PFGC changes segment profit metric to Adjusted EBITDA; updates pro forma for Core-Mark deal

Performance Food Group Co

Changed measure of segment profit to Adjusted EBITDA; retrospective restatement of FY2022 MD&A and Note 19.
Pro forma combined net sales for FY2022: $53.98B; net income $92M; diluted EPS $0.54.
Pro forma adjustments remove Core-Mark's intangible amortization ($197.6M) and add $9.2M amortization of acquired intangibles (9.3-year life).
Non-recurring acquisition costs of $59.9M and related tax benefit of $15.6M included in pro forma results.

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