Summit Materials Raises FY23 Adjusted EBITDA From $490M-$530M To $550M-$570M
Portfolio Pulse from Benzinga Newsdesk
Summit Materials has increased its FY23 Adjusted EBITDA forecast from $490M-$530M to $550M-$570M.
August 04, 2023 | 12:23 pm
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POSITIVE IMPACT
Summit Materials has revised its FY23 Adjusted EBITDA forecast upwards, which could positively impact investor sentiment.
Summit Materials' upward revision of its FY23 Adjusted EBITDA forecast indicates a positive outlook for the company's future earnings. This could boost investor sentiment and potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100