2024 Outlook
The following tables summarize the fiscal year 2024 guidance framework. The 2024 outlook assumes approximately $500 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. Guidance figures are approximate.
2024 Q3
2024
Net Sales Growth
11% – 12.5% vs. $4.50B consensus
15% – 16% vs. $17.59B consensus
Underlying Sales Growth
3% – 4.5%
5.5% – 6.5%
Earnings Per Share
$0.92 – $0.96
$2.98 – $3.08
Amortization of Intangibles
~$0.36
~$1.43
Restructuring and Related Costs
~$0.07
~$0.32
Loss on Copeland Equity Method Investment
~$0.02
~$0.19
Amortization of Acquisition-related Inventory Step-up
—
$0.38
Acquisition / Divestiture Fees and Related Costs
~$0.01
~$0.23
Divestiture Loss / (Gain), net
—
($0.03)
Discrete Tax Benefits
—
($0.10)
Adjusted Earnings Per Share
$1.38 – $1.42 vs. $1.44 consensus
$5.40 – $5.50 vs. $5.40 consensus (prior $5.30-$5.45)
Operating Cash Flow
~$3.1B
Free Cash Flow
~$2.7B