Q2 2026 Earnings

Enterprise Initiatives Contribution to Operating Margin

120

• Operating margin was 26.7% in the second quarter. The increase of 40 basis points was primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 40 basis points. • In the year-to-date period, operating margin of 26.1% increased 50 basis points primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 50 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 20 basis points.

Automotive OEM Operating Margin

21.6%

Operating income | | $ | | 185 | | | | $ | | 180 | | | | | | 2.7 | | % | | | 0.2 | | % | | — | | % | | 0.8 | | % | | 1.7 | | % | | 2.7 | | % Operating margin % | | 21.6 | | % | | | 21.3 | | % | | | | | 30 bps | | | 10 bps | | — | | | 20 bps | | — | | | 30 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,677 | | | | $ | | 1,631 | | | | | | 2.8 | | % | | | (0.6) | | % | | — | | % | | — | | % | | 3.4 | | % | | 2.8 | | % Operating income | | $ | | 358 | | | | $ | | 331 | | | | | | 7.9 | | % | | | 2.1 | | % | | — | | % | | 2.1 | | % | | 3.7 | | % | | 7.9 | | % Operating margin % | | 21.3 | | % | | | 20.3 | | % | | | | | 100 bps | | | 60 bps | | — | | | 40 bps | | — | | | 100 bps 22 • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period compared to worldwide auto builds which were flat in the second quarter and decreased 1% in the year-to-date period. Product line simplification activities reduced organic revenue by 80 basis points in the second quarter and 90 basis points in the year-to-date period. ◦ North American organic revenue grew 1.3% and decreased 1.8% in the second quarter and year-to-date periods, respectively, compared to North American auto builds which were flat in the second quarter and declined 1% in the year-to-date period, primarily due to product line simplification activities and customer mix. ◦ European organic revenue decreased 5.3% in the second quarter and 2.7% in the year-to-date period compared to European auto builds which declined 1% in the second quarter and were flat in the year-to-date period, primarily due to customer mix and product line simplification activities. ◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market. • Operating margin was 21.6% in the second quarter. The increase of 30 basis points was primarily due to benefits from the Company's enterprise initiatives, partially offset by unfavorable price/cost of 90 basis points, higher employee-related expenses and continued investment in the business. • In the year-to-date period, operating margin of 21.3% increased 100 basis points primarily due to benefits from the Company's enterprise initiatives and lower restructuring expenses of 40 basis points, partially offset by higher employee-related expenses, continued investment in the business and unfavorable price/cost of 50 basis points.

Construction Products Operating Margin

30.6%

Operating income | | $ | | 151 | | | | $ | | 145 | | | | | | 3.4 | | % | | | 1.9 | | % | | — | | % | | (0.2) | | % | | 1.7 | | % | | 3.4 | | % Operating margin % | | 30.6 | | % | | | 30.8 | | % | | | | | (20) bps | | | — | | | — | | | (10) bps | | (10) bps | | (20) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 952 | | | | $ | | 916 | | | | | | 3.9 | | % | | | 0.4 | | % | | — | | % | | — | | % | | | 3.5 | | % | | 3.9 | | % Operating income | | $ | | 286 | | | | $ | | 275 | | | | | | 3.8 | | % | | | 0.6 | | % | | — | | % | | 0.5 | | % | | | 2.7 | | % | | 3.8 | | % Operating margin % | | 30.0 | | % | | | 30.0 | | % | | | | | — | | | | 10 bps | | — | | | 10 bps | | | (20) bps | | — • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation and higher organic revenue. • Organic revenue increased 2.0% in the second quarter primarily due to higher demand across all major regions. In the year-to-date period, organic revenue grew 0.4% primarily due to higher demand in North America and Asia Pacific, partially offset by lower demand in Europe. Product line simplification activities reduced organic revenue by 10 basis points in the second quarter and 20 basis points in the year-to-date period. ◦ North American organic revenue increased 2.2% in the second quarter primarily due to growth of 12.9% and 0.8% in the United States commercial and residential end markets, respectively. In the year-to-date period, organic revenue grew 1.1% primarily due to growth in the commercial and residential end markets of 6.0% and 0.7%, respectively, partially offset by a decline in Canada of 2.8%. ◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. • Operating margin was 30.6% in the second quarter. The decrease of 20 basis points was primarily due to higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 40 basis points. • In the year-to-date period, operating margin of 30.0% was flat as benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points were offset by higher employee-related expenses.

Food Equipment Operating Margin

27.1%

Operating income | | $ | | 188 | | | | $ | | 189 | | | | | | (0.6) | | % | | | (2.2) | | % | | — | | % | | — | | % | | 1.6 | | % | | (0.6) | | % Operating margin % | | 27.1 | | % | | | 27.7 | | % | | | | | (60) bps | | | (60) bps | | — | | | — | | | — | | | (60) bps 23 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,329 | | | | $ | | 1,307 | | | | | | 1.6 | | % | | | (1.3) | | % | | — | | % | | — | | % | | 2.9 | | % | | 1.6 | | % Operating income | | $ | | 345 | | | | $ | | 355 | | | | | | (2.8) | | % | | | (5.7) | | % | | — | | % | | 0.3 | | % | | 2.6 | | % | | (2.8) | | % Operating margin % | | 26.0 | | % | | | 27.1 | | % | | | | | (110) bps | | | (120) bps | | — | | | 10 bps | | — | | | (110) bps • Operating revenue grew in the second quarter due to the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%. ◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period. ◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period. • Operating margin was 27.1% in the second quarter. The decrease of 60 basis points was primarily due to higher employee-related expenses and product mix, partially offset by benefits from the Company's enterprise initiatives and favorable price/cost of 10 basis points. • In the year-to-date period, operating margin of 26.0% decreased 110 basis points primarily due to higher employee-related expenses, product mix and unfavorable operating leverage of 20 basis points, partially offset by benefits from the Company's enterprise initiatives.

Operating Margin

26.7%

Three Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 4,301 | | | | $ | | 4,053 | | | | | | 6.1 | | % | | | 4.5 | | % | | 0.2 | | % | | — | | % | | | 1.4 | | % | | 6.1 | | % Operating income | | $ | | 1,147 | | | | $ | | 1,068 | | | | | | 7.4 | | % | | | 5.9 | | % | | 0.1 | | % | | (0.1) | | % | | | 1.5 | | % | | 7.4 | | % Operating margin % | | 26.7 | | % | | | 26.3 | | % | | | | | 40 bps | | | 40 bps | | — | | | — | | | | — | | | 40 bps 20 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 8,317 | | | | $ | | 7,892 | | | | | | 5.4 | | % | | | 2.5 | | % | | 0.3 | | % | | — | | % | | | 2.6 | | % | | 5.4 | | % Operating income | | $ | | 2,167 | | | | $ | | 2,019 | | | | | | 7.3 | | % | | | 4.1 | | % | | — | | % | | 0.6 | | % | | | 2.6 | | % | | 7.3 | | % Operating margin % | | 26.1 | | % | | | 25.6 | | % | | | | | 50 bps | | | 40 bps | | — | | | 10 bps | | | — | | | 50 bps

Polymers & Fluids Operating Margin

29.3%

Operating income | | $ | | 140 | | | | $ | | 121 | | | | | | 15.1 | | % | | | 14.2 | | % | | — | | % | | (0.4) | | % | | | 1.3 | | % | | 15.1 | | % Operating margin % | | 29.3 | | % | | | 27.7 | | % | | | | | 160 bps | | | 180 bps | | — | | | (10) bps | | | (10) bps | | 160 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 928 | | | | $ | | 867 | | | | | | 7.1 | | % | | | 4.6 | | % | | — | | % | | — | | % | | | 2.5 | | % | | 7.1 | | % Operating income | | $ | | 266 | | | | $ | | 235 | | | | | | 13.2 | | % | | | 10.9 | | % | | — | | % | | (0.1) | | % | | | 2.4 | | % | | 13.2 | | % Operating margin % | | 28.7 | | % | | | 27.1 | | % | | | | | 160 bps | | | 170 bps | | — | | | — | | | | (10) bps | | 160 bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 7.3% in the second quarter and 4.6% in the year-to-date period due to higher demand across all major regions. Product line simplification activities reduced organic revenue by 30 basis points and 50 basis points in the second quarter and year-to-date periods, respectively. ◦ Organic revenue for the automotive aftermarket businesses increased 7.4% in the second quarter primarily due to higher demand in the car care, engine repair and body repair businesses in North America and the tire repair business in Asia Pacific and Europe. In the year-to-date period, organic revenue grew 5.1% primarily due to higher demand in the car care, engine repair and tire repair businesses in North America and the tire repair business in Asia Pacific and Europe, partially offset by lower demand in the body repair business. ◦ Organic revenue for the polymers businesses increased 6.7% in the second quarter and 3.6% in the year-to-date period primarily due to an increase across all major regions. ◦ Organic revenue for the fluids businesses grew 7.8% and 4.1% in the second quarter and year-to-date periods, respectively, primarily driven by higher demand in the biopharmaceutical end market and growth in North America. • Operating margin was 29.3% in the second quarter. The increase of 160 basis points was primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 140 basis points, partially offset by higher employee-related expenses. • In the year-to-date period, operating margin of 28.7% increased 160 basis points primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses.

Specialty Products Operating Margin

31.5%

Operating income | | $ | | 148 | | | | $ | | 148 | | | | | | (0.3) | | % | | | (2.2) | | % | | — | | % | | 0.4 | | % | | 1.5 | | % | | (0.3) | | % Operating margin % | | 31.5 | | % | | | 32.6 | | % | | | | | (110) bps | | | (130) bps | | — | | | 20 bps | | — | | | (110) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 899 | | | | $ | | 890 | | | | | | 1.1 | | % | | | (1.5) | | % | | — | | % | | — | | % | | 2.6 | | % | | 1.1 | | % Operating income | | $ | | 283 | | | | $ | | 283 | | | | | | — | | % | | | (3.6) | | % | | — | | % | | 0.9 | | % | | 2.7 | | % | | — | | % Operating margin % | | 31.4 | | % | | | 31.8 | | % | | | | | (40) bps | | | (70) bps | | — | | | 30 bps | | — | | | (40) bps • Operating revenue grew in the second quarter due to higher organic revenue and the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively. ◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses. ◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses. • Operating margin was 31.5% in the second quarter. The decrease of 110 basis points was primarily due to unfavorable price/cost of 160 basis points and higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points. • In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.

