Operating margin increased to 5.7% from 4.5%, mainly due to improved volume, productivity and pricing.
Expects adjusted Q2 EPS of $1.09-1.13 vs consensus of $1.06, and revenue growth of 4-5% vs analyst forecasts for a fall of 9.9% to $3.54B.
Affirmed 2014 outlook, citing the prospect of moderate growth in global construction and slow growth in industrial markets.
Shares are +1.7% premarket. (PR)