Positive Growth in Digital and Data Center Solutions
Digital revenue grew by 17% year on year, driven by increased adoption of digital and AI solutions. The data center infrastructure solutions business also saw strong growth in North America.
Production Systems Leading with Margin Expansion
The Production Systems division experienced steady revenue growth and further margin expansion, with margins increasing by 197 basis points year on year.
Significant Progress in Low Carbon Markets
Revenue from CCS, geothermal, critical minerals, and data center solutions is on pace to exceed $1 billion in 2025, showcasing positive momentum in these sectors.
Strong Cash Flow Generation
The company generated $600 million of cash flow from operations and positive free cash flow of $103 million in the first quarter.