Consolidated Communications Says Initiated Significant Business Simplification And Cost Savings Initiative
Portfolio Pulse from Benzinga Newsdesk
Consolidated Communications has initiated a business simplification and cost savings initiative, which is estimated to result in an annualized benefit of more than $30 million starting from the second half of 2023.
August 08, 2023 | 12:03 pm
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POSITIVE IMPACT
Consolidated Communications' cost savings initiative is expected to bring in an annualized benefit of over $30 million from H2 2023. This could improve the company's financial health and potentially its stock price.
The cost savings initiative by Consolidated Communications is a significant move that could improve the company's bottom line. This could make the company more attractive to investors, potentially leading to an increase in its stock price. However, the benefits will only start to materialize from the second half of 2023, so the impact on the stock price might not be immediate.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100