First quarter adjusted SG&A from continuing operations totaled $608 million, or 23.2 as a percentage of sales, a decrease of 310 basis points from the prior year period. This year-over-year decrease reflects the benefit from the reclassification of functional costs along with lower stock compensation expenses in the quarter, and continued disciplined expense management.

May 1, 2025 / CFO / receipt, needs a key / Joel Grady, CFO | earnings call 2025-05-01 | transcript 599a4e92-b626-4ff6-a11d-fd4c617266de | chars 15868-16240 | segment 16