Transforming To Accelerate Organic Growth
Reducing
Complexity
by optimizing corporate structure, simplifying operating model and transforming supply chain...
Investing
in Core Growth
to advance innovation, electrification, market leadership and a more responsive supply chain...
Enhancing
Shareholder Return
by growing organic revenue 2-3X market, 35%+ adjusted gross margin by 2025 and 100%+ free cash flow conversion...
* Non-GAAP financial measure; non-GAAP financial measures should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures. Organic revenue growth, or organic growth, is defined as the difference between total current and prior year sales less the impact of companies acquired and divested in the past twelve months and any foreign currency impacts divided by prior year sales. Adjusted Gross Margin is GAAP Gross Margin excluding the impacts of acquisition-related and other charges. Free cash flow is defined as cash flow from operations less capital and software expenditures.
