The company said fourth quarter and full year net sales rose $3,620 million in Q4 2023 (up 5.3%). GAAP EPS was $0.79, and adjusted EPS was $0.87. Full year net sales were $14,209 million (up +3.8%), GAAP EPS was $3.39, and adjusted EPS was $3.54.

1. 01

   The company said fourth quarter and full year net sales rose $3,620 million in Q4 2023 (up 5.3%). GAAP EPS was $0.79, and adjusted EPS was $0.87. Full year net sales were $14,209 million (up +3.8%), GAAP EPS was $3.39, and adjusted EPS was $3.54.

2. 02

   The company said Service segment full year net sales rose 7.4% to $8,397 million, and organic sales grew 7.7%. It said GAAP operating profit was $1,972 million, and adjusted operating profit margin expanded 50 basis points to 24.0%.

3. 03

   The company said cash flow from operations for 2023 was $1,627 million, free cash flow was $1,489 million, and adjusted free cash flow was $1,534 million. In the same year, it repurchased common stock for $800 million and paid $539 million in common stock dividends.

4. 04

   The company said its full-year 2024 outlook calls for net sales of $14.5 billion to $14.8 billion (up 2 to 4%), organic sales growth of 3 to 5%, adjusted EPS of $3.80 to $3.90, and adjusted free cash flow of approximately $1.6 billion.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.