🔹 Revenue: $7.0B (Est. $7.07B) 😑; UP +10% YoY
🔹 Adj. EPS: $3.07 (Est. $3.05) 🟢; UP +8% YoY
🔹 Segment Margins: 25.0% 🟢 (record; +70 bps YoY)
🔹 Free Cash Flow: $1.2B (+4% YoY)
🔹 Book-to-Bill: 1.1x in both Electrical & Aerospace
Guidance:
🔹 Q4 EPS: $3.23–$3.43 (Est. $3.36) 😑
🔹 FY EPS: $11.97–$12.17 (Est. $12.09) 😑
🔹 FY Organic Growth: +8.5–9.5%
🔹 FY Segment Margin: 24.1–24.5%
Segment Performance:
🔹 Electrical Americas: $3.41B (+15% YoY); Margin 30.3% 🟢
↳ Orders +7% YoY; Backlog +20% YoY
🔹 Electrical Global: $1.72B (+10% YoY); Margin 19.1%
↳ Orders +2% YoY; Backlog +7% YoY
🔹 Aerospace: $1.08B (+14% YoY); Margin 25.9% 🟢
↳ Orders +11% YoY; Backlog +15% YoY
🔹 Vehicle: $639M (–8% YoY); Margin 17.8%
🔹 eMobility: $136M (–19% YoY); Op. Loss –$9M
Operational Highlights:
🔹 Rolling 12-mo Electrical Americas orders +7%, driven by data centers
🔹 Record backlog growth: +18% Electrical, +15% Aerospace
🔹 Operating cash flow: $1.35B (record)
🔹 Recent acquisitions: Fibrebond, Resilient Power; Boyd Thermal ($9.5B deal) announced
🔸 “Strong demand and record margins continue to validate our strategy to lead and invest for growth across data centers, aerospace, and electrification.” – CEO Paulo Ruiz