BETR from most recent ER
"Overperformance" not bad...
Outlook
For the full year 2017 the Company reiterated its financial guidance for Net Sales and Adjusted EBITDA and as a result of a higher than planned tax rate, due to overperformance of our North America Segment relative to our International Segment, the Company updated its annual adjusted EPS guidance:
Net sales of $404 million to $420 million
Adjusted EBITDA of $103 million to $111 million
Cash and non-cash interest expense of approximately $43 million to $45 million
Effective tax rate (non-GAAP) of 37% to 39%
Adjusted EPS (non-GAAP) of $0.42 to $0.50
Fully diluted share count of approximately 77.0 million shares
The Company’s outlook assumes an estimated foreign currency exchange rate of 1.24 USD:GBP
As a result of the timing of planned distribution and sales gains across the Company’s business segments, it expects the rate of year-over-year growth for both sales and profitability to increase as the year progresses. The Company continues to expect to generate approximately 45% of its annual 2017 net sales in the first half of 2017 and 55% in the second half of 2017 and expects to generate approximately 40% of its Adjusted EBITDA contribution in the first of 2017 and 60% in the second half of 2017.
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