The company said it reaffirmed its outlook for the full year and March quarter, as previously provided on January 12, 2024, at the J.P. Morgan Industrials Conference. The company said it expects year-over-year total revenue growth for the March quarter to be in the top half of the initial guidance range.

1. 01

   The company said it reaffirmed its outlook for the full year and March quarter, as previously provided on January 12, 2024, at the J.P. Morgan Industrials Conference. The company said it expects year-over-year total revenue growth for the March quarter to be in the top half of the initial guidance range.

2. 02

   The company provided its full-year 2024 outlook (FY24), with earnings per share of $6 to $7, free cash flow of $3 to $4 billion, and Adjusted Debt to EBITDAR of 2x to 3x.

3. 03

   The company said its outlook for Q1 2024 (1Q24) calls for total revenue growth of 3% to 6% year over year, an operating margin of approximately 5%, and earnings per share of $0.25 to $0.50.

4. 04

   The company expects total revenue of $13.3 billion to $13.65 billion for the 3 months ended March 31, 2024. Adjusted revenue, excluding third-party refinery sales of approximately $1.1 billion, is projected at $12.2 billion to $12.55 billion. The company said its operating margin is approximately 4%, and approximately 5% after adjustment.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.