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 reconciliationsView entire presentation