LSC Communications, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Re-Affirms Earnings Guidance for the Full Year of 2018; Reports Impairment Charges for the First Quarter Ended March 31, 2018
The company re-affirmed earnings guidance for the full year 2018. For the period, the company expects net sales to be in the range of $3.8 billion to $3.9 billion. Non-GAAP adjusted EBITDA expected to be in the range of $320 to $360 million. Depreciation and amortization expected to be in the range of $135 to $145 million. Interest expense expected to be in the range of $72 to $76 million. Non-GAAP effective tax rate expected to be in the range of 25% to 29%. Capital expenditures expected to be in the range of $65 to $75 million. Free cash flow expected to be in the range of $120 to $160 million.
For the quarter, the company reported impairment reduction of $1 million.