Q2 2026 Earnings

Food & Beverage Organic Sales Growth

7.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Food & Beverage Organic Sales Growth YTD

6.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Heavy Water Organic Sales Growth

-1.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Heavy Water Organic Sales Growth YTD

-2.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

High-Tech Organic Sales Growth

29.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

High-Tech Organic Sales Growth YTD

27.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Institutional Organic Sales Growth

3.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Institutional Organic Sales Growth YTD

2.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Light Water Organic Sales Growth

3.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Light Water Organic Sales Growth YTD

3.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Paper Organic Sales Growth

0.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Paper Organic Sales Growth YTD

-1.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Specialty Organic Sales Growth

6.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Specialty Organic Sales Growth YTD

7.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Organic Sales

$4.28B

Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | Change | | | 2026 | | | | 2025 | | | Change Product and equipment sales | | | $3,449.4 | | | | | $3,156.8 | | | | | | $6,624.0 | | | | | $6,058.7 Service and lease sales | | | 966.0 | | | | | 868.4 | | | | | | 1,857.5 | | | | | 1,661.5 Reported GAAP net sales | | | 4,415.4 | | | | | 4,025.2 | | | | 10 | | % | | | 8,481.5 | | | | | 7,720.2 | | | | 10 | | % Effect of foreign currency translation | | | (11.0) | | | | | 64.8 | | | | | | (23.2) | | | | | 192.9 Non-GAAP fixed currency sales | | | 4,404.4 | | | | | 4,090.0 | | | | 8 | | % | | | 8,458.3 | | | | | 7,913.1 | | | | 7 | | % Effect of acquisitions and divestitures | | | (122.3) | | | | | - | | | | | | (218.9) | | | | | - Non-GAAP organic sales | | | $4,282.1 | | | | | $4,090.0 | | | | 5 | | % | | | $8,239.4 | | | | | $7,913.1 | | | | 4 | | %

Organic Sales Growth

5.0%

Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | Change | | | 2026 | | | | 2025 | | | Change Product and equipment sales | | | $3,449.4 | | | | | $3,156.8 | | | | | | $6,624.0 | | | | | $6,058.7 Service and lease sales | | | 966.0 | | | | | 868.4 | | | | | | 1,857.5 | | | | | 1,661.5 Reported GAAP net sales | | | 4,415.4 | | | | | 4,025.2 | | | | 10 | | % | | | 8,481.5 | | | | | 7,720.2 | | | | 10 | | % Effect of foreign currency translation | | | (11.0) | | | | | 64.8 | | | | | | (23.2) | | | | | 192.9 Non-GAAP fixed currency sales | | | 4,404.4 | | | | | 4,090.0 | | | | 8 | | % | | | 8,458.3 | | | | | 7,913.1 | | | | 7 | | % Effect of acquisitions and divestitures | | | (122.3) | | | | | - | | | | | | (218.9) | | | | | - Non-GAAP organic sales | | | $4,282.1 | | | | | $4,090.0 | | | | 5 | | % | | | $8,239.4 | | | | | $7,913.1 | | | | 4 | | %

Organic Sales Growth YTD

4.0%

Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | Change | | | 2026 | | | | 2025 | | | Change Product and equipment sales | | | $3,449.4 | | | | | $3,156.8 | | | | | | $6,624.0 | | | | | $6,058.7 Service and lease sales | | | 966.0 | | | | | 868.4 | | | | | | 1,857.5 | | | | | 1,661.5 Reported GAAP net sales | | | 4,415.4 | | | | | 4,025.2 | | | | 10 | | % | | | 8,481.5 | | | | | 7,720.2 | | | | 10 | | % Effect of foreign currency translation | | | (11.0) | | | | | 64.8 | | | | | | (23.2) | | | | | 192.9 Non-GAAP fixed currency sales | | | 4,404.4 | | | | | 4,090.0 | | | | 8 | | % | | | 8,458.3 | | | | | 7,913.1 | | | | 7 | | % Effect of acquisitions and divestitures | | | (122.3) | | | | | - | | | | | | (218.9) | | | | | - Non-GAAP organic sales | | | $4,282.1 | | | | | $4,090.0 | | | | 5 | | % | | | $8,239.4 | | | | | $7,913.1 | | | | 4 | | %

