Impact of Additional Week on Net Sales slide image

Impact of Additional Week on Net Sales

74. 113 67 100 Industrial Solutions $ in Millions Q3 Sales CO 6 Reported Up 1% Organic Up 2% STE connectivity Q3 Business Performance Y/Y Growth Rates Reported Organic Industrial Equipment $423 (10)% (10)% $1,126 $1,141 Aerospace, Defense 293 8% 13% and Marine Energy 230 11% 8% Q3 2022 Q3 2023 Medical 195 10% 11% Industrial Solutions $1,141 1% 2% Q3 Adjusted Operating Margin Margins reflect expected volume 16.5% 15.8% decline in Industrial Equipment business Q3 2022 Q3 2023 Adjusted EBITDA Margin 20.7% 20.7% . Industrial Equipment decline driven by inventory digestion in the distribution channel AD&M organic growth reflects ongoing market improvement in Commercial Aerospace Energy organic growth across all regions, with continued momentum in renewable applications Medical organic growth with increases in interventional procedures Organic Net Sales Growth (Decline), Adjusted Operating Margin and Adjusted EBITDA Margin are non-GAAP financial measures; see Appendix for descriptions and reconciliations
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