In the first quarter of 2025, the Company reported a total net sales of $5.676 billion. The Americas segment contributed the most to the net sales, with $3.837 billion, followed by the EMEA segment with $1.201 billion and the APAC segment with $638 million.
In terms of profitability, the Americas segment reported a Segment EBITA of $707 million, while the EMEA and APAC segments reported Segment EBITA of $135 million and $104 million, respectively.
The Company also provided adjusted Segment EBITA (non-GAAP) figures, which were slightly higher than the reported Segment EBITA. The adjusted Segment EBITA for the Americas segment was $709 million, for the EMEA segment was $135 million, and for the APAC segment was $104 million.
The adjustment items mainly consisted of transformation costs, which represented incremental expenses incurred in association with strategic growth initiatives and cost-saving opportunities to realize the benefits of portfolio simplification and the Company's lifecycle solutions strategy.
As a result of these announcements, the company's shares have moved 0.74% on the market, and are now trading at a price of $91.92. For more information, read the company's full 8-K submission here.