- Second-quarter net sales increased 1.5%, including the impact of acquisitions and foreign currency exchange rates:
- Acquisitions a 0.5 point benefit
- Unfavorable foreign currency exchange rates a 0.3 point headwind
- Second-quarter earnings per share-diluted of $0.95 as reported and $1.09 adjusted
- Outlook for 2017 net sales updated; adjusted earnings per share-diluted reaffirmed:
- Full-year net sales expected to increase around 1%, including unfavorable foreign currency exchange rates of about 0.25 points
- Reported earnings per share-diluted expected to be in the $3.41 to $3.60 range
- Adjusted earnings per share-diluted expected to increase around the high end of the 7% to 9% range of $4.72 to $4.81
- Quarterly dividend declared on Common Stock and increased 6%