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1 Shown: The production area at Svanehøj headquarters in Svenstrup, Denmark October 29, 2025 Q3 2025 Earnings
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2 Safe Harbor and Non-GAAP Disclosures Safe Harbor This presentation contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that constitute “forward-looking statements”. These forward-looking statements are not historical facts, but rather represent a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results, the industry in which we operate, and other legal, regulatory and economic developments. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company’s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance. We use words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “guidance,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will,” “would,” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain, and, by their nature, many are inherently unpredictable and outside of ITT’s control, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements. Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, we cannot provide any assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished. More information on factors that could cause actual results or events to differ materially from those anticipated is included in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in subsequent Quarterly Reports on Form 10-Q and other documents filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this presentation speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral, as a result of new information, future events or otherwise. Non-GAAP Disclosures This presentation and the discussion on the accompanying conference call contain certain financial measures that are not prepared under U.S. generally accepted accounting principles (GAAP). These non-GAAP financial measures supplement our GAAP disclosures and are not meant to be considered in isolation or as a substitute for the most directly comparable measures that are prepared in accordance with GAAP. These measures may not be comparable to similarly titled measures disclosed by other companies. For a reconciliation of these non-GAAP financial measures to the most directly comparable measures disclosed under GAAP, refer to the supplemental data to this presentation or investors.itt.com.
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3 Q3 | The Next Chapter Continues +6% organic growth to $999M of revenue • +11% IP organic growth driven by pump projects (>50%), including Svanehøj • +6% CCT organic growth powered by defense and aerospace; +25% total incl. kSARIA • 360 bps Friction OE outperformance; KONI +12% growth Operating income growth ~2x organic revenue growth • 21.8% IP, +70 bps led by operating leverage and pricing • 20.2% MT, +210 bps driven by productivity • 18.3% CCT, +270 bps vs. PY excl. M&A impact; +40 bps sequentially Strong cash generation • 15.4% free cash flow margin in Q3; YTD FCF margin +350 bps vs. PY • Driving to $0.5 billion full year free cash flow • Continue to fund future growth with investments in VIDAR and Geo-Pad Raising FY adjusted EPS range to $6.62 - $6.68 • Expect 16% adjusted EPS growth at midpoint excl. Wolverine divestiture • ~$2B growing backlog to fuel continued outperformance in 2026 Q3’25 Total revenue growth Organic growth +13% +6% Adjusted operating margin Operating income growth 18.5% +14% Adjusted EPS growth +21% Free Cash Flow Free Cash Flow Margin +77% 15.4% All results unaudited. Comparisons to Q3 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix.
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4 Growth | Differentiation Drives Share Gains All results unaudited. All periods are Q3 YTD. For non-GAAP reconciliations, refer to appendix. 2023 2024 2025 +10% vs. PY +8% vs. PY YTD Orders $2.9B $3.1B $2.6B +9% vs. PY • Outperformance in growing end markets – defense and aero, rail, energy transition • Friction and KONI execution and innovation driving award wins • Acquisitions performing ahead of expectations - Svanehøj: +59% YTD orders, 1.6x book-to-bill - kSARIA: +58% YTD orders, 1.2x book-to-bill • Flawless execution drives pump projects growth • Differentiation in Friction and KONI fuels outperformance • M&A: Svanehøj project execution, kSARIA best-in-class quality drives growth YTD Revenue +19% total orders growth 2023 2024 2025 +10% vs. PY +7% vs. PY $2.7B $2.9B $2.5B +11% vs. PY +18% total revenue growth
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5 Q3 Summary Results $885M $999M 2024 2025 $162M $185M 2024 2025 $1.47 $1.78 Q3 2024 Q3 2025 $252M $368M 2024 2025 +13% total Revenue1 Adjusted Operating Income and Margin Adjusted EPS Free Cash Flow (YTD) +21%18.5%18.3% Q3 2024 2025 2021 2024 2021 2024 2021 2024Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 + IP legacy pump projects (+55%); Svanehøj (+34%) + CCT aerospace & defense (+10%) + Friction OE outperformance (+360 bps) + 6% organic growth; acquisitions (+490 bps) • 110 bps margin expansion excl. M&A + Strong volume and pricing actions + Productivity and sourcing savings + Contribution from M&A + Operational performance + Lower share count + Lower effective tax rate - Higher interest expense - FX transaction headwind + 15.4% Q3 free cash flow margin + Favorable working capital from receivables • Funding CapEx investments in innovation and productivity +46% 1. All growth percentages organic unless otherwise noted. All results unaudited. Comparisons to Q3 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix.
