Strong Capital Recycling and New Acquisitions
Generated over $1.5 billion from capital recycling initiatives and committed $370 million to acquire two market-leading industrial businesses.
Significant Unit Buyback
Reduced corporate borrowings and bought back nearly six million units and shares, returning $140 million to shareholders as part of a $250 million repurchase program.
Positive EBITDA Growth
First quarter adjusted EBITDA was $591 million, an increase from $544 million in the prior period.
Successful Strategic Investments
Reached an agreement to acquire Antylia Scientific, a leading manufacturer in life sciences and environmental labs, with opportunities for growth and improvement.
Strong Industrial Segment Performance
Industrial segment generated first quarter adjusted EBITDA of $304 million, aided by tax benefits and demand for higher-margin advanced batteries.