The company reaffirmed its 2024 outlook, with organic revenue growth of 1% to 2% trending toward the lower end of the range, adjusted EBIT margin of 15.8% to 16.0%, adjusted EPS of $4.25 to $4.35, and free cash flow of approximately $1.8 billion.

1. 01

   The company reaffirmed its 2024 outlook, with organic revenue growth of 1% to 2% trending toward the lower end of the range, adjusted EBIT margin of 15.8% to 16.0%, adjusted EPS of $4.25 to $4.35, and free cash flow of approximately $1.8 billion.

2. 02

   At its Investor Day, the company presented medium-term targets for 2026-2028 of organic revenue growth of 4% to 6%, adjusted EBIT margin of high-teens to 20%+, and free cash flow conversion of 90%+.

3. 03

   The company said its Board of Directors declared a quarterly cash dividend of $0.035 per share of common stock for Q4 2024, an increase of 17% from the previous quarter. It said the dividend will be paid on February 14, 2025 to shareholders of record as of January 14, 2025.

4. 04

   The company said it will hold its Investor Day on November 21, 2024 at the Nasdaq MarketSite in New York. Its discussion topics include financial and operational progress since the spin-off, growth opportunities by business segment, its innovation pipeline, and its AI and digital strategy.

Analysis scope · Filing body and confirmed press-release exhibitWe 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

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