| FY24 Outlook1 | |
| Shipbuilding Revenue2 | $8.8B – $9.1B |
| Shipbuilding Operating Margin2 | 7.6% – 7.8% |
| Mission Technologies Revenue | $2.7B – $2.75B |
| Mission Technologies Segment Operating Margin2 | 3.0% – 3.5% |
| Mission Technologies EBITDA Margin2 | 8.0% – 8.5% |
| Operating FAS/CAS Adjustment | ($63M) |
| Non-current State Income Tax Benefit/Expense4 | ~$0M |
| Interest Expense | ($90M) |
| Non-operating Retirement Benefit | $178M |
| Effective Tax Rate | ~21% |
| Depreciation & Amortization | ~$350M |
| Capital Expenditures | ~5.3% of Sales |
| Free Cash Flow2, 3 | $600M – $700M |
RBC Capital Maintains Outperform on Tortoise Power & Energy, Lowers Price Target to $28
RBC Capital analyst Luke Davis maintains Tortoise Power & Energy (NYSE:TPZ) with a Outperform and lowers the price target from $30 to $28.
