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Management expects 2024 EPS to be in the range of $1.60 to $2.85 on a GAAP basis, and between $3.50 to $4.50 on an adjusted basis. Free cash flow* is expected to approximate $0.6 billion to $0.8 billion, significantly ahead of net income, as we continue to prioritize inventory reductions. Guidance assumes the previously announced Infrastructure divestiture closes at the end of first quarter 2024. Other guidance assumptions will be discussed in more detail on the upcoming earnings call.
The difference between 2024 GAAP and adjusted EPS* guidance is approximately $1.65 to $1.90, consisting primarily of charges related to the supply chain transformation under the Global Cost Reduction Program.
Posted In: SWK
