Broad-Based Revenue Growth with Organic Constant Currency Increase of 6.2%
Total revenues rose 7.3% to $1,492.7 million, with organic constant currency growth of 6.2% after adjusting for acquisitions and foreign exchange, reflecting volume and pricing gains across all segments.
Gross Margin Expansion Driven by Pricing and Productivity
Gross margin improved to 45.8% from 45.1%, with pricing contributing 100 basis points, productivity 40 bps, and favorable mix 40 bps, partly offset by 60 bps from inflation.
Free Cash Flow Declines on Lower Working Capital Contribution
Free cash flow was $279.6 million, down from $326.5 million, as a lower contribution from working capital more than offset higher earnings.