The company said net sales for the 3-month period ended April 30, 2025 were $7.6 billion (+4.3%), and operating margin was 8.0% (9.4% on an adjusted basis). Diluted earnings per share for the period were $2.07 ($2.50 on an adjusted basis).

1. 01

   The company said net sales for the 3-month period ended April 30, 2025 were $7.6 billion (+4.3%), and operating margin was 8.0% (9.4% on an adjusted basis). Diluted earnings per share for the period were $2.07 ($2.50 on an adjusted basis).

2. 02

   The company said the business streamlining actions resulted in non-recurring charges of $68 million in the quarter. It said it expects these actions to generate annualized savings of about $100 million.

3. 03

   The company said it updated its full-year outlook, calling for low to mid-single digit net sales growth and an adjusted operating margin of 8.5% to 9.0%. Its previous outlook was for low single digit net sales growth and an adjusted operating margin of 8.3% to 8.8%.

4. 04

   The company repurchased $251 million of its shares in the quarter, bringing year-to-date repurchases to $759 million. It said about $1.1 billion remains under the current repurchase program. Net debt to adjusted EBITDA was 1.2x as of April 30, 2025.

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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