Tuesday, August 03, 2010 8:52:28 AM
"With the significant operating momentum we achieved throughout the second quarter and experienced in July, the company is positioned for further growth, and we expect to achieve positive adjusted EBITDA in the third quarter of 2010 in excess of the second quarter," stated Zollars.
In addition, the company has the following expectations for 2010:
-- Gross capital expenditures in the range of $30 million to $50 million
-- Excess real estate sales of approximately $50 million
-- Sale and financing leasebacks in the range of $40 million to $50 million
-- Interest expense in the range of $40 to $45 million per quarter, with
cash interest of $10 million to $12 million per quarter
-- Effective income tax rate of approximately 2%
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