Management remarks
Call period: 2026 Q2 · 2026-07-30
Guidance: Christopher Kuehn: We are increasing our full year organic revenue growth outlook to approximately 9% and our adjusted EPS guidance to a range of $15.20 to $15.30.Demand and orders: David Regnery: Enterprise organic bookings were up 37%, driving record backlog of $12.1 billion, up 70% year-over-year.Analyst Q&A
Analyst Scott Davis asked: And then the price versus cost and kind of you guys are delivering a fair amount of stuff and taking big orders in and the scaling issues, et cetera. But did the cost issues kind of mitigate over time and thinking in terms of scaling in particular on new capacity, but -- would we -- I guess a better way to ask the question is should we expect a little bit of improvement in incremental margins kind of going forward? Management Christopher Kuehn answered: That's how we got the guide slated for this year, margins are stronger in the second half and comps do matter. In the second quarter last year, we had organic leverage up around 40%. So you're right, it does get better in the second half. I mean, price versus all inflation. It was a headwind in the second quarter as we thought. We're having our guide, it will be a bit of a headwind in the second half of the year as well. It does sequentially get better from Q2 to Q3 than to Q4.管理层陈述
电话会期间：2026 Q2 · 2026-07-30
指引：克里斯托弗·库恩：我们将全年有机营收增长预期上调至约9%，调整后每股收益指引上调至15.20美元至15.30美元的区间。需求与订单：戴维·雷格纳里：企业有机订单增长37%，推动待执行订单额达到创纪录的121亿美元，同比增长70%。分析师问答
分析师斯科特·戴维斯提问：考虑新产能扩张，成本问题是否会逐步缓解？我们是否应该预期未来增量利润率会有所改善？管理层克里斯托弗·库恩回应：这正是我们制定今年业绩指引的依据，下半年利润率将更强，季度对比很重要。去年第二季度我们的有机杠杆率约为40%，你说得没错，下半年情况会好转。今年第二季度价格与通胀构成逆风，正如我们预期，下半年仍会有一定逆风，但从第二季度到第三季度再到第四季度，利润率会逐季改善。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
