Future GuidanceThe guidance for F2025 is below Street estimates at the midpoint, likely due to stranded costs and better profitability in certain segments.
Margin PressureNA field margins lighter despite solid organic growth, with segment margin -40bps lower yoy to 15.4%.
Restructuring CostsF2025E EPS below Street at midpoint, despite $0.15+/share of favorable below-line items, likely attributable to stranded costs and better R&LC profitability.