Company Reports Q3 Results; Net Sales Rise 15% Driven by Autronica Acquisition
1 report, 1 independent
Updated Tue 00:00
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What happened
The company reported net sales of $536.4 million, marking a 15% increase over the prior year, which was supported by organic growth and the acquisition of Autronica. Adjusted diluted earnings per share increased 8% to $2.09, though the adjusted gross margin decreased to 47% due to dilution from the Autronica acquisition. Free cash flow fell to $68.2 million from $100.5 million in the prior year.
From fool.com
Why it matters
The acquisition of Autronica contributed $39 million in sales, while the Fire Service and Industrial PPE segments showed strong organic growth. The margin compression reflects the financial impact of integrating the recent acquisition.
From fool.com