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6 Growth | Q3 Adjusted EPS Bridge $1.78 $1.47 Q3 2024 Operational Performance Svanehøj, kSARIA Contributions Share Count, net of interest FX, Tax rate, Other Q3 2025 $0.10 $0.06 $0.07 +21% + Growth and volume leverage + Productivity: manufacturing, cost structure, sourcing + Svanehøj and kSARIA acquisitions accretion + 11% YTD adjusted EPS growth; +15% excl. Wolverine divestiture All results unaudited. Comparisons to Q3 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. $0.08
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7 • Total revenue growth towards the high end of previous range - Converting large project backlog at IP - Strong price realization in CCT - Friction OE and KONI rail outperformance continue • Expect 13% FY EPS growth at midpoint - 20c raise of EPS guidance at midpoint - +16% FY EPS excluding Wolverine divestiture • Free cash flow and free cash flow margin guidance at high end of previous range • Compounding growth with acquisition contribution Commentary Raising 2025 EPS Guidance 1. Reflects previously reported change in accounting method for determining the cost for certain inventories from last-in, first-out (LIFO) to first-in, first-out (FIFO), effective Jan. 1, 2025. 2. Expect FY effective tax rate of 21.5%. Comparisons to 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. Prior Updated Free cash flow $450M to $500M 12% to 13% margin ~$500M ~13% margin Adjusted EPS2 $6.35 to $6.55 +8% to +11% growth $6.62 to $6.68 +13% to +14% growth Adjusted operating margin1 18.1% to 18.7% +30 bps to +90 bps 18.2% to 18.5% +40 bps to +70 bps Revenue growth +5% to +7% +3% to +5% organic +6% to +7% +3% to +5% organic
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88 Q3 | Key Takeaways Organic value creation continues… Raising full year outlook driven by outperformance Strong cash generation …with contributions from accretive acquisitions ramping
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9 Speaker Topic Supplemental Data
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10 • Organic orders (-10%) driven by large PY project awards despite +5% short-cycle • Organic revenue growth driven by pump projects (>50%), converting large backlog • Svanehøj +34% organic revenue • +70 bps margin expansion • Organic order growth (+6%) driven by aerospace and defense (+8%) • +27% total orders growth • Organic revenue growth driven by aerospace (+18%) and defense (+4%) • kSARIA +8% revenue • Excluding kSARIA, margin +270 bps in Q3 Q3 | Segment Summary Results All results unaudited. Comparisons to Q3 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. Industrial Process Connect & Control Technologies Organic Revenue Growth Adjusted Segment Operating Income Adjusted Segment Operating Margin +11% $84M 21.8% +6% $47M 18.3% • +360 bps Friction OE outperformance • +210 bps margin expansion • Wolverine divestiture impact • Favorable FX transaction impact Motion Technologies +1% $72M 20.2%
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11 Adjusted Operating Margin Detail Reflects previously reported change in accounting method for determining the cost for certain inventories from last-in, first-out (LIFO) to first-in, first-out (FIFO), effective Jan. 1, 2025. All results unaudited. Comparisons to 2024 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. 2024 adjusted operating margin Operating leverage Productivity actions, net FX M&A, net 2025 adjusted operating margin Reconciliation to reported margin (special items) 2025 operating margin Q3 18.3% +10 bps +80 bps +20 bps (-90 bps) 18.5% (-50 bps) 18.0% +90 bps
