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Electrical & Fastening
e & f
Transcript
2022 Q3
14 Nov 22
Enclosures,
enclosure s
Transcript
2022 Q3
14 Nov 22
Foreign exchange was a four point headwind. Segment income was $144 million, up 22% with return on sales of 19.3% up 210 basis points sequentially and improved 90 basis points year-over-year, all better than expected. Volume and price contributions more than offset the impact from roughly $55 million of inflationary cost pressures, supply chain inefficiencies and FX headwinds.
55m of headwinds
Transcript
2022 Q3
14 Nov 22
Orders grew high single digits, on top of 43% orders growth a year ago.
We expected order growth to moderate given this comparison.
We continue to have a robust backlog, up strong double-digits year-over-year that gives us confidence going forward.
orders and backlog
Transcript
2022 Q3
14 Nov 22
Our third quarter performance was a new record for both sales and adjusted EPS, and once again exceeded our guidance. This marked our sixth consecutive quarter with organic sales growth at or above 20% demonstrating our growth strategy is working.
beat guidance, 6 qs of 20% growth
Transcript
2022 Q3
14 Nov 22