Question · Q1 2025
Stephen Percoco asked for the outlook on restructuring expenses, clarification on whether the $15 million in post-SGK corporate savings is additional to the $50 million program, and the expected impact on operating cash flow for the year.
Answer
CFO Steven Nicola confirmed that additional restructuring costs are expected but should decline. He clarified that the potential $15 million in corporate savings is additive to the current $50 million program but would be realized after the SGK transaction closes and transition services end. He also affirmed the expectation for positive operating cash flow for the remainder of the fiscal year, noting Q1 is seasonally the slowest quarter.
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