Iridium Comms Reaffirms FY23 Guidance
Portfolio Pulse from Benzinga Newsdesk
Iridium Communications has reaffirmed its FY23 guidance, expecting total service revenue growth between 9% and 11% for full-year 2023, OEBITDA between $455 million and $465 million, negligible cash taxes, and net leverage of between 2.5 and 3.5 times OEBITDA. This assumes the completion of the company's total $600.0 million share repurchase authorization and the payment of four quarters of dividends.
July 25, 2023 | 11:08 am
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POSITIVE IMPACT
Iridium Communications' reaffirmed FY23 guidance, which includes expected revenue growth and OEBITDA increase, could potentially boost investor confidence and positively impact the company's stock price.
The reaffirmed guidance indicates that Iridium Communications is confident in its financial outlook, which could potentially attract investors and drive up the stock price. The expected revenue growth, OEBITDA increase, and negligible cash taxes are positive indicators for the company's financial health.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100