Organic Sales YTD

$8.24B

Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | Change | | | 2026 | | | | 2025 | | | Change Product and equipment sales | | | $3,449.4 | | | | | $3,156.8 | | | | | | $6,624.0 | | | | | $6,058.7 Service and lease sales | | | 966.0 | | | | | 868.4 | | | | | | 1,857.5 | | | | | 1,661.5 Reported GAAP net sales | | | 4,415.4 | | | | | 4,025.2 | | | | 10 | | % | | | 8,481.5 | | | | | 7,720.2 | | | | 10 | | % Effect of foreign currency translation | | | (11.0) | | | | | 64.8 | | | | | | (23.2) | | | | | 192.9 Non-GAAP fixed currency sales | | | 4,404.4 | | | | | 4,090.0 | | | | 8 | | % | | | 8,458.3 | | | | | 7,913.1 | | | | 7 | | % Effect of acquisitions and divestitures | | | (122.3) | | | | | - | | | | | | (218.9) | | | | | - Non-GAAP organic sales | | | $4,282.1 | | | | | $4,090.0 | | | | 5 | | % | | | $8,239.4 | | | | | $7,913.1 | | | | 4 | | %

Organic Sales Pricing Growth

4.0%

The percentage components of the period-over-period 2026 sales change are shown below: Second Quarter Ended | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2026 (percent) Volume | | | 1 | | % | | | | 1 | | % Pricing | | | 4 | | | | | 3 Organic sales change | | | 5 | | | | | 4 Acquisitions and divestitures | | | 3 | | | | | 3 Fixed currency sales change | | | 8 | | | | | 7 Foreign currency translation | | | 2 | | | | | 3 Reported GAAP net sales change | | | 10 | | % | | | | 10 | | %

Organic Sales Pricing Growth YTD

3.0%

The percentage components of the period-over-period 2026 sales change are shown below: Second Quarter Ended | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2026 (percent) Volume | | | 1 | | % | | | | 1 | | % Pricing | | | 4 | | | | | 3 Organic sales change | | | 5 | | | | | 4 Acquisitions and divestitures | | | 3 | | | | | 3 Fixed currency sales change | | | 8 | | | | | 7 Foreign currency translation | | | 2 | | | | | 3 Reported GAAP net sales change | | | 10 | | % | | | | 10 | | %

Organic Sales Volume Growth

1.0%

The percentage components of the period-over-period 2026 sales change are shown below: Second Quarter Ended | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2026 (percent) Volume | | | 1 | | % | | | | 1 | | % Pricing | | | 4 | | | | | 3 Organic sales change | | | 5 | | | | | 4 Acquisitions and divestitures | | | 3 | | | | | 3 Fixed currency sales change | | | 8 | | | | | 7 Foreign currency translation | | | 2 | | | | | 3 Reported GAAP net sales change | | | 10 | | % | | | | 10 | | %

Organic Sales Volume Growth YTD

1.0%

The percentage components of the period-over-period 2026 sales change are shown below: Second Quarter Ended | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2026 (percent) Volume | | | 1 | | % | | | | 1 | | % Pricing | | | 4 | | | | | 3 Organic sales change | | | 5 | | | | | 4 Acquisitions and divestitures | | | 3 | | | | | 3 Fixed currency sales change | | | 8 | | | | | 7 Foreign currency translation | | | 2 | | | | | 3 Reported GAAP net sales change | | | 10 | | % | | | | 10 | | %

