Record-Breaking Margins and Cash Flow
Achieved record adjusted segment operating margin of 26.3%, adjusted EBITDA margin of 27%, and year-to-date cash flow from operations of $2.3 billion.
Strong Aerospace Performance
Aerospace sales reached a record $1.6 billion, up 12% year-over-year, driven by aftermarket strength in both defense and commercial end markets. Aerospace orders continue to be positive at +14%.
Positive Order Trends
Overall order rates increased to 9%, with international orders up by 11% and North America orders remaining positive.
Increased Dividend and Share Repurchase
Board approved a 10% increase in quarterly dividend, extending the record of increasing annual dividends to 69 years. Completed $650 million in share repurchases for the quarter.