School Specialty, Inc. Provides Earnings Guidance for the Year 2017
November 09, 2017 at 09:00 am
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School Specialty, Inc. provided earnings guidance for the year 2017. The company expects to finish the year strong and are confident in guidance that to deliver adjusted EBITDA at the high end of range, or approximately $54 million. For the full year, cash interest expense is expected to be down year-over-year by approximately $2.8 million. With respect to income taxes, year-to-date effective tax rate was 19.8%. This approximates current estimate for the full year effective tax rate as well as cash tax rate for 2017. This is higher than previous tax estimates, which were approximately 5%.
SSI Liquidating, Inc., formerly School Specialty, Inc. (SSI), is a distributor of supplies, furniture, technology products, supplemental learning products (instructional solutions) and curriculum solutions, primarily to the education marketplace. It designs, develops and provides educators with its own products and services. Its segments include Distribution and curriculum. Distribution segment offers products that include basic classroom supplies and office products, supplemental learning materials, physical education equipment and classroom technology. Curriculum segment is a PreK-12 curriculum-based publisher of products in the categories of science and reading and literacy. Through its SSI Guardian subsidiary, the Company provides curriculum, training and safety and security products for school, healthcare and corporate workplace. Its SOAR life products are a customized offering for hospitals, long-term care, therapeutic facilities, home care, surgery centers and clinics.
SCHOOL SPECIALTY, LLC 