Organic Gross Margin

44.9%

Second Quarter Ended | | Six Months Ended June 30 | | June 30 2026 | | | 2025 | | 2026 | | | 2025 (millions/percent) | | | COS | | | Gross Margin | | | COS | | | Gross Margin | | | COS | | | Gross Margin | | | COS | | | Gross Margin Product and equipment cost of sales | | | $1,918.9 | | | | | | $1,728.4 | | | | | | $3,705.1 | | | | | | $3,333.8 Service and lease cost of sales | | | 550.6 | | | | | | 494.4 | | | | | | 1,059.7 | | | | | | 949.2 Reported GAAP COS and gross margin | | | 2,469.5 | | | 44.1 | | % | | | 2,222.8 | | | 44.8 | | % | | | 4,764.8 | | | 43.8 | | % | | | 4,283.0 | | | 44.5 | | % Special (gains) and charges | | | 4.7 | | | | | 2.5 | | | | | | 16.0 | | | | | 7.3 Non-GAAP adjusted COS and gross margin | | | 2,464.8 | | | 44.2 | | % | | | 2,220.3 | | | 44.8 | | % | | | 4,748.8 | | | 44.0 | | % | | | 4,275.7 | | | 44.6 | | % Effect of foreign currency translation | | | (7.5) | | | | | | 36.9 | | | | | | (14.6) | | | | | | 108.3 Non-GAAP adjusted fixed currency COS and gross margin | | | 2,457.3 | | | 44.2 | | % | | | 2,257.2 | | | 44.8 | | % | | | 4,734.2 | | | 44.0 | | % | | | 4,384.0 | | | 44.6 | | % Effect of acquisition and divestitures | | | (96.0) | | | | | | - | | | | | | (163.0) | | | | | | - Non-GAAP organic COS and gross margin | | | $2,361.3 | | | | 44.9 | | % | | | $2,257.2 | | | | 44.8 | | % | | | $4,571.2 | | | | 44.5 | | % | | | $4,384.0 | | | | 44.6 | | % Our COS and corresponding gross profit margin (“gross margin”) are shown in the table above. Gross margin is defined as net sales less cost of sales divided by net sales. Our reported gross margin was 44.1% and 44.8% for the second quarter of 2026 and 2025, respectively. Our reported gross margin was 43.8% and 44.5% for the first six months of 2026 and 2025, respectively. Special (gains) and charges included in items impacting cost of sales are shown within the “Special (Gains) and Charges” table below. 33 Table of Contents Excluding the impacts of special (gains) and charges, foreign currency translation and acquisitions and divestitures within COS, second quarter 2026 and 2025 organic gross margin was 44.9% and 44.8%, respectively, and for the first six months of 2026 and 2025 was 44.5% and 44.6%, respectively. Our organic gross margin increased when comparing the second quarter of 2026 against the second quarter of 2025 as accelerating pricing offset higher commodity costs.

Organic Gross Margin YTD

44.5%

Second Quarter Ended | | Six Months Ended June 30 | | June 30 2026 | | | 2025 | | 2026 | | | 2025 (millions/percent) | | | COS | | | Gross Margin | | | COS | | | Gross Margin | | | COS | | | Gross Margin | | | COS | | | Gross Margin Product and equipment cost of sales | | | $1,918.9 | | | | | | $1,728.4 | | | | | | $3,705.1 | | | | | | $3,333.8 Service and lease cost of sales | | | 550.6 | | | | | | 494.4 | | | | | | 1,059.7 | | | | | | 949.2 Reported GAAP COS and gross margin | | | 2,469.5 | | | 44.1 | | % | | | 2,222.8 | | | 44.8 | | % | | | 4,764.8 | | | 43.8 | | % | | | 4,283.0 | | | 44.5 | | % Special (gains) and charges | | | 4.7 | | | | | 2.5 | | | | | | 16.0 | | | | | 7.3 Non-GAAP adjusted COS and gross margin | | | 2,464.8 | | | 44.2 | | % | | | 2,220.3 | | | 44.8 | | % | | | 4,748.8 | | | 44.0 | | % | | | 4,275.7 | | | 44.6 | | % Effect of foreign currency translation | | | (7.5) | | | | | | 36.9 | | | | | | (14.6) | | | | | | 108.3 Non-GAAP adjusted fixed currency COS and gross margin | | | 2,457.3 | | | 44.2 | | % | | | 2,257.2 | | | 44.8 | | % | | | 4,734.2 | | | 44.0 | | % | | | 4,384.0 | | | 44.6 | | % Effect of acquisition and divestitures | | | (96.0) | | | | | | - | | | | | | (163.0) | | | | | | - Non-GAAP organic COS and gross margin | | | $2,361.3 | | | | 44.9 | | % | | | $2,257.2 | | | | 44.8 | | % | | | $4,571.2 | | | | 44.5 | | % | | | $4,384.0 | | | | 44.6 | | % Our COS and corresponding gross profit margin (“gross margin”) are shown in the table above. Gross margin is defined as net sales less cost of sales divided by net sales. Our reported gross margin was 44.1% and 44.8% for the second quarter of 2026 and 2025, respectively. Our reported gross margin was 43.8% and 44.5% for the first six months of 2026 and 2025, respectively. Special (gains) and charges included in items impacting cost of sales are shown within the “Special (Gains) and Charges” table below. 33 Table of Contents Excluding the impacts of special (gains) and charges, foreign currency translation and acquisitions and divestitures within COS, second quarter 2026 and 2025 organic gross margin was 44.9% and 44.8%, respectively, and for the first six months of 2026 and 2025 was 44.5% and 44.6%, respectively. Our organic gross margin increased when comparing the second quarter of 2026 against the second quarter of 2025 as accelerating pricing offset higher commodity costs.

