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Outlook: For the third quarter of 2023:
- Net sales of $320 million to $330 million vs. consensus of $325.35M.
- Adjusted gross profit margin of approximately 35.5%.
- Adjusted SG&A expenses of approximately $84 million.
- Adjusted Interest & Other expenses of approximately $10 million.
- An adjusted effective tax rate of approximately 31%.
- Fully diluted weighted average share count of approximately 58.2 million shares.
For the full fiscal year 2023:
- Net sales of $1.285 billion to $1.310 billion vs. consensus of $1.29B.
- Adjusted gross profit margin of 34.0% to 34.5%.
- Adjusted SG&A expenses of approximately $336 million.
- Adjusted Interest & Other expenses of approximately $37 million.
- An adjusted effective tax rate of approximately 29%.
- Capital expenditures of approximately $32 million.
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