The company said total sales rose 7.5% and core sales rose 5.1% for the 3 months ended October 2, 2026, compared with the year-earlier period. It said currency exchange rates and acquisitions, net of divestitures, contributed 0.1% and 2.3% to reported sales growth, respectively.

10-QQuarterly reportFiled Oct 30, 2026Period of report Oct 2, 2026Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said total sales rose 7.5% and core sales rose 5.1% for the 3 months ended October 2, 2026, compared with the year-earlier period. It said currency exchange rates and acquisitions, net of divestitures, contributed 0.1% and 2.3% to reported sales growth, respectively.
The company said its operating margin for the 3 months was 19.7%, down from 23.2% in the year-earlier period. It cited a decline in tax indemnification related to the Danaher separation of 260 basis points and restructuring costs under the 2026 Cost Optimization Program of 150 basis points as unfavorable factors.
The company said net earnings rose $253 million for the 3 months and $748 million for the 9 months, compared with $239 million and $686 million in the year-earlier periods. Operating cash flow for the 9 months increased $79 million (10%), and the company noted that the increase in net earnings was partly offset by changes in net working capital.
The company said it completed the acquisitions of In-Situ (for approximately $426 million on January 22, 2026), GlobalVision (for approximately CAD $270 million, or $195 million, on April 7), and Cleanwater1 (for $465 million on October 5). It issued $725 million of 2032 notes in Q2 and redeemed $700 million of bonds in Q3, while issuing $250 million of commercial paper.

Summary

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Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly sales up 7.5%, core sales up 5.1%

The company said total sales rose 7.5% and core sales rose 5.1% for the 3 months ended October 2, 2026, compared with the year-earlier period. It said currency exchange rates and acquisitions, net of divestitures, contributed 0.1% and 2.3% to reported sales growth, respectively.

Source · Based on the MD&A text of the filing

Quarterly operating margin 19.7%, unfavorable factors

The company said its operating margin for the 3 months was 19.7%, down from 23.2% in the year-earlier period. It cited a decline in tax indemnification related to the Danaher separation of 260 basis points and restructuring costs under the 2026 Cost Optimization Program of 150 basis points as unfavorable factors.

Source · Based on the MD&A text of the filing

Net earnings for 3 and 9 months and operating cash flow for 9 months

The company said net earnings rose $253 million for the 3 months and $748 million for the 9 months, compared with $239 million and $686 million in the year-earlier periods. Operating cash flow for the 9 months increased $79 million (10%), and the company noted that the increase in net earnings was partly offset by changes in net working capital.

Source · Based on the MD&A text of the filing

Acquisitions completed and $725 million bond issuance

The company said it completed the acquisitions of In-Situ (for approximately $426 million on January 22, 2026), GlobalVision (for approximately CAD $270 million, or $195 million, on April 7), and Cleanwater1 (for $465 million on October 5). It issued $725 million of 2032 notes in Q2 and redeemed $700 million of bonds in Q3, while issuing $250 million of commercial paper.

Source · Based on the MD&A text of the filing

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.

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.

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