Broad-Based Organic Growth Across All Segments
Q2 FY2026 revenue increased 6.9% to $2.19B, driven by organic revenue growth of 4.8% (with growth in all five segments), acquisition-related growth of 1.2% (primarily Pumps & Process Solutions), and a 0.9% favorable FX impact. Customer pricing favorably impacted revenue by approximately 2.2%.
Bookings Surge 16.1%, Led by Climate & Sustainability Technologies
Total bookings reached $2.3 billion for Q2 FY2026, up $322.8 million or 16.1% YoY, with increases across all segments; Climate & Sustainability Technologies bookings jumped 45.8% to $560.3 million with a book-to-bill ratio of 1.23, driven by demand for retail refrigeration and heat exchangers including longer lead-time orders.
Segment Earnings Growth Led by Clean Energy & Fueling and Pumps & Process Solutions
Clean Energy & Fueling segment earnings grew 19.3% to $128.5 million with margin expanding to 21.6% from 19.7%, driven by volume growth and favorable price versus cost. Pumps & Process Solutions segment earnings rose 12.1% to $178.8 million with margin expanding to 32.4% from 30.6%, aided by acquisitions (Sikora AG, ipp Pump Products GmbH) contributing 4.9% growth.