The company said net sales from continuing operations for Q4 2023 rose 10% (organic +8%), and that diluted EPS from continuing operations was $3.16 and adjusted diluted EPS was $3.69.

1. 01

   The company said net sales from continuing operations for Q4 2023 rose 10% (organic +8%), and that diluted EPS from continuing operations was $3.16 and adjusted diluted EPS was $3.69.

2. 02

   The company reported operating income from continuing operations of $1,038.5 (in millions) for full-year 2023, or 19.3% of net sales, and said net cash provided by operating activities from continuing operations was $880.8 (in millions) and free cash flow was $715.1 (in millions).

3. 03

   The company said it acquired Northern Star Holdings (Systems Control) in Q4 for about $1.1 billion, using cash and a $600 million term loan, and agreed to sell its residential lighting business for a cash price of $131 million.

4. 04

   The company said it expects full-year 2024 diluted EPS from continuing operations of $14.40 to $14.90, adjusted diluted EPS from continuing operations of $16.00 to $16.50, and free cash flow of about $800 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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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