Schneider Electric’s North America growth drives Q3 revenue, led by energy management

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site_logos['fashiondive'] = { domain: 'fashiondive', site_name: "Fashion Dive", alt_text: "Fashion Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/fashion_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/fashion_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/fashion_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/fashion_black.svg", } }; site_logos['fooddive'] = { domain: 'fooddive', site_name: "Food Dive", alt_text: "Food Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/food_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/food_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/food_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/food_black.svg", } }; site_logos['grocerydive'] = { domain: 'grocerydive', site_name: "Grocery Dive", alt_text: "Grocery Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/grocery_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/grocery_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/grocery_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/grocery_black.svg", } }; site_logos['healthcaredive'] = { domain: 'healthcaredive', site_name: "Healthcare Dive", alt_text: "Healthcare Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/healthcare_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/healthcare_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/healthcare_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/healthcare_black.svg", } }; site_logos['highereddive'] = { domain: 'highereddive', site_name: "Higher Ed Dive", alt_text: "Higher Ed Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/highered_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/highered_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/highered_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/highered_black.svg", } }; site_logos['hoteldive'] = { domain: 'hoteldive', site_name: "Hotel Dive", alt_text: "Hotel Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hotel_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hotel_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hotel_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hotel_black.svg", } }; site_logos['hrdive'] = { domain: 'hrdive', site_name: "HR Dive", alt_text: "HR Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hr_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hr_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hr_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/hr_black.svg", } }; site_logos['k12dive'] = { domain: 'k12dive', site_name: "K-12 Dive", alt_text: "K-12 Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/k12_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/k12_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/k12_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/k12_black.svg", } }; site_logos['legaldive'] = { domain: 'legaldive', site_name: "Legal Dive", alt_text: "Legal Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/legal_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/legal_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/legal_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/legal_black.svg", } }; site_logos['manufacturingdive'] = { domain: 'manufacturingdive', site_name: "Manufacturing Dive", alt_text: "Manufacturing Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/manufacturing_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/manufacturing_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/manufacturing_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/manufacturing_black.svg", } }; site_logos['marketingdive'] = { domain: 'marketingdive', site_name: "Marketing Dive", alt_text: "Marketing Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/marketing_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/marketing_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/marketing_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/marketing_black.svg", } }; site_logos['medtechdive'] = { domain: 'medtechdive', site_name: "MedTech Dive", alt_text: "MedTech Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/medtech_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/medtech_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/medtech_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/medtech_black.svg", } }; site_logos['mobilemarketer'] = { domain: 'mobilemarketer', site_name: "Mobile Marketer", alt_text: "Mobile Marketer logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/mobilemarketer_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/mobilemarketer_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/mobilemarketer_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/mobilemarketer_black.svg", } }; site_logos['multifamilydive'] = { domain: 'multifamilydive', site_name: "Multifamily Dive", alt_text: "Multifamily Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/multifamily_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/multifamily_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/multifamily_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/multifamily_black.svg", } }; site_logos['packagingdive'] = { domain: 'packagingdive', site_name: "Packaging Dive", alt_text: "Packaging Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/packaging_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/packaging_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/packaging_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/packaging_black.svg", } }; site_logos['paymentsdive'] = { domain: 'paymentsdive', site_name: "Payments Dive", alt_text: "Payments Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/payments_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/payments_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/payments_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/payments_black.svg", } }; site_logos['pharmavoice'] = { domain: 'pharmavoice', site_name: "PharmaVoice", alt_text: "PharmaVoice logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/pharmavoice_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/pharmavoice_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/pharmavoice_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/pharmavoice_black.svg", } }; site_logos['proformative'] = { domain: 'proformative', site_name: "Proformative", alt_text: "Proformative logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/proformative_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/proformative_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/proformative_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/proformative_black.svg", } }; site_logos['restaurantdive'] = { domain: 'restaurantdive', site_name: "Restaurant Dive", alt_text: "Restaurant Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/restaurant_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/restaurant_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/restaurant_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/restaurant_black.svg", } }; site_logos['retaildive'] = { domain: 'retaildive', site_name: "Retail Dive", alt_text: "Retail Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/retail_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/retail_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/retail_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/retail_black.svg", } }; site_logos['smartcitiesdive'] = { domain: 'smartcitiesdive', site_name: "Smart Cities Dive", alt_text: "Smart Cities Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smartcities_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smartcities_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smartcities_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smartcities_black.svg", } }; site_logos['socialmediatoday'] = { domain: 'socialmediatoday', site_name: "Social Media Today", alt_text: "Social Media Today logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smt_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smt_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smt_color.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/smt_color.svg", } }; site_logos['supplychaindive'] = { domain: 'supplychaindive', site_name: "Supply Chain Dive", alt_text: "Supply Chain Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/supplychain_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/supplychain_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/supplychain_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/supplychain_black.svg", } }; site_logos['truckingdive'] = { domain: 'truckingdive', site_name: "Trucking Dive", alt_text: "Trucking Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/trucking_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/trucking_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/trucking_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/trucking_black.svg", } }; site_logos['utilitydive'] = { domain: 'utilitydive', site_name: "Utility Dive", alt_text: "Utility Dive logo", is_current_site: true, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/utility_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/utility_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/utility_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/utility_black.svg", } }; site_logos['wastedive'] = { domain: 'wastedive', site_name: "Waste Dive", alt_text: "Waste Dive logo", is_current_site: false, white: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/waste_white.