To facilitate a more complete understanding of comparable financial performance between periods, the Company also presents performance results that exclude certain non-cash items and items that are not considered reflective of the Company's core results over time. These non-GAAP financial measures exclude certain items and are described below under, "Non-GAAP Financial Measures." See also our non-GAAP financial measures and reconciliations of these measures to the most comparable GAAP measures set forth in the tables below under "Supplemental Information: Reconciliation of GAAP to Non-GAAP Results."

Fourth Quarter of Fiscal Year 2024 Outlook

(in millions, except per share data)
Net sales	$	190.0		+/-		$10.0
Non-GAAP Financial Measures
Gross margin		48.0%		+/-		100 bps
Operating costs and expenses, net	$	74.0		+/-		$2.0
Operating income	$	17.2		+/-		$4.7
Operating margin		9.1%		+/-		200 bps
Interest expense, net	$	21.0
Normalized income tax rate		12%
Diluted (loss) per share	$	(0.05)		+/-		$0.06
Adjusted EBITDA	$	24.7		+/-		$4.7
Diluted share count		64.4

The fourth quarter of fiscal year 2024 outlook incorporates the Company's current estimates, as well as its expectations regarding the impact of export restrictions, inflationary pressure and other macroeconomic conditions. The Company is unable to predict the full impact such challenges may have on its future results of operations.

The Company is unable to include a reconciliation of the forward-looking non-GAAP results to the corresponding GAAP measures as this is not available without unreasonable efforts due to the high variability and low visibility with respect to the impact of transaction, integration and restructuring expenses, share-based awards, amortization of acquisition-related intangible assets and other items that are excluded from these non-GAAP measures. The Company expects the variability of the above charges to have a potentially significant impact on its GAAP financial results.