USG Reveals Midterm Financial Guidance at Its Inaugural Investor Day; We Raised Our FVE to $38
USG’s investor day was a significant event for two reasons. First, USG had never before held a meeting like this, and second, management shared detailed midterm financial targets for key operating metrics, such as segment operating margins and consolidated free cash flow. Management’s willingness to share such detailed financial projections with the investment community was notable given that the firm has historically avoided providing such a comprehensive outlook to investors. We think this dep...
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