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/waste_white.svg", }, black: { png: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/waste_black.png", svg: "https://d12v9rtnomnebu.cloudfront.net/logo/publications/waste_black.svg", } }; // Get the dive domain and return the dive logo object, or null if it doesn't exist in site_logos function getDivesiteLogoObject(link_url, alt_domain='') { let dive_domain; // Split link URL on 'adurl=' and take what comes after as the ad url const ad_url = decodeURIComponent(link_url.split('adurl=')[1]); // Split on . to get an array of hostname segments const dive_domain_array = new URL(ad_url).hostname.split('.'); // Retrieve the second to last element of the hostname array, which should always be the domain dive_domain = dive_domain_array[dive_domain_array.length - 2] if (alt_domain) { // If alt_domain has been specified, normalize it. i.e. "HR Dive", "http://hrdive.com", etc. => "hrdive" // This will override the link url's domain. dive_domain = alt_domain.replace(/\s+/g, '').replace(/^(https?:\/\/)?(www\.)?|\.com.*|\?.*|#.*/gi, '').toLowerCase(); } // Return the site logos object for this domain if it exists, or null if it does not if (site_logos[dive_domain]) { return site_logos[dive_domain]; } else { // Fallback logo const url_prefix = "https://d12v9rtnomnebu.cloudfront.net/divesite/responsive_ad_assets/small_logos/"; return { domain: 'industrydive', site_name: 'Industry Dive', alt_text: 'Industry Dive logo', white: { svg: url_prefix + 'industrydive-small-white.svg', png: url_prefix + 'industrydive-small-white.png', }, black: { svg: url_prefix + 'industrydive-small-black.svg', png: url_prefix + 'industrydive-small-black.png', } } } } eventer(messageEvent, function (e) { var key = e.message ? "message" : "data"; var data = e[key]; var eventName = data.message || 'ignore'; if (eventName == 'adContentAvailable') { var $ad_element; $ad_element = $('div').filter('[data-container-ad-unit-id="' + data.adUnit + '-' + window.dfp_visibility + '"]'); $ad_element.hide() var nativeAdEditorialSelector = '.sidebar .hybrid-ad-wrapper .native-ad-editorial'; var nativeAdEditorialExists = $(nativeAdEditorialSelector).length > 0; if ( nativeAdEditorialExists ) { $(nativeAdEditorialSelector).closest('.hybrid-ad-wrapper').addClass('native-ad-editorial-sidebar-border'); } // Inline homepage ad $('.feed-item-ad .hybrid-ad-wrapper a').each(function (index, element) { window.updateGamAdUrl(element, 'inline'); }); // Editorial native ad sidebar // NOTE: must go before inline native ad to ensure correct location added $('.sidebar .native-ad.editorial a').each(function (index, element) { window.updateGamAdUrl(element, 'sidebar'); }); // Editorial native ad inline $('.native-ad.editorial a').each(function (index, element) { window.updateGamAdUrl(element, 'inline'); }); // Sidebar ad $('.sidebar .hybrid-ad-wrapper a').each(function (index, element) { window.updateGamAdUrl(element, 'sidebar'); }); } }, false); var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function () { var desktopWidth = 1024; if (window.innerWidth >= desktopWidth) { window.dfp_visibility = 'desktop'; } else { window.dfp_visibility = 'mobile'; } var dfpDisplayConfiguration = { "prestitialEnabled": true, "leaderboardEnabled": true, "sidebarAdsEnabled": true, "visibility": window.dfp_visibility }; if (window.dfp_visibility == 'desktop') { if (typeof prestitialAds == 'object' && prestitialAds.pageIsPrestitialEligible()) { googletag.defineSlot('/21662595662/utilitydive/utilitydiveprestitial', [[500, 300], [640, 480]], 'paychekgoeshere').addService(googletag.pubads()); } if (dfpDisplayConfiguration.leaderboardEnabled) { googletag.defineSlot('/21662595662/utilitydive/utilitydiveleaderboard', [[970, 180], [728, 90], [970, 90]], 'dfp-leaderboard-desktop').addService(googletag.pubads()); googletag.pubads().addEventListener('slotRenderEnded', function (event) { if ((event.slot.getAdUnitPath() === '/21662595662/utilitydive/utilitydiveleaderboard' || event.slot.getAdUnitPath() === '/21662595662/utilitydive/utilitydiveleaderboard') && !event.isEmpty ) { $(window).blur(function () { if (document.activeElement === $('#dfp-leaderboard-desktop iframe')[0] || document.activeElement === $('#dfp-leaderboard-desktop iframe')[0]) { try { localStorage.setItem('leaderboard_signup_path', document.location.pathname); } catch (e) { // local storage could not be available due to privacy settings or something } } }); } }); } if (dfpDisplayConfiguration.sidebarAdsEnabled) { googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid1', [[300, 250], 'fluid', [160, 600]], 'dfp-hybrid1-desktop').addService(googletag.pubads()); } googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid2', [[300, 250], 'fluid'], 'dfp-hybrid2-desktop').