41 annotations
Our organic growth for 2024 is expected to be between 6.5% and 8.5%
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2023 Q4
26 Feb 24
our major project negotiations pipeline in Q4 was up 55% versus prior year and up 189% since Q4 2021
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2023 Q4
26 Feb 24
For orders, we had particular strength in data center, MOEM and institutional markets.
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2023 Q4
26 Feb 24
For orders, we had particular strength in data center, MOEM and institutional markets.
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2023 Q4
26 Feb 24
On a rolling 12-month basis, book-to-bill for Electrical and Aerospace was 1.1 and our backlog increased by 15% for Electrical and 13% for Aerospace.
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2023 Q4
26 Feb 24
We have modeled year-over-year order decline, meaningful order decline. And in those scenarios, given our backlog coverage, as we said in the prepared remarks, we are able to have robust organic growth well into 2025.
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2023 Q4
26 Feb 24
The demand is there to grow faster than 7.5% that we've talked about as the midpoint of our guidance.
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2023 Q4
26 Feb 24
when we came into 2023, we actually expected to be able to eat into the backlog, and the backlog grew by some 15%
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2023 Q4
26 Feb 24
we've seen a couple of companies with big backlogs also have sales disappointments
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2023 Q4
26 Feb 24
For segment margins, our guidance range of 22.4% to 22.8% is an improvement of 60 basis points at the midpoint from our 2023 all-time record of 22%.
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2023 Q4
26 Feb 24
the healthy end markets, combined with our large backlog provides actually better-than-normal visibility for our 2024 outlook
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2023 Q4
26 Feb 24
For 2023, we saw $6.2 billion of projects in our negotiations pipeline in Electrical Americas alone.
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2023 Q4
26 Feb 24
This is even stronger than the 19% organic growth in our Electrical Americas business, which suggests continued strength going forward.
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2023 Q4
26 Feb 24
In Electrical Americas, the pipeline doubled over the past 3 years and increased a further 29% and in 2023.
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2023 Q4
26 Feb 24
Our strong backlog to close the year gives us continued confidence in our growth outlook for 2024 and beyond.
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2023 Q4
26 Feb 24
Versus prior year, our backlogs have grown by 15% in Electrical and 13% in Aerospace, which exceeded our expectations as we began the year.
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2023 Q4
26 Feb 24
Versus prior year, our backlogs have grown by 15% in Electrical and 13% in Aerospace, which exceeded our expectations as we began the year.
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2023 Q4
26 Feb 24
Both businesses have increased their backlogs by significantly more than 100% since Q4 2020, with Electrical growing almost 200%.
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2023 Q4
26 Feb 24
we continue to build backlog with Electrical stepping up to $9.5 billion and Aerospace reaching $3.2 billion for a total backlog of $12.7 billion
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2023 Q4
26 Feb 24
Electrical Americas backlog increased 18% year-over-year and was also up sequentially, resulting in a book-to-bill ratio of 1.2 on a rolling 12-month basis
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2023 Q4
26 Feb 24