Remington Sees Positive Cash Flow in FY19
Projections included in an amended agreement between its bondholders and the company disclose that Remington had negative unlevered free cash flow of $1.9 million in FY17 on sales of $601.9 million and expects unlevered negative cash flow of $49.9 million this year on sales of $653.0 million, but sees sales rising to $732.2 million the following year with unlevered free cash flow of $15.9 million. By FY22, Remington projects unlevered free cash flow of $82.0 million on sales of $855.0 million. The projections are part of an extension of the ... Log in to view full article.