Posted on July 30, 2018
By Seeking Alphaa,Thank you, Amy. Good morning, everyone, and thanks for joining us.
We had another great quarter with outstanding performance by our global team. Second quarter sales and revenues were $14 billion, 24% higher than the second quarter of 2017. We saw increased sales in all three of our primary segments and in all geographic regions. Profit per share of $2.82 was the best second quarter performance in our company history.
Operating and profit increased 83% and adjusted profit per share was nearly double what it was in the same quarter last year. For those of you that have followed us through the cycles, you can recognize that our team did an excellent job managing costs, as we significantly increased production, which allowed us to deliver record quarterly profit per share. We are a higher performing company today as a result of our team’s cost discipline, the application of the Operating & Execution Model and restructuring actions we’ve implemented across the Company in recent years.
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