“Effective tax rate 14.1 % 13.0 % (0.6) % 1.1 pts 13.6 pts N.M. = Not Meaningful Net sales The components of the consolidated net sales change were as follows: 2025 vs 2024 2024 vs 2023 Volume (2.1) % (2.3) % Price 4.0 1.9 Core growth 1.9 (0.4) Acquisition/Divestiture (0.1) (0.1) Currency 0.5 — Total 2.3 % (0.5) % The 2.3 percent increase in consolidated net sales in 2025 from 2024 was primarily the result of: • increased selling prices across all of our segments to mitigate inflationary cost increases; • favorable foreign currency effects compared to the prior year; and • increased sales volume within our Pool segment due to higher demand compared to the prior year.”
“Net interest expense The 2.0 percent increase in net interest expense in the first quarter of 2026 from 2025 was primarily driven by: • a reduction of interest income due to lower cash balances in the first quarter of 2026 compared to the first quarter of 2025.”