Sees FY23 Adjusted EBITDA of $785 to $865 million; Adjusted EBITDA margin of 12.2% to 12.6%; Effective income tax rate of 18% to 20%. "We are confident that we are well positioned to capitalize on municipal infrastructure tailwinds, particularly as water utilities begin to accelerate repair and replacement work supported by the federal infrastructure bill," LeClair said. "We expect to continue driving above market growth and gaining market share through our product, customer and geographic expansion initiatives. We expect net sales to range from $6,455 to $6,875 million for fiscal 2023, and we expect gross margin to normalize without the benefit we saw in 2021 and 2022 due to our strategic inventory investments and preferred access to products. Accordingly, we expect Adjusted EBITDA to be in the range of $785 to $865 million, providing a new foundation for further EBITDA margin improvement over the long term."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CNM:
