Revenue and profitability trend highlights:
- Revenue: $4,960.349M; YoY change: -2.25%; QoQ change: +4.59%. Indicates a modest top-line headwind versus prior year, with sequential momentum likely driven by mix and price/mix discipline.
- Gross Profit: $1,830.399M; YoY +1.82%; QoQ +5.75%; Gross margin ~36.9% (0.3690). Improvement in margin suggests favorable product mix, pricing actions, and disciplined cost management.
- Operating Income: $1,046.043M; YoY +4.03%; QoQ +11.53%; Operating margin ~21.09% (0.2109).
- Net Income: $960.866M; YoY +32.25%; QoQ +1.30%; Net margin ~19.37% (0.1937).
- EPS: GAAP $7.48, Diluted $7.37; YoY +32.39%; QoQ +1.49%.
- Cash flow and capital allocation: Operating cash flow $630.028M; Free cash flow $542.368M; Capex $87.660M; Cash at period-end $408.735M. Dividend payout ratio ~21.9%; share repurchases around $667.6M in the quarter; net debt approx. $8.964B with interest coverage ~10.9x.
- Balance sheet robustness: Total assets $28.918B; total liabilities $15.518B; stockholders’ equity $13.391B; current ratio 1.21, quick ratio 0.704, cash ratio 0.0728. Leverage remains substantial but within typical Industrials ranges, with debt to capitalization ~0.412 and debt to equity ~0.700.