Fourth Quarter Revenue and Earnings Exceed Expectations
Revenue totaled $666 million, up 21% compared to the prior year, and earnings per share came in at $1.92, exceeding the high end of guidance.
Strong Organic Growth in Key Markets
Organic growth of 14% for the quarter, with particular strength in the Americas, showing 23% organic growth.
Robust Free Cash Flow
Full year free cash flow was strong at $223 million, slightly ahead of expectations.
Successful Capital Deployment
Deployed $295 million towards tuck-in acquisitions and repurchased approximately half a million shares for $55 million during the fourth quarter.
Increased EBITDA Margins
EBITDA margins increased by 110 basis points year-over-year to 17.1% in the fourth quarter.
Positive Order Momentum
Orders for the quarter were up 23% compared to the prior year, with full-year orders reaching nearly $2.5 billion, up 9%.
Advancements in Solutions Capabilities
Significant strides in advancing solutions capabilities and expanding into smart infrastructure.