The company said sales for Q4 2023 rose to $3.33 billion, up 3% in U.S. dollar terms compared with the prior-year quarter and down 1% organically. GAAP Diluted EPS was $0.83, and Adjusted Diluted EPS was $0.82.

1. 01

   The company said sales for Q4 2023 rose to $3.33 billion, up 3% in U.S. dollar terms compared with the prior-year quarter and down 1% organically. GAAP Diluted EPS was $0.83, and Adjusted Diluted EPS was $0.82.

2. 02

   The company said full-year 2023 sales were $12.55 billion, down slightly from the prior year in U.S. dollars and down 3% organically. Full-year GAAP operating margin was 20.4%, and Adjusted operating margin was 20.7%.

3. 03

   The company said it generated operating cash flow of $2.53 billion and free cash flow of $2.16 billion in 2023. In Q4, it repurchased 1.3 million shares for $115 million and paid $126 million in dividends, bringing total capital returned to shareholders in 2023 to $1.09 billion.

4. 04

   The company said it completed 4 acquisitions, including TPC Wire & Cable, Airmar, LID Technologies and PCTEL, in Q4 2023. It said it expects sales for Q1 2024 to be in the range of $3.04 billion to $3.10 billion, and Adjusted Diluted EPS to be in the range of $0.71 to $0.73, assuming current market conditions and constant exchange rates continue.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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