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Sales in the quarter were up 8% organically at the midpoint of our original guidance for high single-digit growth with price contributing nearly 8 points,
sales in line, main;y price up 9, 8 price
Transcript
2022 Q3
7 Aug 22
otably, during the quarter, we delivered strong results. Year-to-date, Healthy Buildings orders have increased 27% year-over-year.
Our Healthy Buildings pipeline represents over $1.3 billion and has grown 33% year-over-year
health buildings orders
Transcript
2022 Q3
7 Aug 22
our sustainability infrastructure business has booked over $595 million in orders, and we remain on track to deliver over $1 billion of orders from fiscal year 2022, representing a 15% increase year-over-year.
decarbonixzarion rekated orders
Transcript
2022 Q3
7 Aug 22
Our overall service attach rate increased another 70 basis points in the quarter, bringing us closer to our target on a run rate basis.
attach rate up 70bp
Transcript
2022 Q3
7 Aug 22
Through our fully integrated digital platform, providing the latest cybersecurity, AI enablement and digital twin capabilities, OpenBlue remains a step ahead of the competition. Last quarter, we launched the OpenBlue Gateway, which was a critical step in accelerating the connectivity of our equipment and a key enabler of our ability to deliver enhanced digital service offerings. To date, we have over 8,400 connected chillers through OpenBlue, representing an 86% increase year-over-year. The launch of our connected control platform, which represents the first integration of OpenBlue with our legacy medicines platform is also off to a great start.
As mentioned last quarter, we view this as a significantly disruptive solution that will allow us to intelligently automate buildings to get to the next level of optimization for our customers into our air quality, energy efficiency and carbon reduction need as well as transform our service value proposition.
In addition, we look forward to providing customers with added flexibility of data integration with OpenBlue multi-cloud capabilities. This technology gives customers the ability to seamlessly integrate hosted data from various outlets while ensuring a high availability of data and insights for our customers.
openblue colour
Transcript
2022 Q3
7 Aug 22
M&A remains another key strategic priority to further our growth objectives with several actionable opportunities in the pipeline that will allow us to support technological advancements and synergies across our portfolio
m & a coming
Transcript
2022 Q3
7 Aug 22
we are seeing improvements in price/cost, which inflected positive for the first time this year.
We expect additional cost absorption to be realized in our field project backlog, which consists of higher book margin to be converted in the quarters to come.
price/cost now positive, higher book margin
Transcript
2022 Q3
7 Aug 22
We’ve also taken great strides to deliver on our strategic initiatives over the quarter and remain on track to achieve our goal of reaching $230 million in productivity savings, realizing $170 million in cost savings year-to-date.
productivity savings (target 230m) on track, 170 ytd
Transcript
2022 Q3
7 Aug 22
The overall demand backdrop remains robust with total field orders up 11% organically year-over-year and 29% on a two-year stack as our record backlog continues to grow, increasing 13% organically year-over-year.
orders up, backlog up
Transcript
2022 Q3
7 Aug 22