Third-quarter 2022 sales and revenues increased 21% to $15.0 billion
Third-quarter 2022 profit per share of $3.87; adjusted profit per share of $3.95
Operating profit margin was 16.2% for the third quarter of 2022, compared with 13.4% for the third quarter of 2021.
Returned $2.0 billion to shareholders through share repurchases and dividends in the quarter.
paid dividends of $0.6 billion.
• Anticipate 4Q 2022 sales to be highest quarter of the year reflecting typical seasonality
• Expect 4Q 2022 price realization to more than offset manufacturing cost increases vs 4Q 2021
• Anticipate strong 4Q 2022 adjusted operating profit margin1
• Short-term incentive compensation expense expected to be about $1.6 billion for the full year
• Capex of approximately $1.4 billion for the full year
• Current estimated global tax rate of about 23% for the full year
• Restructuring expense expected to be up to $800 million for the full year
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