The Company "expects its effective tax rate for 2023 to be approximately 24% to 25% as compared to the effective tax rate for 2022 of 28.1%. The Company currently estimates that free cash flow in 2023 will be approximately $425M as compared to $368.2M in 2022. Free cash flow in 2023 is expected to benefit from strong operating performance and improvements in working capital, partially offset by higher interest payments as a result of higher interest rates. Capital expenditures are expected to be approximately $250M in 2023."
Published first on TheFly
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