Twenty slides, numbered 29 through 48 in the investor presentation, carry the non-GAAP reconciliation tables Sysco (SYY) says investors must weigh alongside the financial claims inside. Sysco attached those materials as Exhibit 99.1 to a Regulation FD 8-K filed August 12, 2026, tying the disclosure to a Sysco headquarters visit and a Jetro Restaurant Depot store tour. The same filing directed investors to a Sysco Holdings Corporation prospectus registered on Form S-4 with the SEC, and urged them to read it in full before making any investment decision.
Non-GAAP metrics and where to find the math
The presentation deploys six non-GAAP measures: EBITDA, Adjusted EBITDA, Net Debt, Free Cash Flow, Free Cash Flow Conversion, and Operating Income Adjusted for Certain Items. The filing notes these metrics can exclude items that are material to assessing financial results. All reconciliations to GAAP span slides 29 to 48. None of the six measures appear with a reported number in this 8-K document itself.
Transaction mechanics
Sysco caused Sysco Holdings Corporation to file the Form S-4 registration statement with the SEC. The holding-company structure is part of the deal architecture. The filing covers the proposed combination with Jetro Restaurant Depot but discloses no closing date, transaction value, or regulatory timeline in this document. Investors seeking those details are directed to the Sysco Holdings prospectus.
What management is guiding on, without numbers
The presentation covers expected synergies, future sales and earnings per share growth, share repurchases, dividend levels, credit ratings, and the combined company's leverage ratio. Each item carries a forward-looking label. No numeric target accompanies any of those items in this filing.
The risk disclosure
Credit ratings of the combined company could decline after closing. Regulatory approvals may not arrive on schedule or may carry unanticipated conditions. The filing separately identifies integration difficulties, key-personnel retention, business disruption during the pendency of the transaction, and legal proceedings as named risk categories. The deal's announcement is cited as a standalone risk to Sysco's share price.
The broader risk register adds prolonged inflation or deflation, shifts in consumer eating habits, supply interruptions, global trade policy changes, tariff exposure, foreign conflicts, natural disasters, and public health crises. For full risk detail, Sysco directs investors to its Form 10-K annual reports, Form 10-Q quarterly reports, and other SEC filings.