Reports Q3 revenue $2.6B, consensus $2.64B. Mikael Bratt, president & CEO said, “Our performance in the third quarter was very encouraging. Our organic sales growth continued to significantly outperform LVP and the adjusted operating income was a new third quarter record since the spin-off in 2018. I am pleased that our strong performance in the third quarter was broad based, with improvements in several key areas – both year-over-year and sequentially – including gross and operating margin, labor efficiency and SG&A and RD&E costs in relation to sales. Cash flow was strong, and the debt leverage remained well within our target range while maintaining our dividend and almost tripling the number of shares repurchased compared to Q2.”
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