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Earnings Callsⓘ
Q2 2026August 3, 2026
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This quarter’s results beat expectations with record sales and EPS, but margins came under pressure.
Sales $9.3B (+9%), EPS $4.50 (+10%), and project backlog reached a record $8.1B.
Electronics was the fastest-growing segment, adding a $1B new U.S. order and a $800M Taiwan JV investment for semiconductors. Manufacturing recovery was driven by aviation and data centers, with U.S. hard goods posting double-digit growth. The U.S. homecare business weighed on margins; management is evaluating strategic options and taking action.
Q3 EPS is guided at $4.45-$4.55 (+6-8%), and full-year guidance was raised to $17.70-$17.90 (+8-9%).
Management is not satisfied with margins but expects improvement. Helium and geopolitical factors bring uncertainty, yet the electronics and space businesses have strong prospects.