Financial Highlights - S&P Global's revenue increased by 6% year-over-year[18], reaching $3755 million[42] - Subscription product revenue grew by 7% year-over-year[18] - Adjusted operating profit increased by 7% year-over-year[18], from $1749 million to $1823 million[44] - Adjusted diluted EPS increased by 10% year-over-year[18], reaching $4.43[45] - The company returned nearly $950 million to shareholders through dividends and share repurchases[18] Segment Performance - Market Intelligence revenue increased by 5%[42], totaling $1217 million[50], with organic constant currency revenue growth of 7%[51] - S&P Global Ratings revenue increased by 1%[42], reaching $1148 million[56], with transaction revenue decreasing by 4% year-over-year and non-transaction revenue increasing by 8% year-over-year[57] - Commodity Insights revenue increased by 8%[42], totaling $555 million[61], with organic constant currency revenue growth of 8%[62] - Mobility revenue increased by 10%[42], reaching $438 million[65], with organic constant currency revenue growth of 10%[66] - S&P Dow Jones Indices revenue increased by 15%[42], totaling $446 million[70], with organic constant currency revenue growth of 15%[71] Strategic Initiatives - Active users of Spark Assist have increased from approximately 30% to over 65%[33] - The number of internally published use cases, or "Sparks", has increased from 1300 to more than 3000[33] Market Conditions - Billed issuance decreased by 4%[24], from $1062 billion to $1017 billion[22]

Q2 2025 Performance - Net sales increased by 2% year-over-year to $625 million, compared to $613 million in Q2 2024[6] - Electronics net sales increased by 12% year-over-year to $439 million[6] - Industrial & Specialty net sales decreased by 16% year-over-year to $186 million[6] - Adjusted EBITDA increased by 1% year-over-year to $136 million[6] - Adjusted EPS increased by 3% year-over-year to $037[6] - Organic net sales increased by 6% year-over-year[6] Segment Performance - Electronics organic growth was 9%, driven by Assembly, Circuitry and Semiconductor[6, 9] - Industrial & Specialty organic growth was 1%[6, 11] Balance Sheet and Cash Flow - Q2 2025 adjusted free cash flow was $59 million[15] - Net debt to adjusted EBITDA ratio was 21x as of June 30, 2025[15] - Repurchased approximately $20 million of shares in Q2 2025 at an average price of $2045 per share[15] FY 2025 Guidance - The company expects adjusted EBITDA to be in the range of $530 million to $550 million[17] - The company expects adjusted EPS to be approximately $145[17]

Financial Performance - Total Q2 Net Product Revenues reached $672 million, a 64% increase year-over-year[17, 24] - Total TTR Net Revenues in Q2 were $544 million, representing a 77% year-over-year growth[17] - Rare Franchise Net Product Revenues in Q2 totaled $128 million, a 24% increase year-over-year[28] - Alnylam increased its 2025 Total Net Product Revenue Guidance to a range of $2650 million to $2800 million[17, 74] - The company's Q2 Non-GAAP Operating Income was $95 million[70] Commercial Highlights - U S ATTR-CM launch contributed approximately $150 million in revenue during Q2[33, 34] - There are approximately 1,400 ATTR-CM patients receiving AMVUTTRA as of June 30, 2025[17, 37, 45] - U S TTR franchise experienced 125% year-over-year growth in Q2[32] - GIVLAARI saw a 30% year-over-year growth, driven by an approximately 18% increase in global patients on therapy[29] - OXLUMO experienced a 15% year-over-year growth, driven by an approximately 16% increase in global patients on therapy[29] Pipeline Development - The TRITON-CM Phase 3 study for nucresiran in ATTR-CM has been initiated, with a targeted launch around 2030[17, 60] - Phase 1 multidose results for mivelsiran in Alzheimer's Disease were announced[17] - A Phase 1 study for ALN-4324 in Type 2 Diabetes was initiated[17]

Q2 2025 Performance - Adjusted Net Sales reached $801.4 million, exceeding the upper end of guidance[7, 8] - Adjusted EBITDA was $73.3 million, also surpassing the upper end of guidance[7, 8] - Adjusted EBITDA margin increased by 20 bps to 9.1%[38] - Adjusted Net Sales increased 1.4% year-over-year[38, 40] Full Year 2025 Outlook - The company anticipates Adjusted EBITDA in the range of $345 million to $375 million[7] - Free Cash Flow is expected to be at least $130 million[7] - Adjusted Net Sales growth is projected to be between -0.5% and 1.0%, equating to $3.360 to $3.415 billion[7, 48] Sales Drivers - Volume/mix had a negative impact of (6.2)%, influenced by margin management and the griddle recall[40] - The Harris Tea acquisition contributed positively with 4.5%[40] - Pricing adjustments resulted in a benefit of 4.2%[40] Capital Allocation - Capital expenditures are planned at approximately $125 million to enhance capabilities in growing categories[44, 48]

