The company said net revenues for Q2 2024 were $965.6 million, up 5.8% from a year earlier and up 5.2% on an organic basis, with diluted earnings per share of $1.77 and adjusted EPS of $1.96, up 11.4%.

1. 01

   The company said net revenues for Q2 2024 were $965.6 million, up 5.8% from a year earlier and up 5.2% on an organic basis, with diluted earnings per share of $1.77 and adjusted EPS of $1.96, up 11.4%.

2. 02

   The company said operating income for Q2 was $209.0 million, with an operating margin of 21.6% (20.2% a year earlier), and its adjusted operating margin was 23.7%, up 150 basis points. It cited price and productivity effects net of inflation and investments, along with favorable volume leverage, as drivers of the increase in adjusted operating margin.

3. 03

   The company said year-to-date available cash flow for 2024 was $176.0 million, a decrease of $14.1 million from the prior-year period. It said cash and cash equivalents at the end of Q2 were $747.5 million and total debt was $2,404.6 million. Proceeds of $400.0 million from the May issuance of new 2034 senior notes will be used to repay the $400.0 million senior note maturity in the second half of this year.

4. 04

   The company said it raised its full-year 2024 reported revenue growth outlook to 2.5% to 3.5% and its adjusted EPS outlook to $7.15 to $7.30. It said it affirmed its available cash flow outlook of approximately $540 to $570 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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