Investor Presentaiton
Fiscal 2023 Q4 results
Revenue up 10.5% y/y, adjusted net revenue increased 8.9% y/y and up 7.3% in constant currency
GAAP Operating Profit (OP) of $278M and OP Margin of 6.5%
Adj. OP of $383M up 10% and up 9% in constant currency; Adj. OP Margin (% of Adj. Net Revenue)
of 11%
GAAP Net Earnings from Continuing Operations of $150M
GAAP EPS from Continuing Operations of $1.25 includes:
$0.27 of expense net of NCI related to the amortization of acquired intangibles
$0.05 of a non-cash charge related to reduction in real estate footprint
■ $0.23 of transaction, restructuring and other related costs
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$0.10 tax adjustment to align to expected annual effective tax rate²
Adj. EPS of $1.90
Adjusted EBITDA of $384M, with adjusted EBITDA margin 11.1% of Adj. Net Revenue
Q4 revenue book-to-bill 1.04x and gross profit in backlog up over 8% y/y
U.S. GAAP and adjusted effective tax rates for the quarter and year include certain tax adjustments
for deferred tax valuation allowances and audit assessments amounting to a negative EPS impact
of $0.06 per share.
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1See Non-GAAP reconciliation and operating metrics at the end of presentation
2Beginning with our first fiscal quarter in 2024, the Company will be revising the adjustments it makes to adjusted net earnings from
continuing operations and adjusted EPS. It is expected that the Company will no longer make an adjustment to align these non-GAAP
measures to its annual effective tax rate. More information will be provided with our first quarter earnings materials.View entire presentation