Mar. 19 at 8:24 PM
$SCHL
🚨
Board Authorizes Planned
$200 Million Modified Dutch Auction Tender Offer as Part of
$300 Million Total Share Repurchase Authorization
Company Establishes Long-Term Net Leverage Target of 2.0-2.5x Adjusted EBITDA, Consistent with Disciplined Approach to Balance Sheet
The Company has reaffirmed its outlook for full-year Adjusted EBITDA and free cash flow (both defined in the accompanying tables) which include adjustments for the sale-leasebacks of its major real estate assets.
The outlook for full-year Adjusted EBITDA remains
$146 million to
$156 million, including the
$14 million partial-year impact from these highly accretive transactions on rental income and expense.
Fiscal 2026 free cash flow is forecasted to exceed
$430 million, reflecting proceeds from the sale of the Company's real estate assets.
The Company expects full-year revenue to be approximately flat with the prior year, reflecting year-to-date softness in Education and strong comps in Trade a year ago.
