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Organic sales fell 4%, driven by a 6% decrease in volume partially offset by a 2% increase in price.
“Our results continue to be impacted by the ongoing softness in consumer-driven businesses primarily within electronics, however, we did see sequential sales improvement in our Interconnect Solutions business during the second quarter,” said CEO Ed Breen.
For Q3/23, the company expects EPS of $0.84, compared to the consensus of $0.93, and revenue of $3.15B, compared to the consensus of $3.188B.
For the full year, the company sees EPS in the range of $3.40-$3.50, compared to the consensus of $3.60, and revenue in the range of $12.45-$12.55B, compared to the consensus of $12.413B.
