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we continue to build backlog with Electrical stepping up to $9.5 billion and Aerospace reaching $3.2 billion for a total backlog of $12.7 billion
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2023 Q4
26 Feb 24
Electrical Americas backlog increased 18% year-over-year and was also up sequentially, resulting in a book-to-bill ratio of 1.2 on a rolling 12-month basis
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2023 Q4
26 Feb 24
Currently, in our electrical sector, we have backlog coverage of almost 3x our historical average.
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2023 Q4
26 Feb 24
they represent 16% of our negotiations and 6% of our orders
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2023 Q4
26 Feb 24
our revenues in Electrical America for mega projects in 2023 was only about 3% of our total revenues
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2023 Q4
26 Feb 24
it takes on average 3 to 5 years from when a project is announced to when it shows up in our revenue
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2023 Q4
26 Feb 24
we're building a multiyear backlog
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2023 Q4
26 Feb 24
Some 10% have been canceled or significantly delayed, but this number is actually lower than historical rates.
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2023 Q4
26 Feb 24
a mega project, once again is a project with an announced value of $1 billion or more and there's been 333 of those through the end of last year, beginning in January 2021
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2023 Q4
26 Feb 24
about 72% of these projects are still in the planning phases, and only 18% have actually started
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2023 Q4
26 Feb 24
before we were talking about mega projects, we were talking about secular growth drivers, we were talking about energy transition, we were talking about the electrification of the economy. We were talking about digitalization.
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2023 Q4
25 Feb 24
61% increase in hyperscale orders
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2023 Q3
1 Nov 23
These AI data centers require both high-power and high-power density and as a result, higher electrical content.
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2023 Q3
1 Nov 23
120 zettabytes of data have been generated in 2023, a 60-fold increase over the 2 zettabytes generated in 2010. And the amount of data generated is expected to grow to 180 zettabytes by 2025, a 50% increase over 2023.
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2023 Q3
1 Nov 23
our customers are continuing to expand their data center CapEx build-outs
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2023 Q3
1 Nov 23
we now think this market grows at a 16% compounded rate between 2022 and 2025 and likely for much longer
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2023 Q3
1 Nov 23
only 20% of these projects have actually started
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2023 Q3
1 Nov 23
Announced mega projects grew between 25 -- grew 25% between Q3 and Q2, and Q2 was up 20% from Q1.
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2023 Q3
1 Nov 23
data center/IT channel represents 15% of our total revenue
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2023 Q3
1 Nov 23
Another trend driving higher electric content is the need for solutions that allow bidirectional flow of power back to the grid and the ability to optimize the use of renewable energy to power data centers.
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2023 Q3
1 Nov 23