Test & Measurement and Electronics Operating Margin

25.2%

Operating income | | $ | | 193 | | | | $ | | 157 | | | | | | 24.0 | | % | | | 22.4 | | % | | 0.6 | | % | | (0.2) | | % | | | 1.2 | | % | | 24.0 | | % Operating margin % | | 25.2 | | % | | | 22.8 | | % | | | | | 240 bps | | | 250 bps | | (20) bps | | — | | | | 10 bps | | 240 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | | Total Operating revenue | | $ | | 1,484 | | | | $ | | 1,338 | | | | | | 10.9 | | % | | | 7.4 | | % | | 1.5 | | % | | — | | % | | 2.0 | | % | | | 10.9 | | % Operating income | | $ | | 357 | | | | $ | | 296 | | | | | | 21.0 | | % | | | 18.3 | | % | | (0.3) | | % | | 1.0 | | % | | 2.0 | | % | | | 21.0 | | % Operating margin % | | 24.1 | | % | | | 22.1 | | % | | | | | 200 bps | | | 220 bps | | (40) bps | | 20 bps | | — | | | | 200 bps • Op erating revenue grew in the second quarter and year-to-date periods due to higher organic and acquisition revenues, and the favorable effect of foreign currency translation. • On October 1, 2025, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $120 million, net of cash acquired. Refer to Note 2. Acquisitions in Item 1. Financial Statements for further information regarding this acquisition. • Organic revenue increased 10.0% in the second quarter and 7.4% in the year-to-date period primarily due to higher demand in the semiconductor and electronics end markets. ◦ Organic revenue for the test and measurement businesses increased 4.2% in the second quarter and 2.9% in the year-to-date period primarily driven by higher demand in the semiconductor end market, primarily in North America and Asia Pacific, and growth in Instron, partially offset by a decline in the MTS Test & Simulation business. ◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe. • Operating margin was 25.2% in the second quarter. The increase of 240 basis points was primarily due to positive operating leverage of 250 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 20 basis points from an acquisition. • In the year-to-date period, operating margin of 24.1% increased 200 basis points primarily due to positive operating leverage of 200 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 40 basis points from an acquisition.

Welding Operating Margin

32.4%

Operating income | | $ | | 178 | | | | $ | | 159 | | | | | | 12.0 | | % | | | 12.7 | | % | | — | | % | | (1.1) | | % | | | 0.4 | | % | | 12.0 | | % Operating margin % | | 32.4 | | % | | | 33.1 | | % | | | | | (70) bps | | | (30) bps | | — | | | (30) bps | | | (10) bps | | (70) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,056 | | | | $ | | 951 | | | | | | 11.0 | | % | | | 10.0 | | % | | — | | % | | — | | % | | 1.0 | | % | | 11.0 | | % Operating income | | $ | | 341 | | | | $ | | 312 | | | | | | 9.2 | | % | | | 9.3 | | % | | — | | % | | (0.8) | | % | | 0.7 | | % | | 9.2 | | % Operating margin % | | 32.3 | | % | | | 32.8 | | % | | | | | (50) bps | | | (20) bps | | — | | | (20) bps | | (10) bps | | (50) bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%. ◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets. ◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe. • Operating margin was 32.4% in the second quarter. The decrease of 70 basis points was primarily due to higher employee-related expenses, unfavorable price/cost of 50 basis points and higher restructuring expenses of 30 basis points, partially offset by positive operating leverage of 220 basis points and benefits from the Company's enterprise initiatives. • In the year-to-date period, operating margin of 32.3% decreased 50 basis points primarily due to higher employee-related expenses, unfavorable price/cost of 20 basis points and higher restructuring expenses of 20 basis points, partially offset by positive operating leverage of 160 basis points and benefits from the Company's enterprise initiatives.

Construction Products Operating Leverage Margin Contribution

40

• Organic revenue increased 2.0% in the second quarter primarily due to higher demand across all major regions. In the year-to-date period, organic revenue grew 0.4% primarily due to higher demand in North America and Asia Pacific, partially offset by lower demand in Europe. Product line simplification activities reduced organic revenue by 10 basis points in the second quarter and 20 basis points in the year-to-date period. ◦ North American organic revenue increased 2.2% in the second quarter primarily due to growth of 12.9% and 0.8% in the United States commercial and residential end markets, respectively. In the year-to-date period, organic revenue grew 1.1% primarily due to growth in the commercial and residential end markets of 6.0% and 0.7%, respectively, partially offset by a decline in Canada of 2.8%. ◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. • Operating margin was 30.6% in the second quarter. The decrease of 20 basis points was primarily due to higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 40 basis points. • In the year-to-date period, operating margin of 30.0% was flat as benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points were offset by higher employee-related expenses.

Food Equipment Operating Leverage Margin Contribution

-20

• Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%. ◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period. ◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period. • Operating margin was 27.1% in the second quarter. The decrease of 60 basis points was primarily due to higher employee-related expenses and product mix, partially offset by benefits from the Company's enterprise initiatives and favorable price/cost of 10 basis points. • In the year-to-date period, operating margin of 26.0% decreased 110 basis points primarily due to higher employee-related expenses, product mix and unfavorable operating leverage of 20 basis points, partially offset by benefits from the Company's enterprise initiatives.

Operating Leverage Contribution to Operating Margin

90

• Operating margin was 26.7% in the second quarter. The increase of 40 basis points was primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 40 basis points. • In the year-to-date period, operating margin of 26.1% increased 50 basis points primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 50 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 20 basis points.

Polymers Fluids Operating Leverage Margin Contribution

140

• Organic revenue increased 7.3% in the second quarter and 4.6% in the year-to-date period due to higher demand across all major regions. Product line simplification activities reduced organic revenue by 30 basis points and 50 basis points in the second quarter and year-to-date periods, respectively. ◦ Organic revenue for the automotive aftermarket businesses increased 7.4% in the second quarter primarily due to higher demand in the car care, engine repair and body repair businesses in North America and the tire repair business in Asia Pacific and Europe. In the year-to-date period, organic revenue grew 5.1% primarily due to higher demand in the car care, engine repair and tire repair businesses in North America and the tire repair business in Asia Pacific and Europe, partially offset by lower demand in the body repair business. ◦ Organic revenue for the polymers businesses increased 6.7% in the second quarter and 3.6% in the year-to-date period primarily due to an increase across all major regions. ◦ Organic revenue for the fluids businesses grew 7.8% and 4.1% in the second quarter and year-to-date periods, respectively, primarily driven by higher demand in the biopharmaceutical end market and growth in North America. • Operating margin was 29.3% in the second quarter. The increase of 160 basis points was primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 140 basis points, partially offset by higher employee-related expenses. • In the year-to-date period, operating margin of 28.7% increased 160 basis points primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses.

Specialty Products Operating Leverage Margin Contribution

20

• Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively. ◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses. ◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses. • Operating margin was 31.5% in the second quarter. The decrease of 110 basis points was primarily due to unfavorable price/cost of 160 basis points and higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points. • In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.

Test Measurement Electronics Operating Leverage Margin Contribution

250

• Organic revenue increased 10.0% in the second quarter and 7.4% in the year-to-date period primarily due to higher demand in the semiconductor and electronics end markets. ◦ Organic revenue for the test and measurement businesses increased 4.2% in the second quarter and 2.9% in the year-to-date period primarily driven by higher demand in the semiconductor end market, primarily in North America and Asia Pacific, and growth in Instron, partially offset by a decline in the MTS Test & Simulation business. ◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe. • Operating margin was 25.2% in the second quarter. The increase of 240 basis points was primarily due to positive operating leverage of 250 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 20 basis points from an acquisition. • In the year-to-date period, operating margin of 24.1% increased 200 basis points primarily due to positive operating leverage of 200 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 40 basis points from an acquisition.

Welding Operating Leverage Margin Contribution

220

• Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%. ◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets. ◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe. • Operating margin was 32.4% in the second quarter. The decrease of 70 basis points was primarily due to higher employee-related expenses, unfavorable price/cost of 50 basis points and higher restructuring expenses of 30 basis points, partially offset by positive operating leverage of 220 basis points and benefits from the Company's enterprise initiatives. • In the year-to-date period, operating margin of 32.3% decreased 50 basis points primarily due to higher employee-related expenses, unfavorable price/cost of 20 basis points and higher restructuring expenses of 20 basis points, partially offset by positive operating leverage of 160 basis points and benefits from the Company's enterprise initiatives.

Asia Pacific Organic Revenue Growth

5.6%

◦ Asia Pacific organic revenue grew 5.6% in the second quarter and increased 4.1% in the year-to-date period primarily due to growth in the Test & Measurement and Electronics segment. Organic revenue in China increased 3.4% in the second quarter as growth in the Test & Measurement and Electronics, Food Equipment, Specialty Products and Automotive OEM segments was partially offset by a decline in the Polymers & Fluids, Welding and Construction Products segments. In the year-to-date period, organic revenue grew 1.0% as growth in the Test & Measurement and Electronics, Food Equipment and Welding segments was partially offset by a decrease in the Automotive OEM, Specialty Products, Polymers & Fluids and Construction Products segments.

Automotive Aftermarket Organic Revenue Growth

7.4%

◦ Organic revenue for the automotive aftermarket businesses increased 7.4% in the second quarter primarily due to higher demand in the car care, engine repair and body repair businesses in North America and the tire repair business in Asia Pacific and Europe. In the year-to-date period, organic revenue grew 5.1% primarily due to higher demand in the car care, engine repair and tire repair businesses in North America and the tire repair business in Asia Pacific and Europe, partially offset by lower demand in the body repair business.