Organic Operating Income

$804.3M

Operating Income and Operating Income Margin Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | | Change | | | 2026 | | | | 2025 | | | | Change Reported GAAP operating income | | | $757.9 | | | | | $710.1 | | | | 7 | | % | | | $1,379.9 | | | | | $1,265.4 | | | | 9 | | % Special (gains) and charges | | | 51.1 | | | | | 27.1 | | | | | | 108.8 | | | | | 61.4 Non-GAAP adjusted operating income | | | 809.0 | | | | | 737.2 | | | | 10 | | % | | | 1,488.7 | | | | | 1,326.8 | | | | 12 | | % Effect of foreign currency translation | | | (0.3) | | | | | 14.1 | | | | | | (3.7) | | | | | 40.7 Non-GAAP adjusted fixed currency operating income | | | 808.7 | | | | | 751.3 | | | | 8 | | % | | | 1,485.0 | | | | | 1,367.5 | | | | 9 | | % Effect of acquisitions and divestitures | | | (4.4) | | | | | - | | | | | | (15.8) | | | | | - Non-GAAP organic operating income | | | $804.3 | | | | | $751.3 | | | | 7 | | % | | | $1,469.2 | | | | | $1,367.5 | | | | 7 | | % Second Quarter Ended | | | | | | Six Months Ended June 30 | | | | | | June 30 (percent) | | | 2026 | | | | 2025 | | | | | | 2026 | | | | 2025 Reported GAAP operating income margin | | | 17.2 | | % | | | | 17.6 | | % | | | | | | 16.3 | | % | | | | 16.4 | | % Non-GAAP adjusted operating income margin | | | 18.3 | | % | | | | 18.3 | | % | | | | | | 17.6 | | % | | | | 17.2 | | % Non-GAAP adjusted fixed currency operating income margin | | | 18.4 | | % | | | | 18.4 | | % | | | | | | 17.6 | | % | | | | 17.3 | | % Non-GAAP organic operating income margin | | | 18.8 | | % | | | | 18.4 | | % | | | | | | 17.8 | | % | | | | 17.3 | | % Our operating income and corresponding operating income margin are shown in the previous tables. Operating income margin is defined as operating income divided by net sales.

Organic Operating Income Margin

18.8%

Operating Income and Operating Income Margin Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | | Change | | | 2026 | | | | 2025 | | | | Change Reported GAAP operating income | | | $757.9 | | | | | $710.1 | | | | 7 | | % | | | $1,379.9 | | | | | $1,265.4 | | | | 9 | | % Special (gains) and charges | | | 51.1 | | | | | 27.1 | | | | | | 108.8 | | | | | 61.4 Non-GAAP adjusted operating income | | | 809.0 | | | | | 737.2 | | | | 10 | | % | | | 1,488.7 | | | | | 1,326.8 | | | | 12 | | % Effect of foreign currency translation | | | (0.3) | | | | | 14.1 | | | | | | (3.7) | | | | | 40.7 Non-GAAP adjusted fixed currency operating income | | | 808.7 | | | | | 751.3 | | | | 8 | | % | | | 1,485.0 | | | | | 1,367.5 | | | | 9 | | % Effect of acquisitions and divestitures | | | (4.4) | | | | | - | | | | | | (15.8) | | | | | - Non-GAAP organic operating income | | | $804.3 | | | | | $751.3 | | | | 7 | | % | | | $1,469.2 | | | | | $1,367.5 | | | | 7 | | % Second Quarter Ended | | | | | | Six Months Ended June 30 | | | | | | June 30 (percent) | | | 2026 | | | | 2025 | | | | | | 2026 | | | | 2025 Reported GAAP operating income margin | | | 17.2 | | % | | | | 17.6 | | % | | | | | | 16.3 | | % | | | | 16.4 | | % Non-GAAP adjusted operating income margin | | | 18.3 | | % | | | | 18.3 | | % | | | | | | 17.6 | | % | | | | 17.2 | | % Non-GAAP adjusted fixed currency operating income margin | | | 18.4 | | % | | | | 18.4 | | % | | | | | | 17.6 | | % | | | | 17.3 | | % Non-GAAP organic operating income margin | | | 18.8 | | % | | | | 18.4 | | % | | | | | | 17.8 | | % | | | | 17.3 | | % Our operating income and corresponding operating income margin are shown in the previous tables. Operating income margin is defined as operating income divided by net sales.