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid3', [[300, 250], 'fluid'], 'dfp-hybrid3-desktop').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid4', [[300, 250], 'fluid'], 'dfp-hybrid4-desktop').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivethankyouhybrid1', ['fluid'], 'dfp-thankyouhybrid1-desktop').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivethankyouhybrid2', ['fluid'], 'dfp-thankyouhybrid2-desktop').addService(googletag.pubads()); } else { googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid1', [[300, 250], 'fluid'], 'dfp-hybrid1-mobile').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid2', [[300, 250], 'fluid'], 'dfp-hybrid2-mobile').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid3', [[300, 250], 'fluid'], 'dfp-hybrid3-mobile').addService(googletag.pubads()); googletag.defineSlot('/21662595662/utilitydive/utilitydivehybrid4', [[300, 250], 'fluid'], 'dfp-hybrid4-mobile').addService(googletag.pubads()); 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https://imgproxy.divecdn.com/-HI1xJRvncEXivgfZi11ZKEN_KgE12ABATfV_QXpvZA/g:ce/rs:fill:1600:900:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9TY2huZWlkZXJfRWxlY3RyaWNfZmFjYWRlXy1fc2VudF9ieV9TY2huZWlkZXIuanBlZw==.webp 1600w" imagesizes="(min-width: 64em) 60vw, 100vw" alt=""> <article class="brief"> <div class="first-page-pdf">  <div class="printed-branding"> <span class="promoted-branded-copy">An article from</span> <img src="https://d12v9rtnomnebu.cloudfront.net/logo/printer_friendly/utilitydive.jpg" alt="site logo"> </div> <div class="article-title-wrapper"> <div class="post-label-wrapper"> <span class="post-label post-label--medium "> Dive Brief </span> </div> <h1 class="display-heading-04"> Schneider Electric’s North America growth drives Q3 revenue, led by energy management </h1> <p>The company’s North America revenue organically grew 15.1% year over year, to about $3.8 billion, on the back of organic 18.3% year-over-year growth in energy management, it says.</p> </div> <div class="byline"> <div class="article-byline"> <div class="date date-bottom-border"> <span class="published-info"> Published Nov. 1, 2024 </span> <span class="date-dot">•</span> Updated Nov. 6, 2024 </div> <div class="byline-row "> <div class="author "> <div class="author-row author-row-flex"> <a href="https://www.facilitiesdive.com/editors/namarnath/"> <img class="author-img-round analytics t-article-byline-author" src="https://d1b6lhn2ymmy1x.cloudfront.net/journalist-headshots/amarnath-nish-circle-150x150.png" alt="Nish Amarnath's headshot"> </a> <div class="author-name author-name-with-headshot"> <a rel="author" href="https://www.facilitiesdive.com/editors/namarnath/" class="analytics t-article-byline-author">Nish Amarnath</a> <span class="author-title">Editor</span> </div> </div> </div> <div class="social-share"> <ul class="social-icon-list"> <li> <a 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class="inside_story_caption"> <span class="source_text"> Permission granted by Schneider Electric </span> </figcaption> </figure> </div> <div class="row"> <div class="article-large-12 columns article-wrapper"> <div class="print-wrapper"> <div class="cloned-story"> <p>First published on</p> <a href='http://www.facilitiesdive.com' class="analytics t-article-byline-cloned" target="_blank"> <img class="cloned-image" src="https://d12v9rtnomnebu.cloudfront.net/logo/publications/facilities_black.png" alt="Facilities Dive"> </a> </div> <div class=" large medium article-body"> <div class="text-to-speech"> <button class="text-to-speech__button button"> <img class="text-to-speech__button__icon" src="/static/images/audio_icon.svg?482016190122" alt=""/> Listen to the article <span class="text-to-speech__button__audio-length">5 min</span> </button> <div class="text-to-speech__controls"> <audio controls class="js-text-to-speech" preload="none"> <source 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Please let us know if you have <a href="/contact/">feedback</a>. </div> </div> </div> <h3>Dive Brief:</h3> <ul> <li><span><span><span><span><span><span>Schneider Electric reported robust performance in North America during the third quarter of 2024, driven by </span></span></span></span></span></span><a href="https://www.se.com/ww/en/assets/564/document/494532/release-Q3-revenues-2024.pdf?p_enDocType=Financial%20release&p_File_Name=2024%20Q3%20Financial%20results"><span><span><span><span><span><span><span><span>organic growth in energy management</span></span></span></span></span></span></span></span></a><span><span><span><span><span><span> and strong growth in systems revenue, led by its data center and infrastructure end markets.