2026 guidance

For the full-year 2026, guidance is as follows:

  • Organic revenue growth of 3.0% to 4.0% year-over-year; unchanged
  • Adjusted EBIT margin of 15.4% to 15.7%, reflecting an expansion of 10 bps to 40 bps year-over-year; this compares to previous Adjusted EBIT margin guidance of 15.8% to 16.1%
  • Adjusted effective tax rate (ETR) in the range of 20.0% to 21.0%; unchanged
  • Adjusted EPS in the range of $4.80 to $5.00, representing 4.6% to 9.0% growth year-over-year; this compares to previous Adjusted EPS guidance in the range of $4.95 to $5.15
  • Free cash flow* of approximately $1.6 billion, in-line with profit outlook; this compares to previous guidance of approximately $1.7 billion

Expect tariff impact in 2026 to be lower than 2025. While the Company has begun to apply for refunds in the new Customs and Border Patrol portal, no International Emergency Economic Powers Act (IEEPA) tariff refund is assumed in guidance. Guidance includes contribution from Intelerad as of March 18, 2026.