Organic Operating Income Margin YTD

17.8%

Operating Income and Operating Income Margin Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | | Change | | | 2026 | | | | 2025 | | | | Change Reported GAAP operating income | | | $757.9 | | | | | $710.1 | | | | 7 | | % | | | $1,379.9 | | | | | $1,265.4 | | | | 9 | | % Special (gains) and charges | | | 51.1 | | | | | 27.1 | | | | | | 108.8 | | | | | 61.4 Non-GAAP adjusted operating income | | | 809.0 | | | | | 737.2 | | | | 10 | | % | | | 1,488.7 | | | | | 1,326.8 | | | | 12 | | % Effect of foreign currency translation | | | (0.3) | | | | | 14.1 | | | | | | (3.7) | | | | | 40.7 Non-GAAP adjusted fixed currency operating income | | | 808.7 | | | | | 751.3 | | | | 8 | | % | | | 1,485.0 | | | | | 1,367.5 | | | | 9 | | % Effect of acquisitions and divestitures | | | (4.4) | | | | | - | | | | | | (15.8) | | | | | - Non-GAAP organic operating income | | | $804.3 | | | | | $751.3 | | | | 7 | | % | | | $1,469.2 | | | | | $1,367.5 | | | | 7 | | % Second Quarter Ended | | | | | | Six Months Ended June 30 | | | | | | June 30 (percent) | | | 2026 | | | | 2025 | | | | | | 2026 | | | | 2025 Reported GAAP operating income margin | | | 17.2 | | % | | | | 17.6 | | % | | | | | | 16.3 | | % | | | | 16.4 | | % Non-GAAP adjusted operating income margin | | | 18.3 | | % | | | | 18.3 | | % | | | | | | 17.6 | | % | | | | 17.2 | | % Non-GAAP adjusted fixed currency operating income margin | | | 18.4 | | % | | | | 18.4 | | % | | | | | | 17.6 | | % | | | | 17.3 | | % Non-GAAP organic operating income margin | | | 18.8 | | % | | | | 18.4 | | % | | | | | | 17.8 | | % | | | | 17.3 | | % Our operating income and corresponding operating income margin are shown in the previous tables. Operating income margin is defined as operating income divided by net sales.

