Strong Q3 Performance
Double-digit adjusted operating income and EPS growth year-over-year with a 13% increase in adjusted operating income and a 16% increase in adjusted EPS. Record free cash flow of $629 million year-to-date.
Pool Segment Growth
Pool sales grew by 7% in Q3 with a 24% increase in segment income and a 470 basis points increase in return on sales to 34%.
Increased Annual Guidance
Full-year adjusted EPS guidance increased to approximately $4.27, representing an approximate 14% increase year-over-year.
Transformation Initiatives
Achieved $70 million of transformation savings year-to-date, on track for $100 million for the full year, with a long-term goal of 24% return on sales by 2026.
Strong Commercial Performance
Commercial vertical in Flow reached another new sales record with a 3% year-over-year sales growth.