Q2 2025 Performance - New Enrollments increased by 42% in Q2 2025 as reported[27] - Total Enrollment increased by 6% in Q2 2025 as reported, reaching 472,000[27] - Revenue increased by 5% to $524 million in Q2 2025 as reported[27] - Adjusted EBITDA increased by 15% to $214 million in Q2 2025 as reported[27] - Adjusted EBITDA margin increased by 348 bps to 409% in Q2 2025 as reported[27] - Year-to-date New Enrollments increased 7% and Total Enrollments increased 6%[18] H1 2025 Performance - Revenue was $760 million, a decrease of 2% as reported, but an increase of 6% organically[30] - Adjusted EBITDA was $220 million, an increase of 1% as reported, but an increase of 9% organically[30] - Adjusted EBITDA margin was 289%, an increase of 83 bps as reported[30] Capitalization and Share Count - Cash & Cash Equivalents totaled $135 million as of June 30, 2025[43] - Net Cash was $19 million as of June 30, 2025[43] - $71 million of shares were repurchased in H1 2025[43] 2025 Outlook - Revenue growth is expected at 3%-4% on a USD reported basis, and 6%-7% on an organic constant currency basis[50] - Adjusted EBITDA growth is expected at 9%-10% on a USD reported basis, and 11%-13% on an organic constant currency basis[50] - The company increased full-year 2025 guidance by $55 million for Revenue and $16 million for Adjusted EBITDA due to strengthening of MXN and PEN currencies[18]

Q2 2025 Performance - Net revenues reached $199 billion, a 150% increase compared to Q2 2024, with 83% organic growth[16, 20] - Adjusted EBITDA was $272 million, up 177% from Q2 2024, with adjusted EBITDA margin increasing by 30 basis points to 137%[16, 20] - Adjusted diluted earnings per share increased by 182% to $039 compared to Q2 2024[16, 20] - Year-to-date adjusted free cash flow was $186 million, a 388% increase year-over-year, representing 400% conversion[16] Segment Performance - Safety Services net revenues were $1362 billion, a 158% increase compared to Q2 2024, with 56% organic growth[22] - Specialty Services net revenues were $629 million, a 133% increase compared to Q2 2024, with 133% organic growth[22] - Safety Services adjusted gross profit was $506 million, a 179% increase, with adjusted gross margin at 372%[22] - Specialty Services adjusted gross profit was $114 million, a (50)% decrease, with adjusted gross margin at 181%[22] Guidance and Capitalization - The company projects net revenues of $7650 to $7850 million and adjusted EBITDA of $1005 to $1045 million for FY 2025[25, 26] - Q3 2025 net revenues are expected to be $1985 to $2035 million, with organic growth of 5%-7% and adjusted EBITDA of $270 to $280 million[26]

Q2 2025 | Earnings Results July 31, 2025 Safe Harbor and Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated sales growth, anticipated adjusted operating margin expansion, anticipated adjusted net earnings per share, anticipated adjusted cash flow conversion, and antici ...

Q2 2025 Performance Highlights - The company reached 181 million average monthly unique visitors[9, 13] - Digital advertising growth improved to +4% year-over-year[10, 46] - Total debt paydown of $23.4 million[10, 13, 16] and ~$100 million year-to-date[13, 16] - The company has $88.5 million in cash and cash equivalents[13, 16, 61] Financial Results - Total revenues were $584.9 million[22] - Total digital revenues reached $265.4 million, accounting for 45% of total revenues[13, 18, 23, 49] - Free cash flow was $17.6 million[32, 99] - Total Adjusted EBITDA was $64.2 million[29] with a margin of 11%[30, 97] Digital Marketing Solutions - Core platform revenues for Digital Marketing Solutions were $116.9 million[13, 66, 69] - Core platform ARPU for Digital Marketing Solutions reached $2,830[50, 66, 69] - Core platform average customer count for Digital Marketing Solutions was 13800[13, 66, 69] 2025 Business Outlook - Total digital revenues are expected to grow approximately 3%-5% on a same-store basis in the second half of 2025[38] - The company expects growth in excess of 30% versus the prior year in cash provided by operating activities[38] - Free cash flow is expected to grow in excess of 30% versus the prior year[38]

EARNINGS RESULTS July 2025 2 nd QUARTER 2025 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the third quarter of 2025 and beyond. Forward-looking statements include projections of sales, earnings, general economic conditions, market conditions, working capital, market shares, free cash flow, pricing levels, and effective tax rates. Belden disclaims any oblig ...

Financial Performance - Comcast's revenue increased by 2.1% to $30.3 billion in 2Q25, compared to $29.7 billion in 2Q24 [6] - Adjusted EBITDA increased by 1.1% to $10.3 billion in 2Q25, compared to $10.2 billion in 2Q24 [6] - Adjusted EPS increased by 3.3% to $1.25 in 2Q25, compared to $1.21 in 2Q24 [6] - Free cash flow generation was $4.5 billion in 2Q25 [7, 15, 21] - The company returned $2.9 billion of capital to shareholders in 2Q25 [7, 14] Connectivity & Platforms - Connectivity & Platforms revenue decreased by 0.4% to $20.4 billion in 2Q25 [8] - Residential Connectivity revenue increased by 4%, driven by domestic wireless revenue (+17%), international connectivity revenue (+9%), and domestic broadband revenue (+2%) [8] - Business Services Connectivity revenue increased by 6.3% to $2.575 billion in 2Q25 [8] - Comcast added 378,000 wireless lines, achieving 14% penetration of domestic residential broadband customers [8] Content & Experiences - Content & Experiences revenue increased by 5.6% to $10.6 billion in 2Q25 [11] - Media revenue increased by 1.8% to $6.440 billion in 2Q25 [11] - Theme Parks revenue increased by 18.9% to $2.349 billion in 2Q25, driven by the successful opening of Epic Universe in Orlando [11] - Peacock revenue increased by 18% to $1.2 billion, with subscribers remaining steady at 41 million [11] - How to Train Your Dragon grossed over $600 million in worldwide box office [11, 40]