🔹 Revenue: $10.4B (Est. $10.13B) 🟢; UP +7% YoY
🔹 EPS (Adj): $2.82 (Est. $2.56) 🟢; UP +9% YoY
🔹 Organic Sales Growth: +6% YoY
🔹 Orders: UP +22% YoY
FY25 Guidance
🔹 Adj EPS: $10.60–$10.70 (Est. $10.54) 🟢
🔹 Sales: $40.7B–$40.9B (Est. $40.86B) 🟡
🔹 Organic Growth: ~+6% YoY
🔹 Segment Margin: 22.9%–23.0%; UP +30–40 bps YoY
🔹 Operating Cash Flow: $6.4B–$6.8B
🔹 Free Cash Flow: $5.2B–$5.6B
Segment:
Aerospace Technologies
🔹 Sales: $4.51B; UP +15% YoY (+12% organic)
🔹 Commercial Aftermarket: UP +19% YoY
🔹 Defense & Space: UP +10% YoY
🔹 Segment Margin: 26.1%; DOWN -160 bps YoY
Industrial Automation
🔹 Sales: $2.27B; DOWN -9% YoY (+1% organic)
🔹 Sensing: UP +6% YoY; Warehouse & Workflow: UP +2% YoY
🔹 Process Solutions: FLAT YoY; Productivity Solutions & Services: DOWN -3% YoY
🔹 Segment Margin: 18.8%; DOWN -150 bps YoY
Building Automation
🔹 Sales: $1.88B; UP +8% YoY (+7% organic)
🔹 Segment Margin: 26.7%; UP +80 bps YoY
Energy & Sustainability Solutions
🔹 Sales: $1.74B; UP +11% YoY (-2% organic)
🔹 Advanced Materials: UP +5% YoY; UOP: DOWN -13% YoY
🔹 Segment Margin: 24.5%; FLAT YoY
Other Metrics
🔹 Operating Income: $1.75B; DOWN -6% YoY
🔹 Operating Margin: 16.9%; DOWN -220 bps YoY
🔹 Segment Profit: $2.41B; UP +5% YoY (Segment Margin 23.1%; DOWN -50 bps YoY)
🔹 Operating Cash Flow: $3.29B; UP +65% YoY
🔹 Free Cash Flow: $1.45B; DOWN -16% YoY
🔹 Backlog: Record high (supported by +22% orders)
Commentary:
🔸 “We exceeded the high end of our guidance for organic growth and adjusted EPS as orders strength pushed backlog to another record.”
🔸 Separation plan progressing: Solstice Advanced Materials spin on Oct 30, 2025; pursuing separation of Automation and Aerospace to form three public companies by H2’26.
🔸 Portfolio moves: divested Bendix-related legacy liabilities; ended Resideo indemnity (received $1.6B);