Automotive OEM Asia Pacific Organic Revenue Growth

3.1%

◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market.

Automotive OEM China Organic Revenue Growth

0.5%

◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market.

Automotive OEM Europe Organic Revenue Growth

-5.3%

◦ European organic revenue decreased 5.3% in the second quarter and 2.7% in the year-to-date period compared to European auto builds which declined 1% in the second quarter and were flat in the year-to-date period, primarily due to customer mix and product line simplification activities.

Automotive OEM North America Organic Revenue Growth

1.3%

◦ North American organic revenue grew 1.3% and decreased 1.8% in the second quarter and year-to-date periods, respectively, compared to North American auto builds which were flat in the second quarter and declined 1% in the year-to-date period, primarily due to product line simplification activities and customer mix.

Automotive OEM Organic Operating Income Growth

0.2%

Operating income | | $ | | 185 | | | | $ | | 180 | | | | | | 2.7 | | % | | | 0.2 | | % | | — | | % | | 0.8 | | % | | 1.7 | | % | | 2.7 | | % Operating margin % | | 21.6 | | % | | | 21.3 | | % | | | | | 30 bps | | | 10 bps | | — | | | 20 bps | | — | | | 30 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,677 | | | | $ | | 1,631 | | | | | | 2.8 | | % | | | (0.6) | | % | | — | | % | | — | | % | | 3.4 | | % | | 2.8 | | % Operating income | | $ | | 358 | | | | $ | | 331 | | | | | | 7.9 | | % | | | 2.1 | | % | | — | | % | | 2.1 | | % | | 3.7 | | % | | 7.9 | | % Operating margin % | | 21.3 | | % | | | 20.3 | | % | | | | | 100 bps | | | 60 bps | | — | | | 40 bps | | — | | | 100 bps 22 • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period compared to worldwide auto builds which were flat in the second quarter and decreased 1% in the year-to-date period. Product line simplification activities reduced organic revenue by 80 basis points in the second quarter and 90 basis points in the year-to-date period. ◦ North American organic revenue grew 1.3% and decreased 1.8% in the second quarter and year-to-date periods, respectively, compared to North American auto builds which were flat in the second quarter and declined 1% in the year-to-date period, primarily due to product line simplification activities and customer mix. ◦ European organic revenue decreased 5.3% in the second quarter and 2.7% in the year-to-date period compared to European auto builds which declined 1% in the second quarter and were flat in the year-to-date period, primarily due to customer mix and product line simplification activities. ◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market. • Operating margin was 21.6% in the second quarter. The increase of 30 basis points was primarily due to benefits from the Company's enterprise initiatives, partially offset by unfavorable price/cost of 90 basis points, higher employee-related expenses and continued investment in the business. • In the year-to-date period, operating margin of 21.3% increased 100 basis points primarily due to benefits from the Company's enterprise initiatives and lower restructuring expenses of 40 basis points, partially offset by higher employee-related expenses, continued investment in the business and unfavorable price/cost of 50 basis points.

Automotive OEM Organic Revenue Growth

-0.4%

Operating income | | $ | | 185 | | | | $ | | 180 | | | | | | 2.7 | | % | | | 0.2 | | % | | — | | % | | 0.8 | | % | | 1.7 | | % | | 2.7 | | % Operating margin % | | 21.6 | | % | | | 21.3 | | % | | | | | 30 bps | | | 10 bps | | — | | | 20 bps | | — | | | 30 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,677 | | | | $ | | 1,631 | | | | | | 2.8 | | % | | | (0.6) | | % | | — | | % | | — | | % | | 3.4 | | % | | 2.8 | | % Operating income | | $ | | 358 | | | | $ | | 331 | | | | | | 7.9 | | % | | | 2.1 | | % | | — | | % | | 2.1 | | % | | 3.7 | | % | | 7.9 | | % Operating margin % | | 21.3 | | % | | | 20.3 | | % | | | | | 100 bps | | | 60 bps | | — | | | 40 bps | | — | | | 100 bps 22 • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period compared to worldwide auto builds which were flat in the second quarter and decreased 1% in the year-to-date period. Product line simplification activities reduced organic revenue by 80 basis points in the second quarter and 90 basis points in the year-to-date period. ◦ North American organic revenue grew 1.3% and decreased 1.8% in the second quarter and year-to-date periods, respectively, compared to North American auto builds which were flat in the second quarter and declined 1% in the year-to-date period, primarily due to product line simplification activities and customer mix. ◦ European organic revenue decreased 5.3% in the second quarter and 2.7% in the year-to-date period compared to European auto builds which declined 1% in the second quarter and were flat in the year-to-date period, primarily due to customer mix and product line simplification activities. ◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market. • Operating margin was 21.6% in the second quarter. The increase of 30 basis points was primarily due to benefits from the Company's enterprise initiatives, partially offset by unfavorable price/cost of 90 basis points, higher employee-related expenses and continued investment in the business. • In the year-to-date period, operating margin of 21.3% increased 100 basis points primarily due to benefits from the Company's enterprise initiatives and lower restructuring expenses of 40 basis points, partially offset by higher employee-related expenses, continued investment in the business and unfavorable price/cost of 50 basis points.

China Organic Revenue Growth

3.4%

◦ Asia Pacific organic revenue grew 5.6% in the second quarter and increased 4.1% in the year-to-date period primarily due to growth in the Test & Measurement and Electronics segment. Organic revenue in China increased 3.4% in the second quarter as growth in the Test & Measurement and Electronics, Food Equipment, Specialty Products and Automotive OEM segments was partially offset by a decline in the Polymers & Fluids, Welding and Construction Products segments. In the year-to-date period, organic revenue grew 1.0% as growth in the Test & Measurement and Electronics, Food Equipment and Welding segments was partially offset by a decrease in the Automotive OEM, Specialty Products, Polymers & Fluids and Construction Products segments.

Construction Products Asia Pacific Organic Revenue Growth

2.4%

◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets.

Construction Products Europe Organic Revenue Growth

1.4%

◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets.

Construction Products International Organic Revenue Growth

1.8%

◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets.

Construction Products North America Organic Revenue Growth

2.2%

◦ North American organic revenue increased 2.2% in the second quarter primarily due to growth of 12.9% and 0.8% in the United States commercial and residential end markets, respectively. In the year-to-date period, organic revenue grew 1.1% primarily due to growth in the commercial and residential end markets of 6.0% and 0.7%, respectively, partially offset by a decline in Canada of 2.8%.

Construction Products Organic Operating Income Growth

1.9%

Operating income | | $ | | 151 | | | | $ | | 145 | | | | | | 3.4 | | % | | | 1.9 | | % | | — | | % | | (0.2) | | % | | 1.7 | | % | | 3.4 | | % Operating margin % | | 30.6 | | % | | | 30.8 | | % | | | | | (20) bps | | | — | | | — | | | (10) bps | | (10) bps | | (20) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 952 | | | | $ | | 916 | | | | | | 3.9 | | % | | | 0.4 | | % | | — | | % | | — | | % | | | 3.5 | | % | | 3.9 | | % Operating income | | $ | | 286 | | | | $ | | 275 | | | | | | 3.8 | | % | | | 0.6 | | % | | — | | % | | 0.5 | | % | | | 2.7 | | % | | 3.8 | | % Operating margin % | | 30.0 | | % | | | 30.0 | | % | | | | | — | | | | 10 bps | | — | | | 10 bps | | | (20) bps | | — • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation and higher organic revenue. • Organic revenue increased 2.0% in the second quarter primarily due to higher demand across all major regions. In the year-to-date period, organic revenue grew 0.4% primarily due to higher demand in North America and Asia Pacific, partially offset by lower demand in Europe. Product line simplification activities reduced organic revenue by 10 basis points in the second quarter and 20 basis points in the year-to-date period. ◦ North American organic revenue increased 2.2% in the second quarter primarily due to growth of 12.9% and 0.8% in the United States commercial and residential end markets, respectively. In the year-to-date period, organic revenue grew 1.1% primarily due to growth in the commercial and residential end markets of 6.0% and 0.7%, respectively, partially offset by a decline in Canada of 2.8%. ◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. • Operating margin was 30.6% in the second quarter. The decrease of 20 basis points was primarily due to higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 40 basis points. • In the year-to-date period, operating margin of 30.0% was flat as benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points were offset by higher employee-related expenses.

Construction Products Organic Revenue Growth

2.0%

Operating income | | $ | | 151 | | | | $ | | 145 | | | | | | 3.4 | | % | | | 1.9 | | % | | — | | % | | (0.2) | | % | | 1.7 | | % | | 3.4 | | % Operating margin % | | 30.6 | | % | | | 30.8 | | % | | | | | (20) bps | | | — | | | — | | | (10) bps | | (10) bps | | (20) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 952 | | | | $ | | 916 | | | | | | 3.9 | | % | | | 0.4 | | % | | — | | % | | — | | % | | | 3.5 | | % | | 3.9 | | % Operating income | | $ | | 286 | | | | $ | | 275 | | | | | | 3.8 | | % | | | 0.6 | | % | | — | | % | | 0.5 | | % | | | 2.7 | | % | | 3.8 | | % Operating margin % | | 30.0 | | % | | | 30.0 | | % | | | | | — | | | | 10 bps | | — | | | 10 bps | | | (20) bps | | — • Operating revenue grew in the second quarter and year-to-date periods due to the favorable effect of foreign currency translation and higher organic revenue. • Organic revenue increased 2.0% in the second quarter primarily due to higher demand across all major regions. In the year-to-date period, organic revenue grew 0.4% primarily due to higher demand in North America and Asia Pacific, partially offset by lower demand in Europe. Product line simplification activities reduced organic revenue by 10 basis points in the second quarter and 20 basis points in the year-to-date period. ◦ North American organic revenue increased 2.2% in the second quarter primarily due to growth of 12.9% and 0.8% in the United States commercial and residential end markets, respectively. In the year-to-date period, organic revenue grew 1.1% primarily due to growth in the commercial and residential end markets of 6.0% and 0.7%, respectively, partially offset by a decline in Canada of 2.8%. ◦ International organic revenue increased 1.8% in the second quarter. European organic revenue grew 1.4% primarily due to higher demand in continental Europe in the commercial and residential end markets, partially offset by a decline in the United Kingdom. Asia Pacific organic revenue increased 2.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. In the year-to-date period, organic revenue declined 0.4%. European organic revenue decreased 1.0% primarily due to lower demand in the United Kingdom, partially offset by an increase in continental Europe in the commercial and residential end markets. Asia Pacific organic revenue grew 0.4% primarily due to higher demand in the Australia and New Zealand commercial and residential end markets. • Operating margin was 30.6% in the second quarter. The decrease of 20 basis points was primarily due to higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 40 basis points. • In the year-to-date period, operating margin of 30.0% was flat as benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points were offset by higher employee-related expenses.