</span></span></span></span></span></span></li> <li><span><span><span><span><span><span>The company’s North America region accounted for 38% of total third-quarter revenue, organically growing </span></span></span></span></span></span><span><span><span><span><span><span><span>15.1% year o</span></span></span></span></span></span></span><span><span><span><span><span><span>ver year to </span></span></span></span></span></span><span><span><span><span><span><span><span>3.5 billion euros, or roughly $3.8 billion </span></span></span></span></span></span></span><span><span><span><span><span><span> in the third quarter. Revenue for Schneider Electric’s North America energy management group organically grew </span></span></span></span></span></span><span><span><span><span><span><span><span>18.3%</span></span></span></span></span></span></span><span><span><span><span><span><span> year over year, to nearly $3.4 billion in the third quarter, according to the earnings release. The company’s overall third quarter revenue organically rose 8% year over year, to about $10.1 billion.</span></span></span></span></span></span></li> <li><span><span><span><span><span><span>“Volume is a strong positive contributor in energy management across categories,” Schneider Electric CFO Hilary Maxson said on an earnings call Wednesday, pointing to accelerated growth in the data center market, improvements in its North America supply chain and continued momentum in electrification. </span></span></span></span></span></span></li> </ul> <div class="hybrid-ad-wrapper show-small hide-large"> <div class="hybrid-ad-inner-wrapper"> <div class="show-small hide-large"> <div data-container-ad-unit-id="/21662595662/utilitydive/utilitydivehybrid1-mobile"></div> <div id="dfp-hybrid1-mobile"> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script> waitToLoadAds.push(function() { googletag.cmd.push(function() { if (window.dfp_visibility == 'mobile' ) { googletag.display('dfp-hybrid1-mobile'); googletag.pubads().addEventListener('slotRenderEnded', function (event) { var adUnitPath = '/21662595662/utilitydive/utilitydivehybrid1'; var onProformative = false; if (onProformative && event.slot.getAdUnitPath() === adUnitPath && !event.isEmpty ) { var adUnitPathWithVisibility = adUnitPath + '-mobile'; var selector = '.pf-comments__ad-wrapper [data-container-ad-unit-id="' + adUnitPathWithVisibility + '"]'; if (!$(selector).closest('.pf-comments__ad-wrapper').hasClass('borders')) { $(selector).closest('.pf-comments__ad-wrapper').addClass('borders') } } }); } }); }); </script> </div> </div> </div> </div> <div class="hybrid-ad-wrapper hide-small show-large"> <div class="hybrid-ad-inner-wrapper"> <div class="hide-small show-large"> <div data-container-ad-unit-id="/21662595662/utilitydive/utilitydivehybrid2-desktop"></div> <div id="dfp-hybrid2-desktop"> <script> waitToLoadAds.push(function() { googletag.cmd.push(function() { if (window.dfp_visibility == 'desktop' ) { googletag.display('dfp-hybrid2-desktop'); googletag.pubads().addEventListener('slotRenderEnded', function (event) { var adUnitPath = '/21662595662/utilitydive/utilitydivehybrid2'; var onProformative = false; if (onProformative && event.slot.getAdUnitPath() === adUnitPath && !event.isEmpty ) { var adUnitPathWithVisibility = adUnitPath + '-desktop'; var selector = '.pf-comments__ad-wrapper [data-container-ad-unit-id="' + adUnitPathWithVisibility + '"]'; if (!