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12 Key Performance Indicators & Non-GAAP Measures Management reviews a variety of key performance indicators including revenue, operating income and margin, earnings per share, order growth, and backlog. In addition, we consider certain measures to be useful to management and investors when evaluating our operating performance for the periods presented. These measures provide a tool for evaluating our ongoing operations and management of assets from period to period. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives, including, but not limited to, acquisitions, dividends, and share repurchases. Some of these metrics, however, are not measures of financial performance under accounting principles generally accepted in the United States of America (GAAP) and should not be considered a substitute for measures determined in accordance with GAAP. We consider the following non-GAAP measures, which may not be comparable to similarly titled measures reported by other companies, to be key performance indicators for purposes of our reconciliation tables. Organic Revenue and Organic Orders are defined, respectively, as revenue and orders, excluding the impacts of foreign currency fluctuations, acquisitions, and divestitures that may or may not qualify as discontinued operations. Current year activity from acquisitions is excluded for twelve months following the closing date of acquisition. The period-over-period change resulting from foreign currency fluctuations is estimated using a fixed exchange rate for both the current and prior periods. Prior year revenue and orders are adjusted to exclude activity during the comparable period for twelve months post-closing date for divestitures that do not qualify as discontinued operations. We believe that reporting organic revenue and organic orders provide useful information to investors by helping identify underlying trends in our business and facilitating comparisons of our revenue performance with prior and future periods and to our peers. Adjusted Operating Income is defined as operating income adjusted to exclude special items that include, but are not limited to, restructuring, certain asset impairment charges, certain acquisition- and divestiture-related impacts, and unusual or infrequent operating items. Special items represent charges or credits that impact current results, which management views as unrelated to the Company's ongoing operations and performance. Adjusted Operating Margin is defined as adjusted operating income divided by revenue. We believe these financial measures are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors. Adjusted Income from Continuing Operations is defined as income from continuing operations attributable to ITT Inc. adjusted to exclude special items that include, but are not limited to, restructuring, certain asset impairment charges, certain acquisition- and divestiture-related impacts, income tax settlements or adjustments, and unusual or infrequent items. Special items represent charges or credits, on an after-tax basis, that impact current results, which management views as unrelated to the Company’s ongoing operations and performance. The after-tax basis of each special item is determined using the jurisdictional tax rate of where the expense or benefit occurred and the tax deductibility under local tax rules. Adjusted Income from Continuing Operations per Diluted Share (Adjusted EPS) is defined as adjusted income from continuing operations divided by diluted weighted average common shares outstanding. We believe that adjusted income from continuing operations and adjusted EPS are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors. Free Cash Flow is defined as net cash provided by operating activities less capital expenditures net of capital-related government incentives. Free Cash Flow Margin is defined as free cash flow divided by revenue. We believe that free cash flow and free cash flow margin provide useful information to investors as it provides insight into a primary cash flow metric used by management to monitor and evaluate cash flows generated by our operations.