EMEA Organic Revenue Growth

0.0%

◦ Europe, Middle East and Africa organic revenue was flat in the second quarter as growth in the Food Equipment, Polymers & Fluids, Construction Products and Specialty Products segments was offset by a decline in the Automotive OEM, Test & Measurement and Electronics and Welding segments. In the year-to-date period, organic revenue declined 1.1% as a decrease in the Test & Measurement and Electronics, Automotive OEM, Welding and Construction Products segments was partially offset by growth in the Food Equipment, Polymers & Fluids and Specialty Products segments.

Electronics Assembly Organic Revenue Growth

49.2%

◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe.

Electronics Organic Revenue Growth

21.0%

◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe.

Fluids Businesses Organic Revenue Growth

7.8%

◦ Organic revenue for the fluids businesses grew 7.8% and 4.1% in the second quarter and year-to-date periods, respectively, primarily driven by higher demand in the biopharmaceutical end market and growth in North America.

Food Equipment Equipment Organic Revenue Growth

-2.4%

• Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%.

Food Equipment International Equipment Organic Revenue Growth

6.2%

◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period.

Food Equipment International Organic Revenue Growth

5.7%

◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period.

Food Equipment International Service Organic Revenue Growth

5.3%

◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period.

Food Equipment North America Equipment Organic Revenue Growth

-8.2%

◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period.

Food Equipment North America Organic Revenue Growth

-3.5%

◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period.

Food Equipment North America Service Organic Revenue Growth

4.9%

◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period.

Food Equipment Organic Operating Income Growth

-2.2%

Operating income | | $ | | 188 | | | | $ | | 189 | | | | | | (0.6) | | % | | | (2.2) | | % | | — | | % | | — | | % | | 1.6 | | % | | (0.6) | | % Operating margin % | | 27.1 | | % | | | 27.7 | | % | | | | | (60) bps | | | (60) bps | | — | | | — | | | — | | | (60) bps 23 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,329 | | | | $ | | 1,307 | | | | | | 1.6 | | % | | | (1.3) | | % | | — | | % | | — | | % | | 2.9 | | % | | 1.6 | | % Operating income | | $ | | 345 | | | | $ | | 355 | | | | | | (2.8) | | % | | | (5.7) | | % | | — | | % | | 0.3 | | % | | 2.6 | | % | | (2.8) | | % Operating margin % | | 26.0 | | % | | | 27.1 | | % | | | | | (110) bps | | | (120) bps | | — | | | 10 bps | | — | | | (110) bps • Operating revenue grew in the second quarter due to the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%. ◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period. ◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period. • Operating margin was 27.1% in the second quarter. The decrease of 60 basis points was primarily due to higher employee-related expenses and product mix, partially offset by benefits from the Company's enterprise initiatives and favorable price/cost of 10 basis points. • In the year-to-date period, operating margin of 26.0% decreased 110 basis points primarily due to higher employee-related expenses, product mix and unfavorable operating leverage of 20 basis points, partially offset by benefits from the Company's enterprise initiatives.

Food Equipment Organic Revenue Growth

0.0%

Operating income | | $ | | 188 | | | | $ | | 189 | | | | | | (0.6) | | % | | | (2.2) | | % | | — | | % | | — | | % | | 1.6 | | % | | (0.6) | | % Operating margin % | | 27.1 | | % | | | 27.7 | | % | | | | | (60) bps | | | (60) bps | | — | | | — | | | — | | | (60) bps 23 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,329 | | | | $ | | 1,307 | | | | | | 1.6 | | % | | | (1.3) | | % | | — | | % | | — | | % | | 2.9 | | % | | 1.6 | | % Operating income | | $ | | 345 | | | | $ | | 355 | | | | | | (2.8) | | % | | | (5.7) | | % | | — | | % | | 0.3 | | % | | 2.6 | | % | | (2.8) | | % Operating margin % | | 26.0 | | % | | | 27.1 | | % | | | | | (110) bps | | | (120) bps | | — | | | 10 bps | | — | | | (110) bps • Operating revenue grew in the second quarter due to the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%. ◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period. ◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period. • Operating margin was 27.1% in the second quarter. The decrease of 60 basis points was primarily due to higher employee-related expenses and product mix, partially offset by benefits from the Company's enterprise initiatives and favorable price/cost of 10 basis points. • In the year-to-date period, operating margin of 26.0% decreased 110 basis points primarily due to higher employee-related expenses, product mix and unfavorable operating leverage of 20 basis points, partially offset by benefits from the Company's enterprise initiatives.

Food Equipment Service Organic Revenue Growth

5.0%

• Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%.

North America Organic Revenue Growth

6.4%

◦ North American organic revenue grew 6.4% in the second quarter as growth in the Welding, Test & Measurement and Electronics, Polymers & Fluids, Construction Products, Specialty Products and Automotive OEM segments was partially offset by a decrease in the Food Equipment segment. In the year-to-date period, organic revenue increased 3.8% due to growth in the Welding, Test & Measurement and Electronics, Polymers & Fluids and Construction Products segments, partially offset by a decline in the Food Equipment, Specialty Products and Automotive OEM segments.

Organic Operating Income Growth

5.9%

Three Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 4,301 | | | | $ | | 4,053 | | | | | | 6.1 | | % | | | 4.5 | | % | | 0.2 | | % | | — | | % | | | 1.4 | | % | | 6.1 | | % Operating income | | $ | | 1,147 | | | | $ | | 1,068 | | | | | | 7.4 | | % | | | 5.9 | | % | | 0.1 | | % | | (0.1) | | % | | | 1.5 | | % | | 7.4 | | % Operating margin % | | 26.7 | | % | | | 26.3 | | % | | | | | 40 bps | | | 40 bps | | — | | | — | | | | — | | | 40 bps 20 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 8,317 | | | | $ | | 7,892 | | | | | | 5.4 | | % | | | 2.5 | | % | | 0.3 | | % | | — | | % | | | 2.6 | | % | | 5.4 | | % Operating income | | $ | | 2,167 | | | | $ | | 2,019 | | | | | | 7.3 | | % | | | 4.1 | | % | | — | | % | | 0.6 | | % | | | 2.6 | | % | | 7.3 | | % Operating margin % | | 26.1 | | % | | | 25.6 | | % | | | | | 50 bps | | | 40 bps | | — | | | 10 bps | | | — | | | 50 bps

Organic Revenue Growth

4.5%

• Operating revenue grew in the second quarter and year-to-date periods due to higher organic and acquisition revenues and the favorable effect of foreign currency translation. • Organic revenue increased 4.5% in the second quarter and 2.5% in the year-to-date period primarily driven by growth in the Test & Measurement and Electronics, Welding and Polymers & Fluids segments. Product line simplification activities reduced organic revenue by 60 basis points in both the second quarter and year-to-date periods.

Other Electronics Organic Revenue Growth

11.3%

◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe.

Polymers & Fluids Organic Operating Income Growth

14.2%

Operating income | | $ | | 140 | | | | $ | | 121 | | | | | | 15.1 | | % | | | 14.2 | | % | | — | | % | | (0.4) | | % | | | 1.3 | | % | | 15.1 | | % Operating margin % | | 29.3 | | % | | | 27.7 | | % | | | | | 160 bps | | | 180 bps | | — | | | (10) bps | | | (10) bps | | 160 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 928 | | | | $ | | 867 | | | | | | 7.1 | | % | | | 4.6 | | % | | — | | % | | — | | % | | | 2.5 | | % | | 7.1 | | % Operating income | | $ | | 266 | | | | $ | | 235 | | | | | | 13.2 | | % | | | 10.9 | | % | | — | | % | | (0.1) | | % | | | 2.4 | | % | | 13.2 | | % Operating margin % | | 28.7 | | % | | | 27.1 | | % | | | | | 160 bps | | | 170 bps | | — | | | — | | | | (10) bps | | 160 bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 7.3% in the second quarter and 4.6% in the year-to-date period due to higher demand across all major regions. Product line simplification activities reduced organic revenue by 30 basis points and 50 basis points in the second quarter and year-to-date periods, respectively. ◦ Organic revenue for the automotive aftermarket businesses increased 7.4% in the second quarter primarily due to higher demand in the car care, engine repair and body repair businesses in North America and the tire repair business in Asia Pacific and Europe. In the year-to-date period, organic revenue grew 5.1% primarily due to higher demand in the car care, engine repair and tire repair businesses in North America and the tire repair business in Asia Pacific and Europe, partially offset by lower demand in the body repair business. ◦ Organic revenue for the polymers businesses increased 6.7% in the second quarter and 3.6% in the year-to-date period primarily due to an increase across all major regions. ◦ Organic revenue for the fluids businesses grew 7.8% and 4.1% in the second quarter and year-to-date periods, respectively, primarily driven by higher demand in the biopharmaceutical end market and growth in North America. • Operating margin was 29.3% in the second quarter. The increase of 160 basis points was primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 140 basis points, partially offset by higher employee-related expenses. • In the year-to-date period, operating margin of 28.7% increased 160 basis points primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses.

