Capital ExpendituresManagement introduced a capex guidance for 2024 of $50-70M, which currently stands above estimates and implies a meaningful step up in the subsequent quarters, likely implying lower free cash flow generation for the remainder of the year.
Regulatory ChangesThere are concerns about regulatory changes that could impact the company's operations.
Sales OutlookManagement maintained its relatively conservative 2024 outlook, reiterating guidance of flattish sales in the middle of the year and resumption in growth by the end of the year.