The company now projects 2026 earnings to land between $4.60 and $5.45 per share, an increase from its previous guidance of $4.15 to $5.35. Adjusted earnings per share are now expected to fall within a range of $5.20 to $5.80, narrowing the spread from the earlier $4.90 to $5.70 estimate. This adjusted guidance remains largely in line with analyst expectations of $5.37 per share.

Chief Financial Officer Patrick Hallinan credited the successful sale of the consolidated aerospace manufacturing business for strengthening the company's balance sheet. This capital infusion provides the firm with liquidity to reduce debt, sustain dividend payments, and initiate share repurchases. While quarterly sales reached $3.96 billion—falling just shy of the $3.97 billion consensus estimate—the company saw adjusted earnings of $1.57 per share, handily beating the $1.21 expected by Wall Street analysts.