Polymers & Fluids Organic Revenue Growth

7.3%

Operating income | | $ | | 140 | | | | $ | | 121 | | | | | | 15.1 | | % | | | 14.2 | | % | | — | | % | | (0.4) | | % | | | 1.3 | | % | | 15.1 | | % Operating margin % | | 29.3 | | % | | | 27.7 | | % | | | | | 160 bps | | | 180 bps | | — | | | (10) bps | | | (10) bps | | 160 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 928 | | | | $ | | 867 | | | | | | 7.1 | | % | | | 4.6 | | % | | — | | % | | — | | % | | | 2.5 | | % | | 7.1 | | % Operating income | | $ | | 266 | | | | $ | | 235 | | | | | | 13.2 | | % | | | 10.9 | | % | | — | | % | | (0.1) | | % | | | 2.4 | | % | | 13.2 | | % Operating margin % | | 28.7 | | % | | | 27.1 | | % | | | | | 160 bps | | | 170 bps | | — | | | — | | | | (10) bps | | 160 bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 7.3% in the second quarter and 4.6% in the year-to-date period due to higher demand across all major regions. Product line simplification activities reduced organic revenue by 30 basis points and 50 basis points in the second quarter and year-to-date periods, respectively. ◦ Organic revenue for the automotive aftermarket businesses increased 7.4% in the second quarter primarily due to higher demand in the car care, engine repair and body repair businesses in North America and the tire repair business in Asia Pacific and Europe. In the year-to-date period, organic revenue grew 5.1% primarily due to higher demand in the car care, engine repair and tire repair businesses in North America and the tire repair business in Asia Pacific and Europe, partially offset by lower demand in the body repair business. ◦ Organic revenue for the polymers businesses increased 6.7% in the second quarter and 3.6% in the year-to-date period primarily due to an increase across all major regions. ◦ Organic revenue for the fluids businesses grew 7.8% and 4.1% in the second quarter and year-to-date periods, respectively, primarily driven by higher demand in the biopharmaceutical end market and growth in North America. • Operating margin was 29.3% in the second quarter. The increase of 160 basis points was primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 140 basis points, partially offset by higher employee-related expenses. • In the year-to-date period, operating margin of 28.7% increased 160 basis points primarily due to benefits from the Company's enterprise initiatives and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses.

Polymers Businesses Organic Revenue Growth

6.7%

◦ Organic revenue for the polymers businesses increased 6.7% in the second quarter and 3.6% in the year-to-date period primarily due to an increase across all major regions.

Specialty Products Consumables Organic Revenue Growth

4.1%

• Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively.

Specialty Products Equipment Organic Revenue Growth

-6.3%

• Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively.

Specialty Products International Organic Revenue Growth

1.3%

◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses.

Specialty Products North America Organic Revenue Growth

1.8%

◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses.

Specialty Products Organic Operating Income Growth

-2.2%

Operating income | | $ | | 148 | | | | $ | | 148 | | | | | | (0.3) | | % | | | (2.2) | | % | | — | | % | | 0.4 | | % | | 1.5 | | % | | (0.3) | | % Operating margin % | | 31.5 | | % | | | 32.6 | | % | | | | | (110) bps | | | (130) bps | | — | | | 20 bps | | — | | | (110) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 899 | | | | $ | | 890 | | | | | | 1.1 | | % | | | (1.5) | | % | | — | | % | | — | | % | | 2.6 | | % | | 1.1 | | % Operating income | | $ | | 283 | | | | $ | | 283 | | | | | | — | | % | | | (3.6) | | % | | — | | % | | 0.9 | | % | | 2.7 | | % | | — | | % Operating margin % | | 31.4 | | % | | | 31.8 | | % | | | | | (40) bps | | | (70) bps | | — | | | 30 bps | | — | | | (40) bps • Operating revenue grew in the second quarter due to higher organic revenue and the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively. ◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses. ◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses. • Operating margin was 31.5% in the second quarter. The decrease of 110 basis points was primarily due to unfavorable price/cost of 160 basis points and higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points. • In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.

Specialty Products Organic Revenue Growth

1.6%

Operating income | | $ | | 148 | | | | $ | | 148 | | | | | | (0.3) | | % | | | (2.2) | | % | | — | | % | | 0.4 | | % | | 1.5 | | % | | (0.3) | | % Operating margin % | | 31.5 | | % | | | 32.6 | | % | | | | | (110) bps | | | (130) bps | | — | | | 20 bps | | — | | | (110) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 899 | | | | $ | | 890 | | | | | | 1.1 | | % | | | (1.5) | | % | | — | | % | | — | | % | | 2.6 | | % | | 1.1 | | % Operating income | | $ | | 283 | | | | $ | | 283 | | | | | | — | | % | | | (3.6) | | % | | — | | % | | 0.9 | | % | | 2.7 | | % | | — | | % Operating margin % | | 31.4 | | % | | | 31.8 | | % | | | | | (40) bps | | | (70) bps | | — | | | 30 bps | | — | | | (40) bps • Operating revenue grew in the second quarter due to higher organic revenue and the favorable effect of foreign currency translation. In the year-to-date period, operating revenue increased due to the favorable effect of foreign currency translation, partially offset by lower organic revenue. • Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively. ◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses. ◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses. • Operating margin was 31.5% in the second quarter. The decrease of 110 basis points was primarily due to unfavorable price/cost of 160 basis points and higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points. • In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.

Test & Measurement and Electronics Organic Operating Income Growth

22.4%

Operating income | | $ | | 193 | | | | $ | | 157 | | | | | | 24.0 | | % | | | 22.4 | | % | | 0.6 | | % | | (0.2) | | % | | | 1.2 | | % | | 24.0 | | % Operating margin % | | 25.2 | | % | | | 22.8 | | % | | | | | 240 bps | | | 250 bps | | (20) bps | | — | | | | 10 bps | | 240 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | | Total Operating revenue | | $ | | 1,484 | | | | $ | | 1,338 | | | | | | 10.9 | | % | | | 7.4 | | % | | 1.5 | | % | | — | | % | | 2.0 | | % | | | 10.9 | | % Operating income | | $ | | 357 | | | | $ | | 296 | | | | | | 21.0 | | % | | | 18.3 | | % | | (0.3) | | % | | 1.0 | | % | | 2.0 | | % | | | 21.0 | | % Operating margin % | | 24.1 | | % | | | 22.1 | | % | | | | | 200 bps | | | 220 bps | | (40) bps | | 20 bps | | — | | | | 200 bps • Op erating revenue grew in the second quarter and year-to-date periods due to higher organic and acquisition revenues, and the favorable effect of foreign currency translation. • On October 1, 2025, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $120 million, net of cash acquired. Refer to Note 2. Acquisitions in Item 1. Financial Statements for further information regarding this acquisition. • Organic revenue increased 10.0% in the second quarter and 7.4% in the year-to-date period primarily due to higher demand in the semiconductor and electronics end markets. ◦ Organic revenue for the test and measurement businesses increased 4.2% in the second quarter and 2.9% in the year-to-date period primarily driven by higher demand in the semiconductor end market, primarily in North America and Asia Pacific, and growth in Instron, partially offset by a decline in the MTS Test & Simulation business. ◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe. • Operating margin was 25.2% in the second quarter. The increase of 240 basis points was primarily due to positive operating leverage of 250 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 20 basis points from an acquisition. • In the year-to-date period, operating margin of 24.1% increased 200 basis points primarily due to positive operating leverage of 200 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 40 basis points from an acquisition.

Test & Measurement and Electronics Organic Revenue Growth

10.0%

Operating income | | $ | | 193 | | | | $ | | 157 | | | | | | 24.0 | | % | | | 22.4 | | % | | 0.6 | | % | | (0.2) | | % | | | 1.2 | | % | | 24.0 | | % Operating margin % | | 25.2 | | % | | | 22.8 | | % | | | | | 240 bps | | | 250 bps | | (20) bps | | — | | | | 10 bps | | 240 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | | Total Operating revenue | | $ | | 1,484 | | | | $ | | 1,338 | | | | | | 10.9 | | % | | | 7.4 | | % | | 1.5 | | % | | — | | % | | 2.0 | | % | | | 10.9 | | % Operating income | | $ | | 357 | | | | $ | | 296 | | | | | | 21.0 | | % | | | 18.3 | | % | | (0.3) | | % | | 1.0 | | % | | 2.0 | | % | | | 21.0 | | % Operating margin % | | 24.1 | | % | | | 22.1 | | % | | | | | 200 bps | | | 220 bps | | (40) bps | | 20 bps | | — | | | | 200 bps • Op erating revenue grew in the second quarter and year-to-date periods due to higher organic and acquisition revenues, and the favorable effect of foreign currency translation. • On October 1, 2025, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $120 million, net of cash acquired. Refer to Note 2. Acquisitions in Item 1. Financial Statements for further information regarding this acquisition. • Organic revenue increased 10.0% in the second quarter and 7.4% in the year-to-date period primarily due to higher demand in the semiconductor and electronics end markets. ◦ Organic revenue for the test and measurement businesses increased 4.2% in the second quarter and 2.9% in the year-to-date period primarily driven by higher demand in the semiconductor end market, primarily in North America and Asia Pacific, and growth in Instron, partially offset by a decline in the MTS Test & Simulation business. ◦ Electronics organic revenue grew 21.0% in the second quarter and increased 15.7% in the year-to-date period primarily due to higher demand in the semiconductor end market. The electronics assembly businesses grew 49.2% in the second quarter and increased 36.9% in the year-to-date period primarily due to higher demand across all major regions. The other electronics businesses, which include the contamination control, static control and pressure sensitive adhesives businesses, increased 11.3% in the second quarter and 8.3% in the year-to-date period primarily due to higher demand in North America and Asia Pacific, partially offset by a decline in Europe. • Operating margin was 25.2% in the second quarter. The increase of 240 basis points was primarily due to positive operating leverage of 250 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 20 basis points from an acquisition. • In the year-to-date period, operating margin of 24.1% increased 200 basis points primarily due to positive operating leverage of 200 basis points and benefits from the Company's enterprise initiatives, partially offset by higher employee-related expenses and the dilutive impact of 40 basis points from an acquisition.