Organic Operating Income YTD

$1.47B

Operating Income and Operating Income Margin Second Quarter Ended | | | Six Months Ended June 30 | | | June 30 (millions) | | | 2026 | | | | 2025 | | | | Change | | | 2026 | | | | 2025 | | | | Change Reported GAAP operating income | | | $757.9 | | | | | $710.1 | | | | 7 | | % | | | $1,379.9 | | | | | $1,265.4 | | | | 9 | | % Special (gains) and charges | | | 51.1 | | | | | 27.1 | | | | | | 108.8 | | | | | 61.4 Non-GAAP adjusted operating income | | | 809.0 | | | | | 737.2 | | | | 10 | | % | | | 1,488.7 | | | | | 1,326.8 | | | | 12 | | % Effect of foreign currency translation | | | (0.3) | | | | | 14.1 | | | | | | (3.7) | | | | | 40.7 Non-GAAP adjusted fixed currency operating income | | | 808.7 | | | | | 751.3 | | | | 8 | | % | | | 1,485.0 | | | | | 1,367.5 | | | | 9 | | % Effect of acquisitions and divestitures | | | (4.4) | | | | | - | | | | | | (15.8) | | | | | - Non-GAAP organic operating income | | | $804.3 | | | | | $751.3 | | | | 7 | | % | | | $1,469.2 | | | | | $1,367.5 | | | | 7 | | % Second Quarter Ended | | | | | | Six Months Ended June 30 | | | | | | June 30 (percent) | | | 2026 | | | | 2025 | | | | | | 2026 | | | | 2025 Reported GAAP operating income margin | | | 17.2 | | % | | | | 17.6 | | % | | | | | | 16.3 | | % | | | | 16.4 | | % Non-GAAP adjusted operating income margin | | | 18.3 | | % | | | | 18.3 | | % | | | | | | 17.6 | | % | | | | 17.2 | | % Non-GAAP adjusted fixed currency operating income margin | | | 18.4 | | % | | | | 18.4 | | % | | | | | | 17.6 | | % | | | | 17.3 | | % Non-GAAP organic operating income margin | | | 18.8 | | % | | | | 18.4 | | % | | | | | | 17.8 | | % | | | | 17.3 | | % Our operating income and corresponding operating income margin are shown in the previous tables. Operating income margin is defined as operating income divided by net sales.

One Ecolab Cumulative Cost Savings

$180.0M

As it relates to the One Ecolab initiative, we anticipate total restructuring costs of $328 million ($256 million after tax) or $0.90 per diluted share and special charges of $97 million ($76 million after tax) or $0.26 per diluted share by the end of 2027, which is expected to generate estimated annualized cost savings of $325 million in continuing operations by 2027. One Ecolab has delivered $180 million of cumulative cost savings.

Global Institutional & Specialty Organic Sales Growth

4.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Institutional & Specialty Organic Sales Growth YTD

4.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Life Sciences Organic Sales Growth

15.0%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Life Sciences Organic Sales Growth YTD

13.0%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Pest Elimination Organic Sales Growth

7.0%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Pest Elimination Organic Sales Growth YTD

7.0%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Water Organic Sales Growth

4.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Global Water Organic Sales Growth YTD

3.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Global Institutional & Specialty Organic Operating Income Growth

6.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Institutional & Specialty Organic Operating Income Growth YTD

9.0%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Institutional & Specialty Organic Operating Income Margin

24.1%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Institutional & Specialty Organic Operating Income Margin YTD

23.6%

Global Institutional & Specialty Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $1,617.4 | | | | | $1,562.5 | | | | | $3,125.1 | | | | | $3,017.3 Sales at public currency (millions) | | | 1,620.8 | | | | | 1,544.6 | | | | | 3,132.2 | | | | | 2,962.6 Organic sales change | | | 4 | | % | | | | | | | 4 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 4 | | % | | | | | | | 4 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 5 | | % | | | | | | | 6 | | % Operating income at fixed currency (millions) | | | $389.9 | | | | | $368.1 | | | | | $737.4 | | | | | $676.5 Operating income at public currency (millions) | | | 390.3 | | | | | 364.4 | | | | | 738.5 | | | | | 665.6 Fixed currency operating income change | | | 6 | | % | | | | | | | 9 | | % Fixed currency operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Organic operating income change | | | 6 | | % | | | | | | | 9 | | % Organic operating income margin | | | 24.1 | | % | | | | 23.6 | | % | | | | 23.6 | | % | | | | 22.4 | | % Public currency operating income change | | | 7 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales increased 4% in both the second quarter and first six months of 2026, respectively, with improved growth in Institutional and strong growth in Specialty. At an operating segment level, Institutional organic sales increased 3% and 2% in the second quarter and first six months of 2026, respectively, driven by continued growth in sales to hospitality customers, which more than offset softer sales to hospitals. Specialty organic sales increased 6% and 7% in the second quarter and first six months of 2026, respectively, as new business wins and continued pricing more than offset softer industry trends. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Institutional & Specialty segment. Organic operating income margins increased 0.5 percentage points during the second quarter of 2026 as the 3.0 percentage point positive impact from accelerating pricing was partially offset by the 2.2 percentage point impact of higher supply chain costs, including commodity cost inflation, and investments in the business. Organic operating income margins increased 1.2 percentage points during the first six months of 2026 as the 2.9 percentage point positive impact of pricing was partially offset by the 1.6 percentage point impact of higher commodity costs and investments in the business.

