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Adjusted earnings (excluding charges related to the sale of the Brazilian Specialty Products business completed in March and including the positive impact from adopting the new stock option accounting standard) of 52 cents per share beat the Zacks Consensus Estimate of 46 cents by 13%. In fact, earnings outpaced the Zacks Consensus Estimates in 10 out of the past 13 quarters, including the current one.

Adjusted earnings increased 20.9% from the year-ago results and also exceeded the management’s range of 1–2% growth, boosted by higher sales and improved margins.
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