Sees FY23 revenue $2.95B-$3.00B, consensus $3B. Sees FY23 operating cash flow of over $300M compared to $88M in FY22); and capital expenditures of approximately $75M, compared to $40M in FY22. FY23 forecast assumes: In the second half, improved demand trend as inflation moderates; Gross margin expansion, driven by improved price realization and lower transportation and inventory-related costs; Comparable SG&A dollars; Lower interest expense and higher effective tax rate; and continued return of excess capital.
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