Disciplined and focused investment to drive organic growth.
Acquisitions and investments that align with strategy and financial targets.
Declared dividend based on economic and business conditions.
(1)Working Capital excludes impact of CARES Act payroll tax deferrals.
Adequate capacity to execute strategy
Total capacity of $500M
Available Debt Capacity of $300M
Potential to increase capacity due to our healthy balance sheet
Solid FCF from operations
FCF largely funding M&A activity
Assume the DEBT/ LTM EBITDA leverage is not higher than 2.0 on a long-term basis