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13 Reconciliation of Revenue to Organic Revenue Reconciliation of Orders to Organic Orders MT IP CCT Elim Total 2025 Revenue 355.6$ 383.9$ 259.2$ 0.4$ 999.1$ Less: Acquisitions - 5.6 37.6 - 43.2 Less: Foreign currency translation 15.8 6.7 1.8 - 24.3 2025 Organic revenue 339.8$ 371.6$ 219.8$ 0.4$ 931.6$ 2024 Revenue 344.9$ 333.8$ 207.2$ (0.7)$ 885.2$ Less: Divestitures 7.4 - - 0.1 7.5 2024 Organic revenue 337.5$ 333.8$ 207.2$ (0.8)$ 877.7$ Organic Revenue Growth - $ 2.3$ 37.8$ 12.6$ 53.9$ Organic Revenue Growth - % 0.7% 11.3% 6.1% 6.1% Reported Revenue Growth - $ 10.7$ 50.1$ 52.0$ 113.9$ Reported Revenue Growth - % 3.1% 15.0% 25.1% 12.9% MT IP CCT Elim Total 2025 Orders 353.7$ 375.3$ 260.8$ 1.2$ 991.0$ Less: Acquisitions - 2.6 41.9 (0.1) 44.4 Less: Foreign currency translation 15.3 5.4 2.1 0.2 23.0 2025 Organic orders 338.4 367.3$ 216.8 1.1 923.6 2024 Orders 353.3 407.8 205.5 (1.2) 965.4 Less: Divestitures 7.4 - - - 7.4 2024 Organic orders 345.9$ 407.8$ 205.5$ (1.2)$ 958.0$ Organic Orders Growth - $ (7.5)$ (40.5)$ 11.3$ (34.4)$ Organic Orders Growth - % (2.2%) (9.9%) 5.5% (3.6%) Reported Orders Growth - $ 0.4$ (32.5)$ 55.3$ 25.6$ Reported Orders Growth - % 0.1% (8.0%) 26.9% 2.7% Note: Immaterial differences due to rounding. ITT Inc. Non-GAAP Reconciliation Statements (In millions; all amounts unaudited) Third Quarter 2025 Third Quarter 2025 Reconciliation of Revenue to Organic Revenue Reconciliation of Orders to Organic Orders
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14 Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin ITT Inc. Non-GAAP Reconciliation Statements (In millions; all amounts unaudited) MT IP CCT Corporate ITT MT IP CCT Corporate ITT Reported Operating Income 69.8$ 82.1$ 46.2$ (18.3)$ 179.8$ 110.0$ 70.5$ 38.1$ (10.0)$ 208.6$ Gain on sale of business - - - - - (47.8) - - - (47.8) Restructuring costs 1.9 0.9 1.0 - 3.8 0.2 0.4 0.2 - 0.8 Acquisition-related costs - 0.3 0.3 - 0.6 - (0.4) 1.2 - 0.8 Other special items 0.2 0.4 - (0.1) 0.5 (0.1) - - - (0.1) Adjusted Operating Income 71.9$ 83.7$ 47.5$ (18.4)$ 184.7$ 62.3$ 70.5$ 39.5$ (10.0)$ 162.3$ Change in Operating Income (36.5%) 16.5% 21.3% 83.0% (13.8%) Change in Adjusted Operating Income 15.4% 18.7% 20.3% 84.0% 13.8% Reported Operating Margin 19.6% 21.4% 17.8% 18.0% 31.9% 21.1% 18.4% 23.6% Impact of special item adjustments 60 bps 40 bps 50 bps 50 bps -1380 bps 0 bps 70 bps -530 bps Adjusted Operating Margin 20.2% 21.8% 18.3% 18.5% 18.1% 21.1% 19.1% 18.3% Change in Operating Margin -1230 bps 30 bps -60 bps -560 bps Change in Adjusted Operating Margin 210 bps 70 bps -80 bps 20 bps [a] Note: Immaterial differences due to rounding. The third quarter 2024 includes a change in accounting principle adjustment increasing the previously reported and adjusted operating income for IP and ITT by $0.7 and adjusted operating margin for IP by 20 basis points. Refer to the ITT Quarterly Form 10-Q for additional information pertaining to the change in accounting principle. Reconciliations of Operating Income/Margin to Adjusted Operating Income/Margin Third Quarter 2025 Third Quarter 2024 [a]
