Core Revenue Growth in Food Safety
Excluding challenges in sample collection, core revenue in the Food Safety segment grew by 7% in the quarter.
Progress in Integration Efforts
Sample collection product lines have now been relocated and are producing at prior levels, marking significant progress in the integration of a transformational acquisition.
Refinancing of Term Loan
Completed the refinancing of Term Loan A, extending the maturity by close to three years and realizing 60 basis points of interest rate savings.
Leadership Enhancements
New leadership appointments in key roles, including R&D, North America Commercial Organization, and Chief Human Resources Officer to drive growth.
Potential Portfolio Actions
One portfolio action is in later stages and expected to be accretive to margins, with proceeds prioritized for debt repayment.