Q1 earnings were $1.54 per share, an increase of 19% vs. the prior year.
Organic revenue growth was positive in six of seven segments: 9% in Automotive OEM, 6% in Test & Measurement/Electronics, 3% in Construction Products, 2% in Food Equipment and Polymers & Fluids and 1% in Specialty Products. Welding was flat.
Raised outlook for 2017: Earnings are now expected to be in the range of $6.20-$6.40 (vs. $6.00-$6.20 per share), with organic growth of 2%-4% (vs. 1.5%-3.5%).
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