- Adjusted net income of $291.5M, or $2.06 per diluted share vs. $285M, or $1.88 in the same quarter a year ago.
- Revenue by segment: Diversified Industrial North America -1%; Diversified Industrial International -15%; Aerospace Systems +5%.
- Orders: Diversified Industrial North America -6%; Diversified Industrial International -3%; Aerospace Systems +3%.
- During the quarter, the company completed share repurchases of $477M.
- "Our third quarter order rates and unfavorable currency trends have had a significant influence on our outlook for the fourth quarter. We are taking appropriate actions to respond to the current environment," CEO Tom Williams said.
- As a result, the company decreased its fiscal year guidance for earnings from continuing operations from a range of from $7.90-$8.30 to $7.55-$7.75 per share on an adjusted basis.
- FQ3 results
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PH -3.5% premarket