|
2023 |
2022 |
|||||||
|
Q3 |
Q2 |
Q3 |
||||||
Adjusted EBITDA (in millions) |
$ |
45.4 |
|
$ |
43.7 |
|
$ |
39.7 |
|
Divided by Total Net Sales (in millions) |
|
229.1 |
|
|
230.8 |
|
|
247.2 |
|
Adjusted EBITDA Margin |
|
19.8 |
% |
|
18.9 |
% |
|
16.0 |
% |
*Values in table may not add due to rounding. |
Reconciliation of net cash provided by (used in) operating activities to free cash flow*:
|
2023 |
2022 |
|||||||
(amounts in millions) |
Q3 |
Q2 |
Q3 |
||||||
Net cash provided by (used in) operating activities |
$ |
42.0 |
|
$ |
15.7 |
|
$ |
13.5 |
|
Non-acquisition capital expenditures |
|
(6.7 |
) |
|
(11.5 |
) |
|
(33.8 |
) |
Free cash flow |
$ |
35.3 |
|
$ |
4.2 |
|
$ |
(20.3 |
) |
*Values in table may not add due to rounding. |
Reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share guidance for the 2023 fourth quarter:
|
Guidance
|
| GAAP earnings per diluted share |
$0.71 to $0.91 |
|
|
|
| Discrete items |
$0.06 |
|
|
|
| Acquisition intangible amortization |
$0.13 |
|
|
|
| Adjusted earnings per diluted share |
$0.90 - $1.10 |
