The company said third-quarter revenue of $4.0 billion fell 1.6% and organic growth declined 1.4%. Operating income was $1.05 billion, and operating margin of 26.5% was flat with the prior year.

1. 01

   The company said third-quarter revenue of $4.0 billion fell 1.6% and organic growth declined 1.4%. Operating income was $1.05 billion, and operating margin of 26.5% was flat with the prior year.

2. 02

   The company said proceeds from the sale of its noncontrolling interest in Wilsonart, net of transaction costs, were $395 million, resulting in a pre-tax gain of $363 million. It said GAAP EPS of $3.91 for the third quarter included the divestiture gain of $1.26, and EPS excluding the gain was $2.65.

3. 03

   The company said operating cash flow was $891 million and free cash flow was $783 million in the third quarter. It repurchased $375 million of its own shares in the quarter and raised its dividend 7% to an annualized $6.00 per share.

4. 04

   The company said it raised its full-year GAAP EPS guidance by $1.33 to a range of $11.63 to $11.73, from the prior range of $10.30 to $10.40. It is maintaining revenue and organic growth guidance of approximately flat, with operating margin projected at 26.5 to 27%, and plans to repurchase approximately $1.5 billion of its own shares.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.