Improving through-cycle performance
Average financial performance
FY10-FY16
FY17-FY20
FY21-2024
2028 (target)
+30%**
~$5.3-5.8
Global growth with favorable trends
•
+27%
$4.2
+12%
$3.3
$3.0
Sales $ in billions
Capitalizing on scale to drive procurement savings and regional configurations Growing into strong resilient businesses reduces cyclicality
•
•
+390bps**
~14-16%
12.3%
Adj. OI margin*
11.5%
11.1%
* Non-GAAP results. See appendix for reconciliation to GAAP results. ** Calculated based on midpoint of 2028 target range.
Improving across economic cycles
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