Annual Outlook:
- Sales expected to be $2.0 – $2.08 billion, including a currency headwind of approximately $130 million
- Adjusted EPS is expected to be $1.30 – $1.70
- Pricing actions expected to offset raw material costs, wages and general inflation
- Free operating cash flow at approximately 100 percent of adjusted net income
- Primary working capital as a percent of sales maintained at 31 – 33 percent throughout the year
- Capital spending expected to be $100 – $120 million
- Adjusted ETR is expected to be 26 – 28 percent
- $200 million three-year share repurchase program to continue
The Company will provide more details regarding its Outlook during its quarterly earnings conference call.