“We are raising the lower end of our full year organic sales growth guidance range by 200 basis points.”

In context

“r settlement as well as cost inflation. Now we'll move to Slide 7 to discuss our third quarter and full year guidance. Our first half outperformance has given us confidence to increase our outlook for the year, even as we remain cautious regarding the lagging effect on business demand from tariff announced in recent months. Despite this, our framework for the year remains largely unchanged. We are factoring in non-tariffs as they are written, assuming any moratoria means a later revision to higher rates, net of all of our mitigation options. Keeping in close communication with our customers and suppliers, we remain committed to fully offsetting the effect of these tariffs with a combination of productivity, pricing and alternative sourcing as we balance protecting both margins and demand. We are raising the lower end of our full year organic sales growth guidance range by 200 basis points. Factoring in our first half performance and recent short-cycle order trends, we now project growth of 4% to 5% for the year or 3% to 4% when excluding the prior year impact from the Bombardier agreement. Our year-to-date results have exceeded previous expectations, while maintaining a pragmatic approach to the back half. We have increasingly seen large energy projects and catalyst spend, which can carry attractive incremental margins in our UOP and Process Solutions business pushed out into 2026 because of macroeconomic and legislative uncertainty. Full year sales are now projected to $40.8 billion to $41.3 billion, driven primarily higher by better organic growth, tailwinds from foreign currency translation and the additional revenue from the Sundyne acquisition in June. We expect year-o”