As it turns out, management now expects the return to LT EBIT margins to be extended out to 2024
Whilst revenue guidance ($32.5B to $33B) for 2022 has been reaffirmed, both EPS and EBIT expectations were tapered with an expected 200bps of incremental pressure headed their way
As such, we can expect EBIT to reach 16.5% in 2022 (a slight improvement on 2021), before expanding across both 2023/2024.
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