โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Revenue: $6.26B (+12% YoY; +15% organic)
โข GAAP EPS: -$3.16 vs. $0.47 YoY
โข Adj. EPS: $0.87 vs. $0.67 YoY (+30%)
โข GAAP Net Loss: $2.59B
โข Adj. Operating Profit: $1.09B (+33% YoY)
โข Adj. Operating Margin: 17.4% (+260 bps YoY)
โข Operating Cash Flow: $813M vs. $341M YoY
โข Free Cash Flow: $674M vs. $224M YoY
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐ (๐ ๐๐๐)
โข Revenue: $23.8Bโ$24.0B (prior ~$23B)
โข Organic Sales Growth: ~10% (prior mid-to-high single digits)
โข Adj. EPS: $2.85โ$2.90 (prior ~$2.90)
โข Adj. Operating Profit: ~$3.5B (unchanged)
โข Free Cash Flow: ~$2B (unchanged)
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Data center orders surged ~300% YoY; total organic orders +35%
โข Commercial HVAC orders +60%
โข Record backlog exceeded $8.5B (+60% YoY)
โข Signed multibillion-dollar long-term agreements with minimum volume commitments additional to backlog
โข Americas organic sales +25%; Europe +12%
โข European residential heat pump and air conditioning sales each grew ~35%
โข Recorded $3.1B non-cash European goodwill impairment
โข Adj. EPS benefited by ~$0.10 from tariff refunds
โข Returned ~$600M to shareholders through dividends and repurchases
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOrganic orders were up ~35%, with data center orders up ~300%, resulting in over $8.5 billion of backlog, up 60% versus last year, reflecting continued strong demand for our differentiated solutions.โ โ CEO David Gitlin