Economic RisksContinued pressure in certain cyclical components in PH’s portfolio, muted international economic outlook, potential exogenous factors impacting Aero growth, and integration risks as M&A deal size increases pose risks.
Industrial Market WeaknessPH has been seeing delays impacting near-term results in Energy and In-plant industrial equipment, and broader weakness in Transportation and Off-Highway.
Organic GrowthDespite the positive order inflection, PH lowered its FY25 organic growth guide by (250)bps at the midpoint in Industrial NA and by (150)bps at the midpoint in Industrial International.