Record-Breaking Financial Performance
Q4 adjusted EPS reached a record $2.83, up 11% year-over-year, with record segment margins of 24.7%, an increase of 190 basis points.
Strong Order Growth and Backlog
Electrical orders were up 12% on a rolling 12-month basis, with Electrical Americas orders up 16%, contributing to a 29% increase in backlog.
Data Center Segment Expansion
Data center business experienced rapid growth, with backlog up 50% over the previous year and negotiations and orders accelerating.
Impressive Cash Flow Generation
Q4 saw record operating cash flow of $1.6 billion, up 23% year-over-year, and free cash flow of $1.3 billion, a 27% increase.
Mega Projects Momentum
Q4 saw 65 mega projects announced, valued at over $150 billion, contributing to a backlog worth $1.9 trillion, up 33% year-over-year.