Highlights include:
- Net sales fell 0.1%, from
$825 million in Q4 2021 to$824 million in the quarter endingDec. 31, 2022 . -
Net income rose 48%, from
$72.1 million to$106.7 million in the comparative quarters. -
EPS per diluted share rose from
$1.22 to$1.87 in the comparative quarters. -
Adjusted net income rose 57%, from
$77.3 million to$121.5 million in the comparative quarters. -
Adjusted EPS increased 63%, from
$1.31 to a record$2.13 per share for the comparative quarters. -
Net sales for payment and merchandising technologies rose 8%, from
$314 million in Q4 2021 to$338 million in Q4 2022. -
Full year sales fell 1%, from
$3.4 billion in 2021 to$3.37 billion in 2022. Core sales growth of$220 million , or 6%, was more than offset by the$139 million , or 4%, impact from the May divestiture of Crane Supply, and a$114 million , or 3%, impact from unfavorable foreign exchange. -
Full year net income fell 5.7% from
$435.4 million to$410.6 million . -
EPS per diluted share fell from
$7.36 to$7.17 in the comparative years.
Shares traded today at
The company declared a
The
"Another outstanding quarter of execution by our global team, along with continued progress toward our planned separation,"
"Leading indicators also remain strong, with core orders up 15% and core backlog up 28% compared to last year. However, despite strength of those metrics, based on broader macroeconomic trends and general uncertainty, we are planning for somewhat constrained and mixed activity in 2023 paired with gradual supply chain relief throughout the year."
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