Global Life Sciences Organic Operating Income Growth

46.0%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Life Sciences Organic Operating Income Growth YTD

35.0%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Life Sciences Organic Operating Income Margin

26.5%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Life Sciences Organic Operating Income Margin YTD

22.8%

Global Life Sciences Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $221.0 | | | | | $191.4 | | | | | $421.9 | | | | | $372.8 Sales at public currency (millions) | | | 220.1 | | | | | 185.9 | | | | | 421.0 | | | | | 355.9 Organic sales change | | | 15 | | % | | | | | | | 13 | | % Acquisitions and divestitures | | | - | | % | | | | | | | - | | % Fixed currency sales change | | | 15 | | % | | | | | | | 13 | | % Foreign currency translation | | | 2 | | % | | | | | | | 4 | | % Public currency sales change | | | 18 | | % | | | | | | | 18 | | % Operating income at fixed currency (millions) | | | $58.5 | | | | | $40.2 | | | | | $96.0 | | | | | $71.2 Operating income at public currency (millions) | | | 58.3 | | | | | 38.0 | | | | | 96.0 | | | | | 64.6 Fixed currency operating income change | | | 46 | | % | | | | | | | 35 | | % Fixed currency operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Organic operating income change | | | 46 | | % | | | | | | | 35 | | % Organic operating income margin | | | 26.5 | | % | | | | 21.0 | | % | | | | 22.8 | | % | | | | 19.1 | | % Public currency operating income change | | | 53 | | % | | | | | | | 49 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency and organic sales for Global Life Sciences increased 15% and 13% in the second quarter and first six months of 2026, respectively, driven by continued growth in bioprocessing and pharmaceuticals & personal care, and improved growth in purification. Operating Income Organic operating income and organic operating income margins increased in the second quarter and first six months of 2026 for our Global Life Sciences segment. Organic operating income margins increased 5.5 percentage points during the second quarter of 2026, as the 9.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.9 percentage point negative impact from investments in the business and higher commodity costs. Organic operating income margins increased 3.7 percentage points during the first six months of 2026, as the 6.0 percentage point positive impact from higher volume, pricing and a spike in bioprocessing was partially offset by the 2.5 percentage point negative impact from investments in the business and higher commodity costs.

Global Pest Elimination Organic Operating Income Growth

12.0%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Pest Elimination Organic Operating Income Growth YTD

11.0%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Pest Elimination Organic Operating Income Margin

20.4%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Pest Elimination Organic Operating Income Margin YTD

18.8%

Global Pest Elimination Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $350.5 | | | | | $321.2 | | | | | $660.6 | | | | | $608.6 Sales at public currency (millions) | | | 351.1 | | | | | 317.4 | | | | | 661.9 | | | | | 598.0 Organic sales change | | | 7 | | % | | | | | | | 7 | | % Acquisitions and divestitures | | | 2 | | % | | | | | | | 1 | | % Fixed currency sales change | | | 9 | | % | | | | | | | 9 | | % Foreign currency translation | | | 1 | | % | | | | | | | 2 | | % Public currency sales change | | | 11 | | % | | | | | | | 11 | | % Operating income at fixed currency (millions) | | | $70.5 | | | | | $62.5 | | | | | $122.2 | | | | | $110.2 Operating income at public currency (millions) | | | 70.6 | | | | | 61.8 | | | | | 122.5 | | | | | 108.3 Fixed currency operating income change | | | 13 | | % | | | | | | | 11 | | % Fixed currency operating income margin | | | 20.1 | | % | | | | 19.5 | | % | | | | 18.5 | | % | | | | 18.1 | | % Organic operating income change | | | 12 | | % | | | | | | | 11 | | % Organic operating income margin | | | 20.4 | | % | | | | 19.5 | | % | | | | 18.8 | | % | | | | 18.1 | | % Public currency operating income change | | | 14 | | % | | | | | | | 13 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 9% in both the second quarter and first six months of 2026, respectively, reflecting a 2% benefit in the second quarter and a 1% benefit in the first six months from attractive, targeted acquisitions in North America. Organic sales for Global Pest Elimination increased 7% in both the second quarter and first six months of 2026, driven by gains in restaurants, food retail, food & beverage, and healthcare. Operating Income Organic operating income and organic operating income margin increased in the second quarter and first six months of 2026 for our Global Pest Elimination segment. Organic operating income margins increased 0.9 percentage points during the second quarter of 2026, as the 5.4 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.7 percentage point impact of investments in the business, including pest intelligence. Organic operating income margins increased 0.7 percentage points during the first six months of 2026, as the 5.3 percentage point positive impact from pricing, higher volume and improved productivity was partially offset by the 4.8 percentage point impact of investments in the business, including pest intelligence.

