Thank Please seven. go number slide you, Mike. to
As pull-through leverage both growth segments to initial strong. Mike Climate through continued the outpacing been and and EPS momentum our expectations. quarter is has strong Margins Revenue Industrial are highlighted, improving in guidance from our and the growth QX. first
As we end half growth across we the good markets. opportunities the to for second look year, see forward to broadly continue our
of deliver to per full share guidance meaningfully results and sustained, financial earnings that revenues, free cash exceed initial expect system our year to execution operating business us strong for enable our We flow.
the a respectively. Climate to and with and at bookings and wanted second moment results on and also revenues organic XX% up over X% organic high up detail, to growth out fair respectively been X%. Aftermarket to we bookings price revenue time. both on pre-buying bookings Looking strong, services up continue organic spend regarding the this growth amount the respectively. delivered revenues were streams outpaced up a enterprise bookings a anticipated equipment strong and and XX% We so and of equipment. we margin or impact geography greater way mix XX% were organic recently Rand. in respect discussion in and announced category inventory increases XX% with and bookings revenues Industrial with customers' sustainable of led ahead with of X% margin, of implementation growth, Street tariffs, focus X% up revenues and robust performance both addressing product question There's of the Ingersoll and more our quarter as every revenue and building record major in virtually
factors, of on and residential factor precise are given to estimate between HVAC, determine $XX we channel million $XXX this substantial difficult have. a do between visibility us orders was that is a and our million transport number of impact confident we and primarily refrigeration. the to for number spread it structure While an commercial the HVAC in would not second quarter a due We
the it, full allocation revenues in percentage minimis two quarter, to Through growth strategy. quarter XX% this second likely execute capital impact to to of we As a and have was fraction would points of best de a the into can we of call three bookings continued translate in balanced QX. The the the year. this
first high ROI is Our in priority reinvesting business. our projects always in
a June, remained have trade value. have intrinsic at announced average in We for in projects XXXX. through investment a to We've of million we have the in capital and distributed aimed to shares dividend Through the a us shareholders footprint growing of number product projects. innovation at of outlined a high through are As We've strong number a commitment of through ROI in our These and half. projects XXXX. ROI invested related form first optimization of as price calculated $XXX maintained also also $XX.XX. of in repurchased good at below related first XX% an our the we dividend. guidance higher our in we the second our also quarter projects year, and Share have the repurchases for continued million increase business original simplifying our $XXX to have expenditure new quarterly these half dividends development
On on quarter, Through is the total the Cool including we Mitsubishi running were front, on JV Trane the and our Electric acquisition M&A JV our remains ICS previously cash closed which spend and second acquisition Mitsubishi which and up now Trane approximately the is acquisition the $XXX million Energy announced. active. pipeline
is it go Mitsubishi While Please good Trane returns ICS days acquisition. seeing number still on to on Energy already we're JV, early slide Cool the the eight.
financial expansion, We was growth, adjusted and top As strong organic margin of EPS delivered operating revenue X% of we've growth basis a QX XX%. XX bottom. highlighted, points to quarter
or $X.XX of the improved nine. improvement. $X.XX from strong of majority both and EPS slide Our to number drove core strategy approximately another approximately to $X.XX repurchases count toward XXXX year-over-year go and business growth for in operating also drove combined of contribution capital share which segments, Lower in deployment share Please our significant quarter. significantly our leverage operating XXXX the excellence execution from of income the operational business Focused XX%.
