The company states: “During our Investor Day last December, we announced that we expected to increase our 2026 operating income by $350 to $450 million versus our 2023 adjusted operating income(1) of $553 million,” said Chief Financial Officer, Damon Lee. “Based on the confidence in our strategy, our disciplined execution, and our significant runway for further improvement, we are increasing that target today by roughly $50 million despite market dynamics that have created greater headwinds than we originally anticipated. This results in a new 2026 operating income target range of $965 million to $1.04 billion. The bottom end of this range, which assumes zero market volume growth, equates to approximately $6 of earnings per share.”
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