q2 2025 - Plumbing Products segment sales increased by 5%, or 4% excluding currency impacts[26, 28] - Plumbing Products segment operating margin increased 110 basis points to 21.0%[26] - Decorative Architectural Products segment sales decreased by 12%, or 4% excluding divestiture[29, 30] - Decorative Architectural Products segment operating margin increased 50 basis points to 21.3%[29] Financial Position and Outlook - The company repurchased 1.6 million shares for $101 million[20] - The company anticipates full-year adjusted EPS to be in the range of $3.90 - $4.10 per share[20, 32] - The company expects to deploy at least $450 million for share repurchases or acquisitions in 2025[40, 41]