“On a quarterly basis, the first two quarters look a lot alike with very strong third and fourth quarters.”

In context

“in 2024. In technologies, 2023 revenue was stronger than anticipated in both businesses. 2024 revenue is expected to be up about 1% to $13 billion. Within the group, GDIT will be up low single digits, emissions systems will be down slightly due to a transition from legacy systems and a slow ramp up on new programs. Operating margins are expected to improve 20 basis points to about 9.5%. We see long term low single digit growth for the group and continued industry leading margins. So for 2024 company wide, we expect to see revenue of approximately $46.3 billion to $46.4 billion, an increase of around 9.5%. We anticipate operating margin of 11% up 100 basis points from 2023. All this rolls up to an EPS forecast of around $14.40. A reasonable range would be $14.35 billion to $14.45 billion. On a quarterly basis, the first two quarters look a lot alike with very strong third and fourth quarters. In summary, as we go into this year, we feel very good about the demand environment across all of our businesses. It has been some time since I have seen stronger demand signals and better promise of organic growth. We also have some very good opportunities across the business to improve operating margins. All we must do is execute. It almost goes without saying that we will be laser focused on operations. Nicole, back to you. Nicole Shelton: Thanks, Phebe. As a reminder, we ask participants to ask one question and one follow up, so that everyone has a chance to participate. Operator, could you please remind participants how to enter the queue? Operator: [Operator instructions] We will take our first question from Myles Walton at Wolfe Research. Myles Walton: Thanks. Good morning. Phebe,”