Sees FY25 free cash flow $500M. Patrick Hallinan, executive VP and CFO, commented, “In a dynamic environment with reduced visibility, we are remaining nimble and planning for a range of scenarios in 2025. We intend to implement pricing actions judiciously to preserve our long term margin journey and our ability to continue to meet the needs of our end users, while we respond decisively with operational and supply chain initiatives. If the demand environment shifts, we expect to adjust our costs and inventory to protect earnings power and cash flow, while preserving our growth investments. Our top priorities remain generating cash and restoring balance sheet strength, margin expansion, and to position the Company for long term growth and value creation.”
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