▪ Updated outlook reflects softer 2H-23 demand and continued inventory reductions $6.85 to $6.95 ▪ Unfavorable impact from lower production volumes and continued inflation in manufacturing and SG&A, partially offset by cost control actions >$400M Free cash flow outlook of ~$425M (up from prior outlook) Key Takeaways 11 ▪ Continued balanced and disciplined approach to capital allocation ▪ Updated 2023 outlook ▪ Close on iMECH acquisition; integrate other recent acquisitions and drive synergies ▪ Continue to ...