From version < 1.50 >
edited by Md. Touhidul Islam
on 2023/01/30 06:32
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edited by Md. Touhidul Islam
on 2023/01/30 06:32
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15 15  The company has reported sales of $8,797 million during the quarter ended on September 30, 2022, which was $7,668 million a year earlier. Sales increased $1,129 million, or 15%, for the third quarter of 2022 and increased $2,970 million, or 13% for the nine months ended September 30, 2022 versus the respective 2021 periods. Volume growth in all end markets, except healthcare, and project startups increased sales by 3% in the quarter and 2% in the year-to-date period. Higher pricing across all geographic segments contributed 8% to sales in the quarter and 7% in the year-to-date period. Cost passthrough increased sales by 8% in the quarter and 7% in the year-to-date period with minimal impact on operating profit. Currency translation decreased sales by 7% in the quarter and 5% in the year-to-date period, largely in EMEA, APAC and Engineering, driven by the weakening of the Euro, Chinese yuan, British pound and Australian dollar against the U.S. dollar. The impact of divestitures decreased sales by 1% in the quarter. Engineering increased sales by 4% in the quarter and 2% in the year-to-date period.
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17 -Cost of goods sold reported is $5,285 million, increased from $4,368 million during the same quarter a year earlier.
17 +Cost of goods sold reported is $5,285 million, increased from $4,368 million during the same quarter a year earlier. Cost of sales, exclusive of depreciation and amortization increased $917 million, or 21%, for the third quarter of 2022 and increased $2,407 million, or 19% for the nine months ended September 30, 2022 primarily due to inflation and higher volumes, partially offset by productivity gains and currency effects.
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19 +Reported depreciation and amortization expense decreased $118 million, or 10%, for the third quarter of 2022 and decreased $252 million, or 7%, for the nine months ended September 30, 2022. The decrease is related primarily to lower depreciation and amortization of intangible assets acquired in the merger and currency impacts.
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22 22  {{putFootnotes/}}
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