2023 INVESTOR DAY
Segment Sales, Operating Profit, Adjusted Operating Profit, Operating Profit Margin and Adjusted Operating Profit Margin
($ in millions)
Year Ended
December
31, 2020
Year Ended
December
31, 2021
April 1, 2022
July 1, 2022
Three-Month Period Ended
September
30, 2022
December 31,
2022
Year Ended
December
31, 2022
Three-Month Period Ended
March 31,
June 30,
2023
2023
Six-Month
Period
Ended June
30, 2023
Operating Profit Margin (GAAP)
Water Quality
23.0 %
21.9 %
18.7 %
24.3 %
25.0 %
24.2 %
23.1 %
23.0 %
23.8 %
23.4 %
Product Quality & Innovation
22.5 %
24.4 %
23.3 %
27.0 %
22.8 %
25.2 %
24.6 %
27.2 %
24.5 %
25.9 %
Total Company
21.9 %
22.1 %
19.7 %
24.5 %
23.4 %
23.6 %
22.8 %
23.8 %
23.1 %
23.4 %
Adjusted Operating Profit
Margin (Non-GAAP)³
Water Quality
23.5 %
22.3 %
19.1 %
25.8 %
25.0 %
24.6 %
23.7 %
23.3 %
24.1 %
23.7 %
Product Quality & Innovation
24.5 %
25.4 %
24.3 %
27.6 %
23.6 %
25.8 %
25.4 %
28.0 %
26.6 %
27.3 %
Total Company
22.2 %
22.1 %
19.7 %
25.0 %
23.1 %
23.3 %
22.8 %
23.7 %
23.4 %
23.5 %
1 Refer to Footnotes A, B and D on page 77 for descriptions of the components of Other Operating Profit Adjustments.
2
Adjusted Operating Profit (non-GAAP) is defined as operating profit (GAAP) plus amortization of intangible assets (GAAP) plus (minus) Other Operating Profit Adjustments (as
defined).
3
Adjusted Operating Profit Margin (Non-GAAP) is defined as Adjusted Operating Profit (Non-GAAP) divided by sales.
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