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15 Reconciliation of Reported vs. Adjusted Income from Continuing Operations and Diluted EPS ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Reconciliation of Reported vs. Adjusted Income from Continuing Operating and Diluted EPS Q3 2025 Q3 2024 [a] % Change Q3 2025 Q3 2024 [a] % Change Reported 127.0$ 161.8$ (21.5%) 1.62$ 1.97$ (17.8%) Special Items Expense / (Income): Gain on sale of business - (47.8) - (0.58) Restructuring costs 3.8 0.8 0.05 0.01 Acquisition-related costs 0.6 0.8 0.01 0.01 Other pre-tax special items 0.5 (0.1) - - Net tax benefit of pre-tax special items (1.3) (0.7) (0.02) (0.01) Other tax-related special items [b][c] 9.1 5.6 0.12 0.07 Adjusted 139.7$ 120.4$ 16.0% 1.78$ 1.47$ 21.1% Note: Amounts may not calculate due to rounding. Per share amounts are based on diluted weighted average common shares outstanding. [a] [b] [c] Income from Continuing Operations Diluted Earnings per Share The third quarter 2024 includes a change in accounting principle adjustment increasing the previously reported and adjusted income from continuing operations by $0.5 and adjusted diluted EPS by $0.01. Refer to the ITT Quarterly Report on Form 10-Q for additional information pertaining to the change in accounting principle. The third quarter 2025 includes tax expense on distributions of non-U.S. income ($5.9), tax expense on return to accrual adjustment of ($3.5), and other tax benefit special items of ($0.3). The third quarter 2024 includes a tax benefit to record a net operating loss deferred tax asset related to a prior year acquisition ($2.0), tax expense on distributions of non-U.S. income ($5.6), and other tax-related special items ($2.0).
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16 Reconciliation of GAAP vs Adjusted EPS Guidance – Full Year 2025 Low High EPS from Continuing Operations - GAAP 6.16$ 6.22$ Estimated restructuring 0.23 0.23 Other special items 0.05 0.05 Net tax benefit on pre-tax special items (0.06) (0.06) Other tax-related special items 0.24 0.24 EPS from Continuing Operations - Adjusted 6.62$ 6.68$ ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) 2025 Full-Year Guidance Note: The Company has provided forward-looking non-GAAP financial measures for organic revenue growth and adjusted operating margin. It is not possible, without unreasonable efforts, to estimate the impacts of foreign currency fluctuations, acquisitions, divestitures and certain other special items that may occur in 2025 as these items are inherently uncertain and difficult to predict. As a result, the Company is unable to quantify certain amounts that would be included in a reconciliation of organic revenue growth and adjusted operating margin to the most directly comparable GAAP financial measures without unreasonable efforts and accordingly has not provided reconciliations for these forward looking non-GAAP financial measures. Reconciliation of GAAP vs Adjusted EPS Guidance - Full Year 2025
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17 Reconciliation of Cash from Operating Activities to Free Cash Flow 9/27/2025 9/28/2024 9/27/2025 9/28/2024 Guidance Net Cash - Operating Activities 173.9$ 123.9$ 441.0$ 339.4$ 617$ Capital expenditures 27.7 36.6 80.9 87.5 125 Proceeds from government incentives (7.9) - (7.9) - (8) Free Cash Flow 154.1$ 87.3$ 368.0$ 251.9$ 500$ Revenue 999.1$ 885.2$ 2,884.5$ 2,701.7$ 3,870$ [a] Operating Cash Flow Margin 17.4% 14.0% 15.3% 12.6% 16% Free Cash Flow Margin 15.4% 9.9% 12.8% 9.3% 13% [a] Revenue included in the full year 2025 free cash flow margin guidance represents the expected revenue growth mid-point. ITT Inc. Non-GAAP Reconciliation Statements (In millions, except earnings per share; all amounts unaudited) Reconciliation of Cash from Operating Activities to Free Cash Flow FY 2025Three Months Ended Nine Months Ended
