Thank main points few you, of Mike. take Please to go to summary Slide #X. call. from a I'll with begin today's away a
period. with As we quarter Mike of ago discussed, drove versus share results strong increase the adjusted XX% earnings in $X.XX, year the an of second financial per
to us in gives our guidance performance full the year QX confidence in of ability we in the provided margin against execute targets growth in beginning Our our year. the
up guidance from raising our full are adjusted we last approximately quarter. communicated result, that a to $X.XX we $X.XX approximately continuing As EPS year
was in growth revenue strong, organic Second quarter segment. climate our particularly
organic major our saw saw order digits also the mid were of enterprise Transport business across for We segment. in single bookings excluding most organic climate our XXXX, up both When bookings that approximately our strong and outsized businesses. growth
cautious were Industrial and Segment, industrial the services tough bookings continued negotiations, in bookings electric mentioned revenues and offset organic in small strong, forward. the going our optimism ongoing cycle organic up growth were short in of Mike the technologies X% in compounding previously. Industrial vehicles X% to long vehicle market Strong on and QX prior year. QX a Despite cycle growth up fueled demand. XXXX tariff organic growth rate comp small providing compounding In X% growth weakness X% CTS on an strengthen revenue China electric and by compression growth trade in CTS
year we which XX% expanded During adjusted points full and XX our leverage, operating basis operating margins expectations. delivered is of ahead QX,
business enterprise headwinds. leverage inflationary related material, the other our system We manage to tariff continue and direct operating across to
manage As should increase continue half the price to the XX%, as we List but lap Chinese spread will we increases. this XXXX the X XX% material mid-year in of tariffs including realize we look inflation back recent on anticipate and imports to we price the year, from effectively to to narrow tariffs
flows with expect season and we ongoing the exit capital approach Mike requirements working capital XXXX of the greater mentioned, we cash than approximately in We equal end to our revenues to quarter sufficient income. net second of continue or of X% strong to working to of long-term free the year. the by XXX% As expect target cooling of demands support
dynamic to strategy. allocation continue on deliver we our capital Importantly,
in dividends we year, $X.XX of the approximately this Precision and million approximately buybacks. Flow $XXX on deployed strategic million far So for Systems approximately $XXX completed share billion, acquisition have
deploy Looking time. of forward, we to excess consistently over cash XXX% expect
points revenue of improvement X%, segment. Please across growth delivered basis was Slide by broad XX%. per of XX margin revenue led adjusted share strong go Climate We operating to our growth Organic X. and of adjusted earnings organic based growth growth
us productivity focus manage to across drive margin and headwinds pricing related the effectively disciplined tariff and Continued actions and on expansion enabled inflation enterprise.
Please XX. go to Slide
year-over-year solid quarter. drive delivered quarter enabling strong operating Climate Our another to growth segment in income EPS the of growth, us
Our Industrial segment delivered solid results.
Our industrial outlook margin remains full intact. year
timing primarily good is of In addition of in second guidance cost by results segment functional The of approximately year corporate is $XXX the linear impacting corporate stock-based compensation were well full The quarter of lumpy that the as a corporate performance, XXXX timing expenses unchanged. spending driven to by number prior remains items. costs of lower cadence year other than approximately $X.XX. million as not
basis reflecting Please tempered XX of material and the was drove points other higher consecutive We deliver in quarter. with expectations from we go solid from incremental quarter. for the industrial in Slide margins. softness inflation. XX growth full-year in in to price Consistent tend inflation versus improvement, expanded by actions operating of margins of basis short XX. net to which carry productivity positive excess price In Pricing XXXX. pricing was have material adjusted margin XXXX inflation over margin delivered strong Margin fifth cycle execution QX, our strong by to expansion expansion revenues, continued points volume
operating invest heavily between in points approximately weighted to reduction were basis Incremental business. investments and projects. fairly QX expense continue We XX evenly of our growth
Please Slide XX. go to
segment strong and strong XX realization with X% productivity. expansion delivered growth margin expectations Climate delivered price adjusted Our volume organic basis our and another growth, of we quarter points. operating revenue with Consistent
Slide to go XX. Please
ownership. XXXX. margin X% growth Our PFS year organic income against Industrial quarter. of inclusion QX X% of tough gross delivered PFS our revenues Industrial acquisition by through of growth the instead primarily in operating for the under solid leverage first a the midway was impacted margin of business of rates revenue acquisition rates lever comparison the at
Additionally, margin as industrial in tend expansion tempered have softness cycle short I which margins. to revenues, was by higher previously, mentioned
in Excluding the industrial these factors the XX% leveraging of north was quarter.
