Compelling investment thesis
Sizable backlogs and pricing provide clear revenue visibility
Plans to deliver through- cycle margin expansion across segments
Strong segments support balanced returns
Expect significant free cash flow and disciplined capital allocation, anchored in shareholder value
2028 targets:
Avg. FCF conversion (1)
Revenue
Adj. operating margin*
Adj. EPS*
* Non-GAAP results. See appendix for reconciliation to GAAP results. Note: All estimates exclude future M&A activities. (1) Net cash provided by operating activities less additions to property, plant and equipment, divided by net income.
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