Innovation Engine Report
2023 Q3 Performance Summary
SALES
ADJUSTED SEGMENT
EBITA
ADJUSTED EPS
$1.29
FREE CASH FLOW
$3.9B
26.9%
$769M
$3.5B
23.2%
$0.92
2022
14% Underlying
2023
2022
370 bps
2023
2022
40%
2023
$420M
2022
肉 83%
2023
All world areas and both
business groups up double
digits
Backlog of $6.9B, flat from
prior quarter
1 Excluding AspenTech
Operating leverage (excluding
AspenTech): 59%
Strong price and favorable net
material inflation accretive to
margins
10
AspenTech contribution to
2023 Q3 EPS: $0.11
Driven by strong sales and
continued execution
Interest from Copeland note
receivable contribution to
2023 Q3 EPS: $0.02
AspenTech contribution to
2023 Q3 free cash flow: $111M
Robust YoY earnings growth
and working capital
improvement
2023 Q3 FCF conversion of
adjusted earnings: 97%
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