Strong Q3 Performance
Adjusted EPS grew by 32% to $1.84, and total company revenue increased by 23% year-over-year. Adjusted EBITDA increased by approximately 31% with 150 basis points of margin expansion.
Increased Full Year Guidance
Raised full year guidance for adjusted EBITDA to exceed $500 million at the midpoint, implying approximately 20% growth year-over-year.
Successful Capital Raise
Raised $575 million through an equity offering and increased the revolving credit facility capacity by $500 million, resulting in over $1 billion of additional liquidity with no dilutive impact on 2025 EPS.
Strong Segment Performance
Detection & Measurement segment revenue increased 38.4% year-over-year, with strong organic growth of 26.5%. Segment income grew by $18 million or 53%.
M&A and Expansion Initiatives
Progressed on expansion plans for engineered air movement businesses and launched new product Olympus Max. The M&A pipeline remains robust with several attractive opportunities.