We will release earnings on December 9, 2025, covering the three-month period of August 1, 2025 through October 31, 2025. We plan to announce our five-month transition period results in late February 2026.
As a result of this change, we are providing guidance for the 2025 calendar year. Markets remain uncertain but we expect mid-single digit revenue growth with an adjusted operating margin range of 9.2% to 9.6% for the full year.
Calendar 2024 Actuals January 1 - December 31, 2024 (Unaudited) | Calendar 2025 Guidance January 1 - December 31, 2025 | |
| Net sales | $29.8 billion | Mid-single digit growth |
| Adjusted operating margin* | 9.1% | 9.2% - 9.6% |
| Interest expense | $180 million | $180 - $200 million |
| Capital expenditures | $328 million | $300 - $350 million |
| Adjusted effective tax rate* | ~26% |