🔹 Adj EPS: $0.54 (Est. $0.49) 🟢; UP +50% YoY
🔹 Revenue: $5.15B (Est. $5.27B) 😐; UP +19% YoY
🔹 Adjusted Operating Margin: 13.2% (UP +370 bps YoY)
FY25 Guidance:
🔹 Adjusted EPS: $2.95-$3.05 (Est. $2.99) 🟡; UP +15-20% YoY
🔹 Revenue: $22.5B-$23B (Est. $22.95B) 🟡
🔹 Free Cash Flow: $2.4B-$2.6B
Q4 Segment Performance:
HVAC Segment:
🔹 Revenue: $4.63B; UP +11% organically
Key Drivers:
🔸 Americas: High-teens organic growth driven by strength in Commercial and North America Residential.
🔸 EMEA: Flat organically with double-digit Commercial growth offset by Residential and Light Commercial declines.
🔸 APAC: Slight growth led by Japan and South Asia, offset by declines in China.
Refrigeration Segment:
🔹 Revenue: $708M; DOWN -6% organically
🔹 Key Drivers: Declines in North America truck and trailer; flat growth across other areas.
Other Key Metrics:
🔹 Full-Year Sales: $22.5B; UP +19% YoY with 3% organic growth
🔹 GAAP EPS (FY24): $1.22; Adjusted EPS: $2.56 (UP +16% YoY)
🔹 Shareholder Returns: ~$2.6B returned, including ~$1.9B in share buybacks and ~$700M in dividends
Strategic and Shareholder Updates:
🔸 Successfully integrated Viessmann Climate Solutions, adding to portfolio strength.
🔸 Completed portfolio transformation with divestiture proceeds exceeding $10B.
🔸 Focus on double-digit aftermarket growth and robust commercial HVAC backlog supported by data center acceleration.