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Delivered sequential net sales growth across all segments, despite negative consumer sentiment impacting global demand Delivered significant cost take out of 100 basis points or approximately $50 million, in-line with full year expectations Q2 GAAP net earnings margin of 1.7%; GAAP earnings per diluted share of $1.17 Q2 ongoing (non-GAAP) EBIT margin(1) of 5.3%; ongoing earnings per diluted share(2) of $1.34 Second-quarter results were unfavorably impacted by a non cash loss of $19 million, or $0.35 earnings per diluted share from Beko Europe B.V. equity in affiliates 2025 outlook is updated with full-year GAAP earnings per diluted share of approximately $5.00 to $7.00, and ongoing earnings per diluted share(2) of $6.00 to $8.00; cash provided by operating activities of approximately $850 million and free cash flow(3) of approximately $400 million Refinanced $1.2 billion of term loan debt at approximately 6.3% weighted average BENTON HARBOR, Mich.
