2024 Outlook
Based on our performance during the first half of 2024 and both current and anticipated market conditions, the Company's full-year targets for 2024, as compared with those targets that have been previously provided are as follows. Refer to the Supplemental Slides for additional detail.
| Previous Targets | Updated Targets | |||
| Revenue | $9.9+ billion | $9.9+ billion* | ||
| Adjusted Operating Margin | 22.5%-23.5% | 23.0%-23.5% | ||
| Adjusted Diluted EPS | $15.40-$17.00 | $16.00-$17.00 | ||
| Transformation Program Annual Cost Savings | ~$425 million | ~$450 million | ||
| Transformation Program Costs to Achieve | ~$1.125 billion | ~$1.175 billion | ||
| Non-Cash Pension Income | $88 million | $88 million* | ||
| Foreign-Currency Headwind on Adjusted Diluted EPS | $0.05 | $0.10 | ||
*No update to previous target.
Outlook includes Non-GAAP financial measures. We do not reconcile forward-looking Non-GAAP measures for reasons explained below.