Test Measurement Businesses Organic Revenue Growth

4.2%

◦ Organic revenue for the test and measurement businesses increased 4.2% in the second quarter and 2.9% in the year-to-date period primarily driven by higher demand in the semiconductor end market, primarily in North America and Asia Pacific, and growth in Instron, partially offset by a decline in the MTS Test & Simulation business.

Welding Consumables Organic Revenue Growth

6.0%

• Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%.

Welding Equipment Organic Revenue Growth

18.7%

• Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%.

Welding International Organic Revenue Growth

-6.4%

◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe.

Welding North America Organic Revenue Growth

18.5%

◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets.

Welding Organic Operating Income Growth

12.7%

Operating income | | $ | | 178 | | | | $ | | 159 | | | | | | 12.0 | | % | | | 12.7 | | % | | — | | % | | (1.1) | | % | | | 0.4 | | % | | 12.0 | | % Operating margin % | | 32.4 | | % | | | 33.1 | | % | | | | | (70) bps | | | (30) bps | | — | | | (30) bps | | | (10) bps | | (70) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,056 | | | | $ | | 951 | | | | | | 11.0 | | % | | | 10.0 | | % | | — | | % | | — | | % | | 1.0 | | % | | 11.0 | | % Operating income | | $ | | 341 | | | | $ | | 312 | | | | | | 9.2 | | % | | | 9.3 | | % | | — | | % | | (0.8) | | % | | 0.7 | | % | | 9.2 | | % Operating margin % | | 32.3 | | % | | | 32.8 | | % | | | | | (50) bps | | | (20) bps | | — | | | (20) bps | | (10) bps | | (50) bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%. ◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets. ◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe. • Operating margin was 32.4% in the second quarter. The decrease of 70 basis points was primarily due to higher employee-related expenses, unfavorable price/cost of 50 basis points and higher restructuring expenses of 30 basis points, partially offset by positive operating leverage of 220 basis points and benefits from the Company's enterprise initiatives. • In the year-to-date period, operating margin of 32.3% decreased 50 basis points primarily due to higher employee-related expenses, unfavorable price/cost of 20 basis points and higher restructuring expenses of 20 basis points, partially offset by positive operating leverage of 160 basis points and benefits from the Company's enterprise initiatives.

Welding Organic Revenue Growth

13.9%

Operating income | | $ | | 178 | | | | $ | | 159 | | | | | | 12.0 | | % | | | 12.7 | | % | | — | | % | | (1.1) | | % | | | 0.4 | | % | | 12.0 | | % Operating margin % | | 32.4 | | % | | | 33.1 | | % | | | | | (70) bps | | | (30) bps | | — | | | (30) bps | | | (10) bps | | (70) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,056 | | | | $ | | 951 | | | | | | 11.0 | | % | | | 10.0 | | % | | — | | % | | — | | % | | 1.0 | | % | | 11.0 | | % Operating income | | $ | | 341 | | | | $ | | 312 | | | | | | 9.2 | | % | | | 9.3 | | % | | — | | % | | (0.8) | | % | | 0.7 | | % | | 9.2 | | % Operating margin % | | 32.3 | | % | | | 32.8 | | % | | | | | (50) bps | | | (20) bps | | — | | | (20) bps | | (10) bps | | (50) bps • Operating revenue grew in the second quarter and year-to-date periods due to higher organic revenue and the favorable effect of foreign currency translation. • Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%. ◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets. ◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe. • Operating margin was 32.4% in the second quarter. The decrease of 70 basis points was primarily due to higher employee-related expenses, unfavorable price/cost of 50 basis points and higher restructuring expenses of 30 basis points, partially offset by positive operating leverage of 220 basis points and benefits from the Company's enterprise initiatives. • In the year-to-date period, operating margin of 32.3% decreased 50 basis points primarily due to higher employee-related expenses, unfavorable price/cost of 20 basis points and higher restructuring expenses of 20 basis points, partially offset by positive operating leverage of 160 basis points and benefits from the Company's enterprise initiatives.

Automotive OEM PLS Organic Revenue Impact

-80

• Organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period compared to worldwide auto builds which were flat in the second quarter and decreased 1% in the year-to-date period. Product line simplification activities reduced organic revenue by 80 basis points in the second quarter and 90 basis points in the year-to-date period.

Construction Products PLS Organic Revenue Impact

-10

• Organic revenue increased 2.0% in the second quarter primarily due to higher demand across all major regions. In the year-to-date period, organic revenue grew 0.4% primarily due to higher demand in North America and Asia Pacific, partially offset by lower demand in Europe. Product line simplification activities reduced organic revenue by 10 basis points in the second quarter and 20 basis points in the year-to-date period.

Polymers & Fluids PLS Organic Revenue Impact

-30

• Organic revenue increased 7.3% in the second quarter and 4.6% in the year-to-date period due to higher demand across all major regions. Product line simplification activities reduced organic revenue by 30 basis points and 50 basis points in the second quarter and year-to-date periods, respectively.

Product Line Simplification Impact on Organic Revenue

-60

• Operating revenue grew in the second quarter and year-to-date periods due to higher organic and acquisition revenues and the favorable effect of foreign currency translation. • Organic revenue increased 4.5% in the second quarter and 2.5% in the year-to-date period primarily driven by growth in the Test & Measurement and Electronics, Welding and Polymers & Fluids segments. Product line simplification activities reduced organic revenue by 60 basis points in both the second quarter and year-to-date periods.

Specialty Products PLS Organic Revenue Impact

-140

• Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively.

Automotive OEM Price/Cost Margin Contribution

-90

• Organic revenue decreased 0.4% in the second quarter and 0.6% in the year-to-date period compared to worldwide auto builds which were flat in the second quarter and decreased 1% in the year-to-date period. Product line simplification activities reduced organic revenue by 80 basis points in the second quarter and 90 basis points in the year-to-date period. ◦ North American organic revenue grew 1.3% and decreased 1.8% in the second quarter and year-to-date periods, respectively, compared to North American auto builds which were flat in the second quarter and declined 1% in the year-to-date period, primarily due to product line simplification activities and customer mix. ◦ European organic revenue decreased 5.3% in the second quarter and 2.7% in the year-to-date period compared to European auto builds which declined 1% in the second quarter and were flat in the year-to-date period, primarily due to customer mix and product line simplification activities. ◦ Asia Pacific organic revenue grew 3.1% and 2.9% in the second quarter and year-to-date periods, respectively, primarily due to market growth and penetration gains in India. Organic revenue in China increased 0.5% and declined 1.2% in the second quarter and year-to-date periods, respectively, compared to China auto builds which declined 3% in the second quarter and 5% in the year-to-date period. Auto builds of foreign automotive manufacturers in China decreased 31% in the second quarter and 23% in the year-to-date period. The business outperformed the market primarily due to customer mix including growth in the electric vehicle end market. • Operating margin was 21.6% in the second quarter. The increase of 30 basis points was primarily due to benefits from the Company's enterprise initiatives, partially offset by unfavorable price/cost of 90 basis points, higher employee-related expenses and continued investment in the business. • In the year-to-date period, operating margin of 21.3% increased 100 basis points primarily due to benefits from the Company's enterprise initiatives and lower restructuring expenses of 40 basis points, partially offset by higher employee-related expenses, continued investment in the business and unfavorable price/cost of 50 basis points.

Food Equipment Price/Cost Margin Contribution

10

• Organic revenue was flat in the second quarter as equipment organic revenue declined 2.4% and service organic revenue increased 5.0%. In the year-to-date period, organic revenue declined 1.3% as equipment organic revenue decreased 4.1% and service organic revenue grew 4.1%. ◦ North American organic revenue decreased 3.5% in the second quarter and 4.1% in the year-to-date period. Equipment organic revenue declined 8.2% and 9.1% in the second quarter and year-to-date periods, respectively, primarily due to lower demand in the institutional end market and independent and quick service restaurants within the noninstitutional end market. Service organic revenue increased 4.9% in the second quarter and 4.5% in the year-to-date period. ◦ International organic revenue grew 5.7% and 3.1% in the second quarter and year-to-date periods, respectively. Equipment organic revenue increased 6.2% in the second quarter and 3.0% in the year-to-date period primarily due to higher demand in the European warewash end market and higher demand in Asia, partially offset by lower demand in the European cooking and refrigeration end markets. Service organic revenue grew 5.3% in the second quarter and 3.4% in the year-to-date period. • Operating margin was 27.1% in the second quarter. The decrease of 60 basis points was primarily due to higher employee-related expenses and product mix, partially offset by benefits from the Company's enterprise initiatives and favorable price/cost of 10 basis points. • In the year-to-date period, operating margin of 26.0% decreased 110 basis points primarily due to higher employee-related expenses, product mix and unfavorable operating leverage of 20 basis points, partially offset by benefits from the Company's enterprise initiatives.

Price/Cost Contribution to Operating Margin

-40

• Operating margin was 26.7% in the second quarter. The increase of 40 basis points was primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 90 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 40 basis points. • In the year-to-date period, operating margin of 26.1% increased 50 basis points primarily due to benefits from the Company's enterprise initiatives of 120 basis points and positive operating leverage of 50 basis points, partially offset by higher employee-related expenses and unfavorable price/cost of 20 basis points.

