Strong Financial Performance
Q3 organic sales were up 19% with double-digit growth in all regions. Adjusted operating profit was $417 million, surpassing the 20% adjusted operating margin for the first time.
Increased Full-Year Guidance
Full year guidance was raised across all financial metrics with expected organic growth of 14%, adjusted operating profit of $1.485 billion, and adjusted free cash flow of $1 billion.
Record Orders and Backlog
Orders grew by 37% on a trailing 12-month basis, with a backlog of $7.4 billion at the end of Q3, supporting future growth expectations.
AI and Liquid Cooling Opportunities
The company is positioned to benefit from AI and liquid cooling trends, with strong partnerships such as with NVIDIA and significant growth in liquid cooling market share.
Strong Cash Flow and Leverage Reduction
Adjusted free cash flow was $336 million, with year-to-date generation of $773 million, reducing leverage to 1.4x by the end of Q3.