
Q2 2025 Financial Performance - Sales increased by 6.4% year-over-year, reaching $1.371 billion[16] - Core sales growth was +4.8%, driven by a +3.1% increase in volume and a +1.7% increase in price[8] - Adjusted operating profit reached $325 million, with a margin of 23.7%[8] - Adjusted EPS increased by 9.4% year-over-year to $0.93[8] - Free cash flow was $323 million, representing a 145% free cash flow conversion[8] Segment Performance - Water Quality sales reached $825 million, a 6.2% increase year-over-year[20] - Water Quality adjusted operating profit increased by 11.5% to $214 million, with a margin of 25.9%[23] - Product Quality & Innovation sales reached $546 million, a 6.8% increase year-over-year[28] - Product Quality & Innovation adjusted operating profit decreased slightly by 0.7% to $140 million, with a margin of 25.6%[31] Regional Sales Growth - North America core sales grew by +5.6% in Q2 2025 and +5.7% YTD, representing 48% of total sales[11] - Western Europe core sales grew by +6.3% in Q2 2025 and +8.5% YTD, representing 23% of total sales[11] - High Growth Markets core sales grew by +6.1% in Q2 2025 and +6.1% YTD, representing 27% of total sales[11] 2025 Guidance - The company expects mid-single-digit core sales growth for Q3 and full year 2025[39, 40] - Adjusted EPS is projected to be between $0.91 and $0.95 for Q3 2025, and between $3.72 and $3.80 for the full year[39] - Free cash flow conversion is expected to be between 90% and 100% for the full year[39]