Specialty Products Price/Cost Margin Contribution

-160

• Organic revenue increased 1.6% in the second quarter as consumables increased 4.1%, partially offset by a decline in equipment sales of 6.3%. In the year-to-date period, organic revenue declined 1.5% as equipment sales and consumables declined 4.7% and 0.5%, respectively. Product line simplification activities reduced organic revenue by 140 basis points and 170 basis points in the second quarter and year-to-date periods, respectively. ◦ North American organic revenue increased 1.8% in the second quarter primarily driven by growth in the filter medical, specialty films and consumer packaging businesses, partially offset by a decline in the appliance and marking coding businesses. In the year-to-date period, organic revenue declined 2.0% primarily driven by a decline in the appliance, ground support equipment, marking coding and graphics businesses, partially offset by growth in the filter medical and specialty films businesses. ◦ International organic revenue grew 1.3% in the second quarter primarily due to growth in the European ground support equipment, specialty films and filter medical businesses and higher demand in Asia Pacific, partially offset by lower demand in the European consumer equipment packaging and appliance businesses. In the year-to-date period, organic revenue decreased 0.4% primarily due to lower demand in the European consumer equipment packaging and the appliance businesses in Europe and Asia, partially offset by growth in the European ground support equipment, specialty films and filter medical businesses. • Operating margin was 31.5% in the second quarter. The decrease of 110 basis points was primarily due to unfavorable price/cost of 160 basis points and higher employee-related expenses, partially offset by benefits from the Company's enterprise initiatives and positive operating leverage of 20 basis points. • In the year-to-date period, operating margin of 31.4% decreased 40 basis points primarily due to unfavorable price/cost of 90 basis points, higher employee-related expenses and unfavorable operating leverage of 30 basis points, partially offset by benefits from the Company's enterprise initiatives and lower restructuring expenses of 30 basis points.

Welding Price/Cost Margin Contribution

-50

• Organic revenue increased 13.9% in the second quarter as equipment and consumables grew 18.7% and 6.0%, respectively. In the year-to-date period, organic revenue grew 10.0% as equipment increased 13.4% and consumables grew 4.1%. ◦ North American organic revenue increased 18.5% and 13.5% in the second quarter and year-to-date periods, respectively, primarily due to growth in the industrial end market of 16.7% and 11.9%, respectively, and in the commercial end market of 14.2% and 9.9%, respectively. The growth in both periods was primarily due to higher demand in the infrastructure, energy, aerospace and defense end markets. ◦ International organic revenue declined 6.4% in the second quarter and 6.3% in the year-to-date period primarily due to lower demand in Asia Pacific and Europe. • Operating margin was 32.4% in the second quarter. The decrease of 70 basis points was primarily due to higher employee-related expenses, unfavorable price/cost of 50 basis points and higher restructuring expenses of 30 basis points, partially offset by positive operating leverage of 220 basis points and benefits from the Company's enterprise initiatives. • In the year-to-date period, operating margin of 32.3% decreased 50 basis points primarily due to higher employee-related expenses, unfavorable price/cost of 20 basis points and higher restructuring expenses of 20 basis points, partially offset by positive operating leverage of 160 basis points and benefits from the Company's enterprise initiatives.

Automotive OEM Restructuring Contribution to Operating Income Growth

0.8

Operating income | | $ | | 185 | | | | $ | | 180 | | | | | | 2.7 | | % | | | 0.2 | | % | | — | | % | | 0.8 | | % | | 1.7 | | % | | 2.7 | | % Operating margin % | | 21.6 | | % | | | 21.3 | | % | | | | | 30 bps | | | 10 bps | | — | | | 20 bps | | — | | | 30 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,677 | | | | $ | | 1,631 | | | | | | 2.8 | | % | | | (0.6) | | % | | — | | % | | — | | % | | 3.4 | | % | | 2.8 | | % Operating income | | $ | | 358 | | | | $ | | 331 | | | | | | 7.9 | | % | | | 2.1 | | % | | — | | % | | 2.1 | | % | | 3.7 | | % | | 7.9 | | % Operating margin % | | 21.3 | | % | | | 20.3 | | % | | | | | 100 bps | | | 60 bps | | — | | | 40 bps | | — | | | 100 bps

Automotive OEM Restructuring Margin Contribution

20

Operating income | | $ | | 185 | | | | $ | | 180 | | | | | | 2.7 | | % | | | 0.2 | | % | | — | | % | | 0.8 | | % | | 1.7 | | % | | 2.7 | | % Operating margin % | | 21.6 | | % | | | 21.3 | | % | | | | | 30 bps | | | 10 bps | | — | | | 20 bps | | — | | | 30 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,677 | | | | $ | | 1,631 | | | | | | 2.8 | | % | | | (0.6) | | % | | — | | % | | — | | % | | 3.4 | | % | | 2.8 | | % Operating income | | $ | | 358 | | | | $ | | 331 | | | | | | 7.9 | | % | | | 2.1 | | % | | — | | % | | 2.1 | | % | | 3.7 | | % | | 7.9 | | % Operating margin % | | 21.3 | | % | | | 20.3 | | % | | | | | 100 bps | | | 60 bps | | — | | | 40 bps | | — | | | 100 bps

Construction Products Restructuring Contribution to Operating Income Growth

-0.2

Operating income | | $ | | 151 | | | | $ | | 145 | | | | | | 3.4 | | % | | | 1.9 | | % | | — | | % | | (0.2) | | % | | 1.7 | | % | | 3.4 | | % Operating margin % | | 30.6 | | % | | | 30.8 | | % | | | | | (20) bps | | | — | | | — | | | (10) bps | | (10) bps | | (20) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 952 | | | | $ | | 916 | | | | | | 3.9 | | % | | | 0.4 | | % | | — | | % | | — | | % | | | 3.5 | | % | | 3.9 | | % Operating income | | $ | | 286 | | | | $ | | 275 | | | | | | 3.8 | | % | | | 0.6 | | % | | — | | % | | 0.5 | | % | | | 2.7 | | % | | 3.8 | | % Operating margin % | | 30.0 | | % | | | 30.0 | | % | | | | | — | | | | 10 bps | | — | | | 10 bps | | | (20) bps | | —

Construction Products Restructuring Margin Contribution

-10

Operating income | | $ | | 151 | | | | $ | | 145 | | | | | | 3.4 | | % | | | 1.9 | | % | | — | | % | | (0.2) | | % | | 1.7 | | % | | 3.4 | | % Operating margin % | | 30.6 | | % | | | 30.8 | | % | | | | | (20) bps | | | — | | | — | | | (10) bps | | (10) bps | | (20) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 952 | | | | $ | | 916 | | | | | | 3.9 | | % | | | 0.4 | | % | | — | | % | | — | | % | | | 3.5 | | % | | 3.9 | | % Operating income | | $ | | 286 | | | | $ | | 275 | | | | | | 3.8 | | % | | | 0.6 | | % | | — | | % | | 0.5 | | % | | | 2.7 | | % | | 3.8 | | % Operating margin % | | 30.0 | | % | | | 30.0 | | % | | | | | — | | | | 10 bps | | — | | | 10 bps | | | (20) bps | | —

Food Equipment Restructuring Contribution to Operating Income Growth

0

Operating income | | $ | | 188 | | | | $ | | 189 | | | | | | (0.6) | | % | | | (2.2) | | % | | — | | % | | — | | % | | 1.6 | | % | | (0.6) | | % Operating margin % | | 27.1 | | % | | | 27.7 | | % | | | | | (60) bps | | | (60) bps | | — | | | — | | | — | | | (60) bps 23 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,329 | | | | $ | | 1,307 | | | | | | 1.6 | | % | | | (1.3) | | % | | — | | % | | — | | % | | 2.9 | | % | | 1.6 | | % Operating income | | $ | | 345 | | | | $ | | 355 | | | | | | (2.8) | | % | | | (5.7) | | % | | — | | % | | 0.3 | | % | | 2.6 | | % | | (2.8) | | % Operating margin % | | 26.0 | | % | | | 27.1 | | % | | | | | (110) bps | | | (120) bps | | — | | | 10 bps | | — | | | (110) bps

Food Equipment Restructuring Margin Contribution

0

Operating income | | $ | | 188 | | | | $ | | 189 | | | | | | (0.6) | | % | | | (2.2) | | % | | — | | % | | — | | % | | 1.6 | | % | | (0.6) | | % Operating margin % | | 27.1 | | % | | | 27.7 | | % | | | | | (60) bps | | | (60) bps | | — | | | — | | | — | | | (60) bps 23 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,329 | | | | $ | | 1,307 | | | | | | 1.6 | | % | | | (1.3) | | % | | — | | % | | — | | % | | 2.9 | | % | | 1.6 | | % Operating income | | $ | | 345 | | | | $ | | 355 | | | | | | (2.8) | | % | | | (5.7) | | % | | — | | % | | 0.3 | | % | | 2.6 | | % | | (2.8) | | % Operating margin % | | 26.0 | | % | | | 27.1 | | % | | | | | (110) bps | | | (120) bps | | — | | | 10 bps | | — | | | (110) bps

Polymers & Fluids Restructuring Contribution to Operating Income Growth

-0.4

Operating income | | $ | | 140 | | | | $ | | 121 | | | | | | 15.1 | | % | | | 14.2 | | % | | — | | % | | (0.4) | | % | | | 1.3 | | % | | 15.1 | | % Operating margin % | | 29.3 | | % | | | 27.7 | | % | | | | | 160 bps | | | 180 bps | | — | | | (10) bps | | | (10) bps | | 160 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 928 | | | | $ | | 867 | | | | | | 7.1 | | % | | | 4.6 | | % | | — | | % | | — | | % | | | 2.5 | | % | | 7.1 | | % Operating income | | $ | | 266 | | | | $ | | 235 | | | | | | 13.2 | | % | | | 10.9 | | % | | — | | % | | (0.1) | | % | | | 2.4 | | % | | 13.2 | | % Operating margin % | | 28.7 | | % | | | 27.1 | | % | | | | | 160 bps | | | 170 bps | | — | | | — | | | | (10) bps | | 160 bps