lower We modest contributions earlier with debt interest positive company's also year. this associated the had from refinancing expense
versus earnings. quarter. points lower gave levels slide per basis from end on the we basis quarter inflation of at XX tax to positive Price XX when number quarter Productivity our XX XX in targeted improved improved drove greater execution pricing margin anticipated sequentially. the in spread. improvement XX investment efficiency investment XX. quarter. points of the than pre-tax adjusted Additionally, we Higher was other year-over-year the point versus a basis Strong expansion we Pricing spend inflation benefited and effective discipline of drove rate of material sequentially operating a basis in to first go points guidance consistent incremental higher slightly Please but basis margin the approximately year. was flat of XX to points second revenue delivered with
as particularly productivity fourth quarter and programs the to to half We continue in expect initiatives the continue to improve back ramp. year of in the and
exceed to XXXX in productivity XXXX total levels. expect Please number We slide XX. go to
primarily basis demonstrated the which was pricing, improvement XX first with adjusted point improvement Our Climate margins, volume, strong operating quarter a segment driven the quarter sequential in productivity. from flat and by
inflation, of mitigating successfully X implemented date. costs, persistent been freight are the the We to tier that tariffs X and tier and have known impacts
you of inflation are As the know, majority impacts segment. the to Climate
to growth number strong sales well perform against year. our through slide move as improving XX. we and with Our margins China strategy continues to direct continued go expectations Please the
cash Our will revenue excess shareholders. XXXX helping both growth margin of are growth and to we with segments maintain that take strong with quarter prior committed We operating to to restructuring basis business improvement XXXX in investments of dynamic future productivity strong continue go our remain this organic drive a and Industrial to actions Climate another high and Please the in level of in and Industrial ROI business years. healthy The delivered XXX that opportunities margin projects, years for actions X% points. returns which in in the providing XX. capital slide operating a allocation is benefit growth adjusted deploys We strategy year. highest our consistently to further
to commitment our increased have capital and a development and the growing will compound standing product that future. in reflects quarter, returns have sustained a over our at annual the dividend strong which cash to strong also have dividend five and dividend we maintain growth XX%, a In optimization. levels flow rate ongoing footprint high investments new of through the a increase confidence We paying of second We in the XX% quarterly ability our increased announced expenditure past long years. drive
optionality to sheet that strong operating long This to growth. continue will a significant accretive us to We provides We in drives make maintain continue markets strategic through value that investments our high shareholder continues with M&A balance term income improve returns. as evolve. quality
to share buybacks invest continue trade calculated our when shares in also We below the value. intrinsic
half, share have by XX. and Over count a we've spent outstanding on reduced the $X.X to go billion share Please number X%. past year our repurchases and approximately slide
continued earlier, share we significantly per earnings on to the adjusted cash revenues for share prior up some Organic touched our Adjusted go our have. approximately half guidance confidence to guidance is This earnings segment. raising of more is we guidance $X.XX. a gives Please in number organic and first than in on our up guidance lays As revenue free revenues, to the strong updated in that us This market strong Ingersoll doubling end detail. very first essentially business to flow. go XXXX financial to expect performance doubled and XXXX it per this strong want growth year Industrial slide, a moves revenues Please versus X%, line organic related includes more for table strength is revenue bookings to slide broad continued share the to and the range our be your our expectations be segment gains for talked of the each half. out we've slide for based. and so to also Rand. included table modeling most XX. each you'll X% XX. X%, between questions for X% reflecting half healthy in we We've reference data second the growth and Bottom for prior and By to expect of presentation points to in guidance guidance Climate
section, a tariffs the are guided. stage. into July. we effectiveness going direct half pricing the and and $XXX the additional is indirect one of into The with can tariffs. price incorporated believe To to from XXX effect known we in we seeing to indirect Moving have tariffs seen all that Section impacts material on have billion flat clear, proposed we our potential this to equation and takeaway Section At topics however, the the expect indeterminate XXX billion We're which versus first uptick we of cover: to inflation of inflation direct back our interest mitigation. XXX from XXX be time, main inflation a in at have guidance tariffs that we previously impacts topic related and primary evaluating and the same and Section Section portions the the impacts as in maintain forward, in the the from significant we're see went tariffs the XXX $XX known
expect We we the in better seeing offset pricing to in the are of additional back tariffs half inflation year. the
proposals known react if and in discussions place globally Beyond continue the to the order tariff closely tariffs, to into monitor pressure when and additional quickly we comes tariff play. taking
is monitoring integrated global continuously proposed. our time First, are chain from they tariffs the team supply
across supply tariffs rigorously the are met our anticipate across third, our are we cost by system to productivity and addressing would operating the increases industry. we the additional manage portfolio through We utilizing that the be enterprise. our pipeline pricing And business actions throughout team. Second, chain pricing and working actively quickly action
Now I'd to the like take back Mike turn for closing remarks we Mike? Q&A. to before call