$(selector).closest('.pf-comments__ad-wrapper').hasClass('borders')) { $(selector).closest('.pf-comments__ad-wrapper').addClass('borders') } } }); } }); }); </script> </div> </div> </div> </div> <h3>Dive Insight:</h3> <p><span><span><span><span><span><span>Total revenue for Schneider Electric’s energy management group organically rose </span></span></span></span></span></span><span><span><span><span><span><span><span>11.6%</span></span></span></span></span></span></span><span><span><span><span><span><span> year over year, to approximately </span></span></span></span></span></span><span><span><span><span><span><span><span>$8.3 billion</span></span></span></span></span></span></span><span><span><span><span><span><span> in the third quarter. The energy management group’s revenue reached about $24.2 billion in the first three quarters, growing 10.1% organically year over year, per the release. </span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Growth in both U.S. product revenues and field services fueled energy management revenue growth in North America, </span></span></span></span></span></span><a href="https://www.se.com/ww/en/assets/564/document/494533/presentation-Q3-revenues-2024.pdf?p_enDocType=presentation&p_File_Name=2024%20Q3%20financial%20results%20presentation"><span><span><span><span><span><span><span><span>Schneider Electric said in its earnings presentation</span></span></span></span></span></span></span></span></a><span><span><span><span><span><span>. </span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Schneider Electric’s products business, which generated 51% of third-quarter revenue, organically grew </span></span></span></span></span></span><span><span><span><span><span><span><span>2% ye</span></span></span></span></span></span></span><span><span><span><span><span><span>ar over year, while its systems business, 31% of third-quarter revenue, organically grew 19% year over year in that period. Field services revenue, </span></span></span></span></span></span><span><span><span><span><span><span><span>11%</span></span></span></span></span></span></span><span><span><span><span><span><span> of total third-quarter revenue, organically grew 9% year over year, the company said.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Schneider Electric’s buildings end market continues to drive performance due to robust demand in non-residential and technical buildings, including those in the healthcare and retail segments. This growth reflects the group’s “comprehensive offers across medium and low-voltage technologies,” building management systems and its </span></span></span></span></span></span><a href="https://www.facilitiesdive.com/news/schneider-electric-upgrades-cloud-based-energy-management-platform/721628/"><span><span><span><span><span><span><span><span>EcoStruxure </span></span></span></span></span></span></span></span></a><span><span><span><span><span><span>advisors products to </span></span></span></span></span></span><a href="https://www.facilitiesdive.com/news/schneider-electrics-building-decarbonization-tool-aims-to-ease-regulatory/728045/"><span><span><span><span><span><span><span><span>boost building energy efficiency, decarbonization</span></span></span></span></span></span></span></span></a><span><span><span><span><span><span>, reliability, availability, comfort and safety, Schneider Electric said in its earnings release. </span></span></span></span></span></span></p> <div class="ed-bynumbers"> <div class="ed-bynumbers__title">By the numbers</div> <div class="ed-bynumbers__item"> <div class="ed-bynumbers__square"> </div> <div class="ed-bynumbers__number">18.3%</div> <div class="ed-bynumbers__text"><span><span><span><span><span><span>Organic year-over-year growth in Q3 energy management revenue across North America</span></span></span></span></span></span></div> </div> <div class="ed-bynumbers__item"> <div class="ed-bynumbers__square"> </div> <div class="ed-bynumbers__number">15.1%</div> <div class="ed-bynumbers__text"><span><span><span><span><span><span>Organic year-over-year growth in Q3 revenue in the North America region</span></span></span></span></span></span></div> </div> <div class="ed-bynumbers__item"> <div class="ed-bynumbers__square"> </div> <div class="ed-bynumbers__number">11.6%</div> <div class="ed-bynumbers__text"><span><span><span><span><span><span>Organic year-over-year growth in total energy management revenue in Q3</span></span></span></span></span></span></div> </div> </div> <p><span><span><span><span><span><span>In its data center and networks end market, sales growth in pure data centers “was relatively stronger” than that of distributed IT products sold through independent channels into the business-to-business and business-to-consumer markets, the company said. North America and the Asia-Pacific region led the data center growth, with “strong contribution from Internet Giants and large colocation providers,” it said. </span></span></span></span></span></span></p> <p><span><span><span><span><span><span>The company also “continues to benefit” from its end-to-end portfolio, including data center cooling solutions, furthered by its recently announced agreement to </span></span></span></span></span></span><a href="https://www.facilitiesdive.com/news/schneider-electric-to-buy-controlling-stake-in-motivair/730423/"><span><span><span><span><span><span><span><span>buy a 75% stake in data center cooling firm</span></span></span></span></span></span></span></span></a><span><span><span><span><span><span> Motivair, according to its earnings release. That deal, subject to regulatory approvals and slated to close in 2025, will “enhance our thermal management abilities to ensure we’re ready to meet all data centers,” Maxson said on the call.