The company said it reaffirmed its 2025 guidance and presented, on an adjusted basis for 2026 and 2027, an operating margin of ~25% by 2027, annual high-single digit EPS growth, and free cash flow conversion of greater than 100%.

1. 01

   The company said it reaffirmed its 2025 guidance and presented, on an adjusted basis for 2026 and 2027, an operating margin of ~25% by 2027, annual high-single digit EPS growth, and free cash flow conversion of greater than 100%.

2. 02

   The company presented adjusted net cash provided by operating activities (non-GAAP) of $5.2 billion to $5.3 billion, adjusted free cash flow of $4.1 billion to $4.3 billion, and adjusted free cash flow conversion of ~100% for 2025.

3. 03

   The company disclosed that its full-year 2024 total net sales are $24,575 million on a GAAP basis and $23,630 million adjusted for special items, with an adjusted operating margin of 21.4% and adjusted diluted EPS from continuing operations of $7.30.

4. 04

   The company set out a capital deployment framework to return at least $10 billion in cash to shareholders over the outlook period. It also said its net pre-tax cash payments for significant litigation in 2024 were approximately $4.5 billion.

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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