The company said, “We expect Free Cash Flow of at least $310M, inclusive of $25M incremental year-over-year cash taxes and $9M of EnVe related CapEx which will not recur in 2026 ($5M of which is incremental year-over-year). On a comparable basis, this implies Free Cash Flow growth of at least 20% year-over-year. Based on the current mix of share classes and current U.S. corporate tax rates, we expect FY25 GAAP tax rates to range between 17-20%.
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