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Maxson alluded to strong growth in recurring revenues and energy management software and noted that the company is “well on track for a success in shifting our software business model to subscription.”</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>For the fourth quarter, Schneider Electric expects continued strength in market demand and trends in data centers, a continued focus on subscription transition in software and growth in services as the company executes capacity investments to “support unprecedented high demand, especially in North America,” according to its earnings presentation. </span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Maxson noted that demand recovery has begun, with growth signs emerging globally, except in Asia. “And we expect this demand recovery to continue, particularly as interest rates slowly decline,” Maxson said.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Separately, Schneider announced on Nov. 4 that it had <a href="https://www.utilitydive.com/news/schneider-electric-replaces-ceo-peter-herweck-amid-strategic-execution-issue/732175/">replaced CEO Peter Herweck</a> amid strategic execution issues and that it </span></span></span></span></span></span>was <a href="https://www.utilitydive.com/news/schneider-electric-investigating-cyber/732021/">investigating a cyber incident</a> following claims by a suspected threat actor that it had gained access to company data. </p> <div class="editor-note"> <p><strong>Editor’s Note:</strong> This story has been updated with additional company developments in the last paragraph.</p> </div> <p><em>Interested in more facilities management news? </em><em><a href="https://www.facilitiesdive.com/link/6320/?utm_campaign=Facilities-Dive-Clones-In-Article-Promo08082024" rel="noopener noreferrer" target="_blank">Sign up for Facilities Dive’s newsletter today</a></em><em>.</em></p> </div> <div class="reading-list recommended-reading"> <h3 class="sidebar-box__header reading-list__header">Recommended Reading</h3> <ul class="list-no-bullets"> <li class="reading-list__item"> <a href="https://www.facilitiesdive.com/news/schneider-electrics-q2-revenue-in-north-america-soars-amid-growth-in-energ/723313/" target="_blank" class="reading-list__link analytics t-article-end-recommended"> Schneider Electric’s Q2 revenue in North America soars amid growth in energy management </a> <span class="label label--soft"> <img src="/static/img/offsite_black.png?102717100918" class="off-site-link" alt="offsite link" width="12" height="12" /> <span>Facilities Dive</span> </span> 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sizes="(min-width: 40em ) 25vw, 100vw" alt="A worker installs solar panels at the construction site of a new solar energy park as wind turbines spin behind on April 06, 2023 near Prenzlau, Germany." loading="lazy" > </a> <figcaption> <img class="feed__attribution-icon" src="/static/images/info-icon.png?234917240220" width="16" height="16" alt="Image attribution tooltip" tabindex="0"> <div class="feed__attribution">Sean Gallup via Getty Images</div> <img class="feed__attribution-icon" src="/static/images/info-icon.png?234917240220" width="16" height="16" alt="Image attribution tooltip" tabindex="-1"> </figcaption> </figure> </div> <div class="medium-7 columns"> <h3 class="feed__title feed__title--display"> <a href="/news/solar-ppa-prices-flat-wind-prices-continue-to-rise-levelten-energy/721844/" class="analytics t-edfooter-edpicks-1"> Solar PPA prices flat, wind prices continue to rise: LevelTen Energy </a> </h3> <p class="feed__description hide-small show-large">Wind PPA prices have increased 13.5% year over year after rising for three consecutive quarters, according to data from the LevelTen Energy marketplace.