Polymers & Fluids Restructuring Margin Contribution

-10

Operating income | | $ | | 140 | | | | $ | | 121 | | | | | | 15.1 | | % | | | 14.2 | | % | | — | | % | | (0.4) | | % | | | 1.3 | | % | | 15.1 | | % Operating margin % | | 29.3 | | % | | | 27.7 | | % | | | | | 160 bps | | | 180 bps | | — | | | (10) bps | | | (10) bps | | 160 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 928 | | | | $ | | 867 | | | | | | 7.1 | | % | | | 4.6 | | % | | — | | % | | — | | % | | | 2.5 | | % | | 7.1 | | % Operating income | | $ | | 266 | | | | $ | | 235 | | | | | | 13.2 | | % | | | 10.9 | | % | | — | | % | | (0.1) | | % | | | 2.4 | | % | | 13.2 | | % Operating margin % | | 28.7 | | % | | | 27.1 | | % | | | | | 160 bps | | | 170 bps | | — | | | — | | | | (10) bps | | 160 bps

Restructuring Contribution to Operating Income Growth

-0.1

Three Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 4,301 | | | | $ | | 4,053 | | | | | | 6.1 | | % | | | 4.5 | | % | | 0.2 | | % | | — | | % | | | 1.4 | | % | | 6.1 | | % Operating income | | $ | | 1,147 | | | | $ | | 1,068 | | | | | | 7.4 | | % | | | 5.9 | | % | | 0.1 | | % | | (0.1) | | % | | | 1.5 | | % | | 7.4 | | % Operating margin % | | 26.7 | | % | | | 26.3 | | % | | | | | 40 bps | | | 40 bps | | — | | | — | | | | — | | | 40 bps 20 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 8,317 | | | | $ | | 7,892 | | | | | | 5.4 | | % | | | 2.5 | | % | | 0.3 | | % | | — | | % | | | 2.6 | | % | | 5.4 | | % Operating income | | $ | | 2,167 | | | | $ | | 2,019 | | | | | | 7.3 | | % | | | 4.1 | | % | | — | | % | | 0.6 | | % | | | 2.6 | | % | | 7.3 | | % Operating margin % | | 26.1 | | % | | | 25.6 | | % | | | | | 50 bps | | | 40 bps | | — | | | 10 bps | | | — | | | 50 bps

Restructuring Contribution to Operating Margin

0

Three Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 4,301 | | | | $ | | 4,053 | | | | | | 6.1 | | % | | | 4.5 | | % | | 0.2 | | % | | — | | % | | | 1.4 | | % | | 6.1 | | % Operating income | | $ | | 1,147 | | | | $ | | 1,068 | | | | | | 7.4 | | % | | | 5.9 | | % | | 0.1 | | % | | (0.1) | | % | | | 1.5 | | % | | 7.4 | | % Operating margin % | | 26.7 | | % | | | 26.3 | | % | | | | | 40 bps | | | 40 bps | | — | | | — | | | | — | | | 40 bps 20 Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | | Foreign Currency | | Total Operating revenue | | $ | | 8,317 | | | | $ | | 7,892 | | | | | | 5.4 | | % | | | 2.5 | | % | | 0.3 | | % | | — | | % | | | 2.6 | | % | | 5.4 | | % Operating income | | $ | | 2,167 | | | | $ | | 2,019 | | | | | | 7.3 | | % | | | 4.1 | | % | | — | | % | | 0.6 | | % | | | 2.6 | | % | | 7.3 | | % Operating margin % | | 26.1 | | % | | | 25.6 | | % | | | | | 50 bps | | | 40 bps | | — | | | 10 bps | | | — | | | 50 bps

Specialty Products Restructuring Contribution to Operating Income Growth

0.4

Operating income | | $ | | 148 | | | | $ | | 148 | | | | | | (0.3) | | % | | | (2.2) | | % | | — | | % | | 0.4 | | % | | 1.5 | | % | | (0.3) | | % Operating margin % | | 31.5 | | % | | | 32.6 | | % | | | | | (110) bps | | | (130) bps | | — | | | 20 bps | | — | | | (110) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 899 | | | | $ | | 890 | | | | | | 1.1 | | % | | | (1.5) | | % | | — | | % | | — | | % | | 2.6 | | % | | 1.1 | | % Operating income | | $ | | 283 | | | | $ | | 283 | | | | | | — | | % | | | (3.6) | | % | | — | | % | | 0.9 | | % | | 2.7 | | % | | — | | % Operating margin % | | 31.4 | | % | | | 31.8 | | % | | | | | (40) bps | | | (70) bps | | — | | | 30 bps | | — | | | (40) bps

Specialty Products Restructuring Margin Contribution

20

Operating income | | $ | | 148 | | | | $ | | 148 | | | | | | (0.3) | | % | | | (2.2) | | % | | — | | % | | 0.4 | | % | | 1.5 | | % | | (0.3) | | % Operating margin % | | 31.5 | | % | | | 32.6 | | % | | | | | (110) bps | | | (130) bps | | — | | | 20 bps | | — | | | (110) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 899 | | | | $ | | 890 | | | | | | 1.1 | | % | | | (1.5) | | % | | — | | % | | — | | % | | 2.6 | | % | | 1.1 | | % Operating income | | $ | | 283 | | | | $ | | 283 | | | | | | — | | % | | | (3.6) | | % | | — | | % | | 0.9 | | % | | 2.7 | | % | | — | | % Operating margin % | | 31.4 | | % | | | 31.8 | | % | | | | | (40) bps | | | (70) bps | | — | | | 30 bps | | — | | | (40) bps

Test & Measurement and Electronics Restructuring Contribution to Operating Income Growth

-0.2

Operating income | | $ | | 193 | | | | $ | | 157 | | | | | | 24.0 | | % | | | 22.4 | | % | | 0.6 | | % | | (0.2) | | % | | | 1.2 | | % | | 24.0 | | % Operating margin % | | 25.2 | | % | | | 22.8 | | % | | | | | 240 bps | | | 250 bps | | (20) bps | | — | | | | 10 bps | | 240 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | | Total Operating revenue | | $ | | 1,484 | | | | $ | | 1,338 | | | | | | 10.9 | | % | | | 7.4 | | % | | 1.5 | | % | | — | | % | | 2.0 | | % | | | 10.9 | | % Operating income | | $ | | 357 | | | | $ | | 296 | | | | | | 21.0 | | % | | | 18.3 | | % | | (0.3) | | % | | 1.0 | | % | | 2.0 | | % | | | 21.0 | | % Operating margin % | | 24.1 | | % | | | 22.1 | | % | | | | | 200 bps | | | 220 bps | | (40) bps | | 20 bps | | — | | | | 200 bps

Test & Measurement and Electronics Restructuring Margin Contribution

0

Operating income | | $ | | 193 | | | | $ | | 157 | | | | | | 24.0 | | % | | | 22.4 | | % | | 0.6 | | % | | (0.2) | | % | | | 1.2 | | % | | 24.0 | | % Operating margin % | | 25.2 | | % | | | 22.8 | | % | | | | | 240 bps | | | 250 bps | | (20) bps | | — | | | | 10 bps | | 240 bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | | Total Operating revenue | | $ | | 1,484 | | | | $ | | 1,338 | | | | | | 10.9 | | % | | | 7.4 | | % | | 1.5 | | % | | — | | % | | 2.0 | | % | | | 10.9 | | % Operating income | | $ | | 357 | | | | $ | | 296 | | | | | | 21.0 | | % | | | 18.3 | | % | | (0.3) | | % | | 1.0 | | % | | 2.0 | | % | | | 21.0 | | % Operating margin % | | 24.1 | | % | | | 22.1 | | % | | | | | 200 bps | | | 220 bps | | (40) bps | | 20 bps | | — | | | | 200 bps

Welding Restructuring Contribution to Operating Income Growth

-1.1

Operating income | | $ | | 178 | | | | $ | | 159 | | | | | | 12.0 | | % | | | 12.7 | | % | | — | | % | | (1.1) | | % | | | 0.4 | | % | | 12.0 | | % Operating margin % | | 32.4 | | % | | | 33.1 | | % | | | | | (70) bps | | | (30) bps | | — | | | (30) bps | | | (10) bps | | (70) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,056 | | | | $ | | 951 | | | | | | 11.0 | | % | | | 10.0 | | % | | — | | % | | — | | % | | 1.0 | | % | | 11.0 | | % Operating income | | $ | | 341 | | | | $ | | 312 | | | | | | 9.2 | | % | | | 9.3 | | % | | — | | % | | (0.8) | | % | | 0.7 | | % | | 9.2 | | % Operating margin % | | 32.3 | | % | | | 32.8 | | % | | | | | (50) bps | | | (20) bps | | — | | | (20) bps | | (10) bps | | (50) bps

Welding Restructuring Margin Contribution

-30

Operating income | | $ | | 178 | | | | $ | | 159 | | | | | | 12.0 | | % | | | 12.7 | | % | | — | | % | | (1.1) | | % | | | 0.4 | | % | | 12.0 | | % Operating margin % | | 32.4 | | % | | | 33.1 | | % | | | | | (70) bps | | | (30) bps | | — | | | (30) bps | | | (10) bps | | (70) bps Six Months Ended Dollars in millions | | June 30, | | | Components of Increase (Decrease) 2026 | | | 2025 | | | | | Inc (Dec) | | | Organic | | Acquisition/ Divestiture | | Restructuring | | Foreign Currency | | Total Operating revenue | | $ | | 1,056 | | | | $ | | 951 | | | | | | 11.0 | | % | | | 10.0 | | % | | — | | % | | — | | % | | 1.0 | | % | | 11.0 | | % Operating income | | $ | | 341 | | | | $ | | 312 | | | | | | 9.2 | | % | | | 9.3 | | % | | — | | % | | (0.8) | | % | | 0.7 | | % | | 9.2 | | % Operating margin % | | 32.3 | | % | | | 32.8 | | % | | | | | (50) bps | | | (20) bps | | — | | | (20) bps | | (10) bps | | (50) bps