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โข Adj. EPS: $7.20 (Est. $7.03) โ , +45% YoY.
โข Revenue: $20.68B (Est. $20.69B) โ, +17% YoY.
โข GAAP EPS: $7.13 (vs. $4.88 YoY).
โข Operating Profit: $4.21B, +38% YoY.
โข Operating Margin: 20.4%, +310 bps YoY.
โข Adj. Operating Margin: 20.6%, +310 bps YoY.
โข Operating Cash Flow: $4.4B.
โข Cash Balance: $7.9B.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 adjusted EPS beat consensus by ~2.4%, while revenue was essentially in line.
โข Power & Energy revenue increased 18% to $8.78B, with segment profit up 31% to $2.14B.
โข Power Generation sales surged 30% to $3.42B, driven by turbines and large engines, primarily for data center applications.
โข Construction Industries revenue rose 18% to $7.98B, with profit increasing 33%.
โข Resource Industries revenue increased 15% to $4.62B, with profit up 14%.
โข North American revenue grew 24%, while Asia/Pacific declined 2%.
โข Higher sales volumes and favorable pricing drove operating margin expansion.
โข Returned $1.9B to shareholders through $1.2B in buybacks and $0.7B in dividends.
โข Q3 operating profit included $128M in tariff recoveries.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur third-quarter results reflect the durability of our end markets, with strong order rates and a record backlog.โ