</p> <div class="secondary-label"> By Emma Penrod • <span class="secondary-label">July 19, 2024</span> </div> </div> </li> <li class="row feed__item"> <div class="medium-5 columns"> <figure class="feed__image-container"> <a class="feed__image analytics t-edfooter-edpicks-2" href="/news/firstenergy-pjm-capacity-market-earnings/723011/"> <img class="" src="https://imgproxy.divecdn.com/WYuIZDHCq_y1vR2L4VaqDqftcvDzxqmNti4ic9BNQd0/g:ce/rs:fill:1200:675:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS81MzQxMjY3MTUxM19kZDRlYjJkZWE2X28uanBn.webp" width="1200" height="675" srcset="https://imgproxy.divecdn.com/a1sE72vO6vMv3yTY_Cn9erUlnywEmx0BgaimbjmnZ1o/g:ce/rs:fill:300:169:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS81MzQxMjY3MTUxM19kZDRlYjJkZWE2X28uanBn.webp 300w, 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src="/static/img/offsite.svg?141716111021" class="off-site-link" alt="offsite link" height="12" width="12" loading="lazy"> </a> </li> </ul> <a class="analytics t-wwr-sidebar-all sidebar-box__cta" aria-label="View all what we are reading items" href="/what-we-are-reading">View all</a> </div> <div class="sidebar-box hide-small show-large" data-box-priority="10"> <h3 class="sidebar-box__header">Events</h3> <ul class="sidebar-box-list"> <li class="sidebar-box-list__item flex"> <div class="sidebar-box-list__events-date "> <span class="sidebar-box-list__events-date__day "> 26 </span> <span class="sidebar-box-list__events-date__month "> NOV </span> </div> <div class="sidebar-box-title-container__events"> <span class="label label--soft"> Conference </span> <a class="analytics t-events-sidebar-item sidebar-box-list__item-title sidebar-box-list__item-title--spaced" href="https://bit.ly/3AupCjE" target="_blank" rel="noopener noreferrer">Large Scale Solar Central and Eastern Europe </a> <span class="label label--weak">Warsaw, Poland </span><br> <span class="label label--weak-italic">Presented by Solar Media</span> </div> </li> <li class="sidebar-box-list__item flex"> <div class="sidebar-box-list__events-date "> <span class="sidebar-box-list__events-date__day "> 03 </span> <span class="sidebar-box-list__events-date__month "> DEC </span> </div> <div class="sidebar-box-title-container__events"> <span class="label label--soft"> Conference | 8 a.m. ET </span> <a class="analytics t-events-sidebar-item sidebar-box-list__item-title sidebar-box-list__item-title--spaced" href="https://www.latitudemedia.com/events/transition-ai-2024" target="_blank" rel="noopener noreferrer">Transition-AI 2024 </a> <span class="label label--weak">Arlington, Virginia </span><br> <span class="label label--weak-italic">Presented by Latitude Media</span> </div> </li> <li class="sidebar-box-list__item flex"> <div class="sidebar-box-list__events-date "> <span class="sidebar-box-list__events-date__day "> 06 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class="pressrelease-footer-item__description"> <div class="pressrelease-footer-item__company"> <div>From Fix the Grid Campaign</div> <div class="press-release-date">November 06, 2024</div> </div> </div> </div> </a> <a class="pressrelease-footer-item__anchor analytics t-pr-edfooter-item" href="/press-release/20241107-heat-pump-assisted-water-heater-technology-could-make-big-lift/"> <div class="large-3 columns pressrelease-footer-item js-pressrelease" data-pressrelease-full-url="https://www.utilitydive.com/press-release/20241107-heat-pump-assisted-water-heater-technology-could-make-big-lift/"> <div class="pressrelease-footer-item__title"> Heat Pump Assisted Water Heater Technology Could Make Big Lift </div> <div class="pressrelease-footer-item__description"> <div class="pressrelease-footer-item__company"> <div>From Energy Solutions</div> <div class="press-release-date">November 07, 2024</div> </div> </div> </div> </a> <a class="pressrelease-footer-item__anchor analytics t-pr-edfooter-item" href="/press-release/20241121-utility-broadband-alliance-2024-summit-plugfest-shatters-attendance-miles/"> <div class="large-3 columns pressrelease-footer-item js-pressrelease" data-pressrelease-full-url="https://www.utilitydive.com/press-release/20241121-utility-broadband-alliance-2024-summit-plugfest-shatters-attendance-miles/"> <div class="pressrelease-footer-item__title"> Utility Broadband Alliance 2024 Summit & Plugfest Shatters Attendance Milestone </div> <div class="pressrelease-footer-item__description"> <div class="pressrelease-footer-item__company"> <div>From Utility Broadband Alliance</div> <div class="press-release-date">November 21, 2024</div> </div> <span> <img alt="Utility Broadband Alliance logo" class="pressrelease-footer-item__logo" height="50" loading="lazy" src="https://res.cloudinary.com/dmgi9movl/image/upload/dpr_2.0,h_50,w_50/v1732208254/press_release/assets/company_logos/logo-web-color_jcwyt2.png" width="50"/> </span> </div> </div> </a> <a 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Schneider Electric’s North America growth drives Q3 revenue, led by energy management | Utility Dive