{
  "report_rows": [
    {
      "kpi": "2Q26 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.85 vs. cons $1.83",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$4.40B vs. cons $4.41B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 adjusted EBITDA margin",
      "prediction": "IN-LINE",
      "answer": "pred ~31.7% vs. cons 31.8%",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$7.24 vs. cons $7.25 (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted EBITDA guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$5.50B vs. cons $5.50B (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted free-cash-flow guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.54B vs. cons $2.54B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Environmental Solutions second-half revenue-growth commentary",
      "prediction": "UNCHANGED",
      "answer": "guide ~2.0% vs. cons 2.0% (2H26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -2.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A modest EPS beat (~$1.85 vs. $1.83) is likely outweighed by revenue/margin that are only in line (~$4.40B vs. $4.41B and ~31.7% vs. 31.8%) and an unchanged FY26 EPS midpoint (~$7.24 vs. $7.25). With premium valuation, unchanged guide math and still-back-half-weighted ES recovery leave little basis for upward out-period revisions.",
  "day5_confidence": "MEDIUM"
}