L.B. Foster Expects FY23 Sales Of $520M-$550M; Adjusted EBITDA of $28M-$32M (Prior View $27M-$31M)
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster has updated its 2023 financial guidance due to improved profitability in its year-to-date results. The company now expects adjusted EBITDA to range between $28 million to $32 million, up from the previous estimate of $27 million to $31 million. Despite the impact of divestitures, net sales guidance for 2023 remains unchanged at between $520 million to $550 million.
August 08, 2023 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
L.B. Foster's updated financial guidance for 2023 indicates improved profitability, which could positively impact the company's stock in the short term.
The company's improved profitability and increased EBITDA guidance indicate a strong financial performance, which is typically a positive signal to investors and can lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100