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18 Impact of Inventory Accounting Method Change to Adjusted Operating Income/Margin for 2024 MT IP CCT Corp ITT MT IP CCT Corp ITT Adjusted operating income (as previously reported) 71.3$ 68.0$ 33.6$ (17.9)$ 155.0$ 72.4$ 68.1$ 36.1$ (13.4)$ 163.2$ Impact of inventory accounting method change - 0.7 - - 0.7 - 0.7 - - 0.7 Revised adjusted operating income 71.3$ 68.7$ 33.6$ (17.9)$ 155.7$ 72.4$ 68.8$ 36.1$ (13.4)$ 163.9$ Adjusted operating margin (as previously reported) 18.2% 20.4% 18.2% 17.0% 18.8% 20.6% 18.8% 18.0% Impact of inventory accounting method change 0 bps 20 bps 0 bps 10 bps 0 bps 20 bps 0 bps 10 bps Revised adjusted operating margin 18.2% 20.6% 18.2% 17.1% 18.8% 20.8% 18.8% 18.1% MT IP CCT Corp ITT MT IP CCT Corp ITT MT IP CCT Corp ITT Adjusted operating income (as previously reported) 62.3$ 69.8$ 39.5$ (10.0)$ 161.6$ 62.9$ 77.5$ 42.1$ (19.7)$ 162.8$ 268.9$ 283.5$ 151.3$ (61.0)$ 642.7$ Impact of inventory accounting method change - 0.7 - - 0.7 - - - (0.1) (0.1) - 2.0 - - 2.0 Revised adjusted operating income 62.3$ 70.5$ 39.5$ (10.0)$ 162.3$ 62.9$ 77.5$ 42.1$ (19.8)$ 162.7$ 268.9$ 285.5$ 151.3$ (61.0)$ 644.7$ Adjusted operating margin (as previously reported) 18.1% 20.9% 19.1% 18.3% 19.3% 21.4% 17.5% 17.5% 18.6% 20.8% 18.3% 17.7% Impact of inventory accounting method change 0 bps 20 bps 0 bps 0 bps 0 bps 0 bps 0 bps 0 bps 0 bps 20 bps 0 bps 10 bps Revised adjusted operating margin 18.1% 21.1% 19.1% 18.3% 19.3% 21.4% 17.5% 17.5% 18.6% 21.0% 18.3% 17.8% Note: Effective January 1, 2025, we changed our method of determining the cost for certain inventories from a last-in, first-out (LIFO) basis to a first-in, first-out (FIFO) basis for all inventories previously accounted for under LIFO. We retrospectively applied this change in accounting principle to all prior periods. The impact of the change in accounting method on our previously reported adjusted operating income and adjusted operating margin for the quarterly and full year periods of 2024 is presented above. Full Year 2024 ITT Inc. (In millions; all amounts unaudited) Impact of Inventory Accounting Method Change to Adjusted Operating Income/Margin for 2024 First Quarter 2024 Second Quarter 2024 Third Quarter 2024 Fourth Quarter 2024
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19 Impact of Inventory Accounting Method Change to Adjusted Income from Continuing Operations and Adjusted EPS for 2024 ITT Inc. (In millions, except earnings per share; all amounts unaudited) Impact of Inventory Accounting Method Change to Adjusted Income from Continuing Operations and Adjusted EPS for 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Adjusted income from continuing operations (as previously reported) 117.2$ 122.5$ 119.9$ 122.7$ 482.3$ Impact of inventory accounting method change 0.5 0.5 0.5 0.1 1.6 Revised adjusted income from continuing operations 117.7$ 123.0$ 120.4$ 122.8$ 483.9$ Q1 2024 Q2 2024 Q3 2024 Q4 2024 FY 2024 Adjusted earnings per share (as previously reported) 1.42$ 1.49$ 1.46$ 1.50$ 5.86$ Impact of inventory accounting method change - - 0.01 - 0.02 Revised adjusted earnings per share 1.42$ 1.49$ 1.47$ 1.50$ 5.88$ Note: Effective January 1, 2025, we changed our method of determining the cost for certain inventories from a last-in, first-out (LIFO) basis to a first-in, first-out (FIFO) basis for all inventories previously accounted for under LIFO. We retrospectively applied this change in accounting principle to all prior periods. The impact of the change in accounting method on our previously reported adjusted income from continuing operations and adjusted earnings per share for the quarterly and full year periods of 2024 is presented above.