Sees adjusted EBITDA $90M-$110M, capex $35M-$40M. The Company’s financial outlook reflects: The impact of macroeconomic uncertainty on consumer spending and demand, resulting in anticipated declines in the industry for U.S. new in-ground pool installations; Normalization of packaged pool channel inventory in the wholesale distribution channel from elevated levels, which is expected to remain a headwind through at least the first half of 2023; Continued progress executing our strategy to drive material conversion from concrete to fiberglass swimming pools; Benefits from previously announced cost reduction actions and continuous improvement initiatives; and Disciplined capital investments with a focus on the completion of projects for the Kingston, Ontario and Seminole, Oklahoma fiberglass manufacturing facilities.
Published first on TheFly
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