Record Fiscal Year 2025 Performance
Achieved top quartile safety performance with a 17% reduction in incident rate, record engagement survey results, and top line sales of $19.9 billion. Record adjusted segment operating margin of 26.1% and EBITDA margin of 26.4%.
Aerospace Segment Growth
Aerospace delivered record sales of $6.2 billion, 13% organic growth, and 190 basis points of adjusted segment operating margin expansion with a record backlog of $7.4 billion.
Industrial Segment Margin Expansion
The Industrial segment achieved a record adjusted segment operating margin of 25.1%, marking a 90 basis point increase over the prior year.
Strong Cash Flow and Capital Deployment
Generated record cash flow from operations of $3.8 billion, with a free cash flow of $3.3 billion, representing 109% conversion. Year-to-date share repurchases amounted to $1.6 billion.
Strategic Acquisition of Curtis Instruments
Announced the intent to acquire Curtis Instruments, which will expand electrification offerings and enhance capabilities in control solutions, expecting closure by the end of the calendar year.
Q4 Record Performance
Q4 results showed continued margin expansion, with adjusted segment operating margin at 26.9%, up 160 basis points from the prior year, and adjusted EPS up 14% to $7.69.