Looking in was contributor PFS XX at our margin expansion of acquisition to the EBITDA EBITDA the basis margins, immediate an quarter. points
highest excess are capital go to level We innovation with investments product consistently continued Please vital to and to returns a our strategy the healthy excellence of committed operational the high-ROI margin deploys technology, opportunities that XX. projects, expansion. in and a which shareholders. growth, business for Slide cash maintain remain dynamic leadership to allocation We
to and earnings have rate growth reliable, We increases have the over commitment of above that strong a or time. a long-standing growing at dividend
returns We the make investments in continue shareholder acquisitions PFS quarter. like strategic during long-term the to further acquisition improve completed that
this interest that maintaining secured an rate billion committed taking Earlier with favorable a advantage strong provides us senior additional current year, balance remain in optionality our as the to of we evolve. $X.X sheet environment. We continuing markets notes
their share We over time. XXX% to to intrinsic in repurchases below continue value and expect see cash consistently shares we value deploy of when trade excess
ARO The is integration Slide to underway to XX. business Precision go Please our number is with progressing according of existing plan. and Systems Flow
rate. equates in $XXX approximately in delivered with XXXX in approximately contribute revenue approximately to We $XX revenue on That QX. incremental of expect an annualized million run to already PFS million $XXX million
EBITDA margins to and unchanged mid-teens XXXX. EBITDA in with margin the with high-XXs creative consistent is in attribution cash adjusted expected percentages PFS for to the the are be flow remain XXXX. for in PFS expectations be operating expected
year. included have for also non-GAAP related PFS the your adjustments estimated reference, For we to
interest in Additionally, basis, which $XX rate million approximately senior anticipate XXXX. in we add to run incremental will March, notes we an completed offering $XX annual million a on
income expect we offering. from adjusted the of operating incremental to essentially XXXX, offset the For notes senior PFS interest
on number XXXX go moment XX. clarify full-year to Please of impact the to want to further Slide guidance. a take I revenue PFS our
There growth other million on change adding the for our range of and approximately points revenue by prior increases can our growth revenues X.X PFS our by rates to to $XXX chart, points. reported guidance revenue see our approximately is XXXX. revenue revenue rates you enterprise X.X industrial guidance no As approximately ranges
often we Slide Please announcement segment Gardner of the get we about with we're go number of made the the When XX. at April to the Denver. road, end industrial status to questions on our strategic combine
about a HVAC solutions excited and on be Climate as to refrigeration. company continue give a industrial of well as We you brief today. premier focused pure-play update creating the a leading transport prospects company I’ll
Act recently closing the One was of The satisfied. period transaction waiting expired. conditions HSR
regulatory million entities. other separating the closing transaction We $XXX the We continue working separation and through million will costs, $XXX remaining estimated including related and legal conditions. to anticipate in approximately of cost
what end is million this expect costs also by quarter. to in we mitigate $XXX last communicated the We stranded XXXX, approximately the of unchanged from
begun three separate preparation streams. work In we for have closing,
done of taxed all roadmap operating with be business work financial chain team we The Industrial separation leveraging is functions. services, of This and this processes, first Industrial on work includes filings. focused operations solely manufacturing regulatory work business Industrial systems stream to separating separation real processes, our out. team Climate is the supply across and systems, methodical our including estate, a of the along a tasked lot and and There segments segment. has the and technical After with and have segment years to
work the be two clear Gardner and integration given center as separate with transaction. the companies and the marketplace is second of stream close Denver, compete continue managed we to The that protocols. planning rules in operate anti-trust The work planning on must until under integration
integration expected is over the much with the two months the in and close. underway While place continue take to these will preparation will integrate after companies work rules the coming compliance of
transformation segment. efforts of the is on The final stream work focused our Climate
we values. and winning on have strong and an we the transformation people a with advantage great businesses, execute culture As talented within and and foundation work incredibly building plan the engaged core stream, of distinctive
remains world's Our emissions energy and the greenhouse on strategy intensity focus reducing unchanged. gas
this structure for At focused shareholders. on this and early our later point, on customers is allows that and All new well better will are early transaction work at value climate to we're XXXX. us this closing and on track we are believe updates in We we unlock more serve a give we developing on date. a in for strategic underway
over the to I'll turn that back And with call Mike.
