December-quarter sales moved up 16% year-over-year to $10.03 billion, reflecting broad-based growth across all operating segments. The management expects an increase in sales for fiscal 2023.
| OUTLOOK | FY2022 | FY2023 |
| sales | $36.6billion | $38billion — $38.4billion |
| MTM-adjusted EPS | $25.54 | $21.85 —$ 22.45 |
| Capital expenditures | $1.44billion | $1.65billion — $1.7billion |
| Adjusted Free cash flow | $1.62billion | $1.85billion — $2.15billion |
Despite the impressive sales performance, fourth-quarter net profit declined to $2.08 billion or $13.46 per share from $2.71 billion or $17.14 per share in the corresponding period of the prior year. Meanwhile, MTM-adjusted earnings increased to $7.50 per share from $6.00 per share last year.
“Given our proven ability to competitively win, hire and perform, we’re raising our sales outlook for 2023 and expect to deliver strong multi-year cash flow growth. We are focused on executing our strategy, investing in the capabilities and capacity our customers need, and returning a significant portion of our growing cash flows to our shareholders,” said the company’s CEO Kathy Warden.