Consensus $9.78. Backs FY24 revenue view up 3%-5%, consensus $23.83B. Sees FY24 effective tax rate 24%. Sees FY24 free cash flow $800M-$1B. “We are pleased with the start to 2024, which was highlighted by operating discipline that delivered improved overall earnings against a backdrop of low sales growth,” said Will Stengel, president and COO. “In Industrial, sales decreased low-single-digits, in-line with our expectations, as we were up against our most difficult comparative period for the year. In Automotive, the actions taken in our U.S. Automotive business are gaining traction, and we are encouraged by the sequential improvement in performance. This improvement, coupled with the solid performance of our other businesses, is reflected in our reaffirmed sales growth and improved earnings outlook for 2024.”
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