F2025 GuidanceThe guidance for F2025 is below Street estimates at the midpoint, likely due to stranded costs and better profitability in certain segments.
Internal Execution ConcernsConcerns persist about internal execution following a history of inconsistent execution, despite steps in the right direction.
North America Field MarginsNA field margins lighter despite solid organic growth, with segment margin -40bps lower yoy to 15.4%.