...A. Results: 4Q22: 1. Results for sales, earnings and cash flow were all in line with expectations. a. b. Delivered organic sales growth of 5% supported by another qtr. of double-digit growth in light commercial and commercial HVAC, global truck and trailer and aftermarket. c. Pricing remained strong and realization continued to offset inflationary headwinds. d. Supply chain improvements continued, allowing for reduction of past due shipments with further improvements anticipated in 2023. e. Backlog, which ended up mid-single digits YoverY, up 40% on a two-year stack and up 2 times from 2019 remains at very healthy levels. f. Adjusted operating margins of 10.1% were flattish vs. last year, despite 70 BP impact from consolidation of Toshiba JV. g. Made great progress on productivity initiatives. h. Has achieved full year target of $300m in savings. i. Adjusted EPS was $0.40 at high end of guidance range. j. Generated about $1b of free cash flow, ending 2022 with $3.5b of cash, allowing Co....
