The company said sales for Q2 2024 rose 18% in U.S. dollar terms and 11% organically from the prior-year period, reaching $3.61 billion. GAAP diluted EPS was $0.41, and Adjusted Diluted EPS was $0.44.

1. 01

   The company said sales for Q2 2024 rose 18% in U.S. dollar terms and 11% organically from the prior-year period, reaching $3.61 billion. GAAP diluted EPS was $0.41, and Adjusted Diluted EPS was $0.44.

2. 02

   The company said operating cash flow for Q2 2024 was $664 million and free cash flow was $528 million. In the same quarter, it repurchased 3.1 million shares for $190 million and paid dividends of $132 million.

3. 03

   The company said its board approved a 50% increase in the quarterly dividend, from $0.11 to $0.165 per share, on July 23, 2024. The new dividend will be paid on October 9, 2024 to shareholders of record as of September 17, 2024.

4. 04

   The company said it closed the CIT acquisition on May 21, 2024 and completed the Lutze US acquisition in May, and it expects to close the Lutze Europe acquisition by the end of Q3 2024. It outlined Q3 sales of $3.70 billion to $3.80 billion, and this outlook does not include the effect of acquisitions that have not yet closed.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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