Global Water Organic Operating Income Growth

1.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Global Water Organic Operating Income Growth YTD

0.0%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Global Water Organic Operating Income Margin

15.9%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.

Global Water Organic Operating Income Margin YTD

15.1%

Global Water Second Quarter Ended | | | | Six Months Ended June 30 | | | | June 30 2026 | | | 2025 | | | | 2026 | | | 2025 Sales at fixed currency (millions) | | | $2,215.5 | | | | | $2,014.9 | | | | | $4,250.7 | | | | | $3,914.4 Sales at public currency (millions) | | | 2,223.4 | | | | | 1,977.3 | | | | | 4,266.4 | | | | | 3,803.7 Organic sales change | | | 4 | | % | | | | | | | 3 | | % Acquisitions and divestitures | | | 6 | | % | | | | | | | 5 | | % Fixed currency sales change | | | 10 | | % | | | | | | | 9 | | % Foreign currency translation | | | 2 | | % | | | | | | | 3 | | % Public currency sales change | | | 12 | | % | | | | | | | 12 | | % Operating income at fixed currency (millions) | | | $347.7 | | | | | $329.7 | | | | | $645.5 | | | | | $608.4 Operating income at public currency (millions) | | | 348.8 | | | | | 321.9 | | | | | 648.1 | | | | | 586.0 Fixed currency operating income change | | | 5 | | % | | | | | | | 6 | | % Fixed currency operating income margin | | | 15.7 | | % | | | | 16.4 | | % | | | | 15.2 | | % | | | | 15.5 | | % Organic operating income change | | | 1 | | % | | | | | | | 0 | | % Organic operating income margin | | | 15.9 | | % | | | | 16.4 | | % | | | | 15.1 | | % | | | | 15.5 | | % Public currency operating income change | | | 8 | | % | | | | | | | 11 | | % Percentages in the above table do not necessarily sum due to rounding. Net Sales Fixed currency sales increased 10% and 9% for the second quarter and first six months of 2026, respectively, including a benefit from the acquisition of Ovivo Electronics. Organic sales for Global Water increased 4% and 3% in the second quarter and first six months of 2026, respectively, driven by accelerating growth in High-Tech, Food & Beverage and Light Water. Food & Beverage organic sales increased 7% and 6% in the second quarter and first six months of 2026, respectively, driven by new business wins and pricing. Heavy Water organic sales decreased 1% and 2% in the second quarter and first six months of 2026, respectively, as growth in downstream was offset by softer sales in basic industries. High-Tech organic sales increased 29% and 27% in the second quarter and first six months of 2026, respectively, reflecting new business wins across microelectronics and data centers. Light Water organic sales increased 3% in both the second quarter and first six months of 2026 driven by new business wins. Paper organic sales were flat and decreased 1% in the second quarter and first six months of 2026, respectively, driven by new business wins that overcame soft but stabilizing customer production rates. Operating Income Organic operating income increased and remained flat for Global Water in the second quarter and first six months of 2026, respectively. Organic operating income margins decreased for Global Water in the second quarter and first six months of 2026. Organic operating income margins decreased 0.5 percentage points during the second quarter of 2026 as the 2.4 percentage point positive impact of accelerating pricing was offset by the 3.2 percentage point impact of investments in the business and higher commodity costs. Organic operating income margins decreased 0.4 percentage points during the first six months of 2026 as the 2.3 percentage point positive impact of pricing and volume growth was more than offset by the 2.8 percentage point impact of investments in the business and higher commodity costs.