Item 2.02 Results of Operations and Financial Condition
In connection with a presentation to be made at an investor conference on
Full Year 2021 Financial Guidance Net revenue Approximately$2.1 billion Adjusted EBITDA (1)$530 million -$550 million Adjusted diluted EPS (2)$0.78 -$0.88 Operating cash flow$220 million -$250 million Capital expenditures$50 million -$60 million Weighted average diluted shares outstanding (3) Approximately 304 million
(1) Includes 100% of EBITDA from the
(2) Accounts for 35% non-controlling interest in
federal tax rate of 21%.
(3) Assumes the weighted average diluted shares outstanding of class A and class
B common stock under the if-converted method.
The Company cannot provide a reconciliation of projected adjusted EBITDA to
projected net income, nor a reconciliation of projected adjusted diluted EPS to
projected EPS under
The forward-looking statements herein provide projected information based on the
Company's current estimates and expectations and remain subject to change and
finalization based on management's ongoing review of results of the quarter and
completion of all year- and quarter-end close processes. The Company cautions
investors that if the estimates, expectations or assumptions underlying the
forward-looking statements contained herein prove inaccurate or if other risks
or uncertainties arise, actual results could differ materially from those
expressed in, or implied by, these forward-looking statements. Other factors
that could cause actual results to differ materially from the forward-looking
statements contained herein are discussed under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's most recent annual report on Form 10-K filed with
the
Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information contained in, or incorporated into, Item 2.02 and Item 7.01, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.
Item 7.01 Regulation FD Disclosure
The disclosure in Item 2.02 hereof is incorporated by reference into this Item 7.01.
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