EPS and Cash Flow Growth
Earnings per share (EPS) grew by 7% to $4.21. Operating cash flow increased by 8%, generating $1.7 billion of free cash flow.
Resilient Backlog
The backlog remains strong at $10 billion, securing long-term EPS growth and increasing network density.
Electronics Segment Growth
Electronics sales grew by 9%, driven by high-end chip production in Korea, Taiwan, and the U.S., with additional growth from Taiwan through a non-consolidated joint venture.
Record Backlog in Sale of Gas
Sale of gas backlog is at a record level, with expectations to maintain a '7 handle' by the end of the year despite starting up $1 billion in projects.
Strong Performance in Manufacturing
Manufacturing grew by 3% year-on-year, with solid volume growth in the United States and strong momentum in the commercial space business.