Reports Q3 revenue $561.4M, consensus $594.92M. “Our strong Q3 earnings growth demonstrates the ongoing power of our cultural transformation and 80/20 initiatives,” said CEO Neil Brinker. “We are experiencing rapid sales growth to the data center market, supported by robust demand from both hyperscale and colocation customers. We also are pleased with the progress in Performance Technologies, where 80/20 actions are generating significant benefits. The targeted growth and 80/20 improvements are resulting in substantial margin increases, with adjusted EBITDA margin up 370 basis points in the quarter.”
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