Adjusted free cash flow outlook set at USD 305-325 million, targeting about 50% conversion.
Q3 2026 leverage ratio shown at 1.1x.
Guidance assumes depreciation and amortization of USD 230 million, adjusted capital expenditures of USD 155 million, cash interest expense of USD 40 million.
Cash tax expense assumption cut to USD 40 million from USD 80 million; working capital expected to be a USD 10 million use.
GEF•
