Concrete Pumping Holdings Sees FY23 Revenue $440M Vs $438.23M Est.
Portfolio Pulse from Happy Mohamed
Concrete Pumping Holdings has updated its fiscal year 2023 outlook, now expecting revenue of approximately $440.0 million, Adjusted EBITDA of $125.0 million, and free cash flow of $70.0 million. This is slightly above the previous estimate of $438.23 million.
September 07, 2023 | 8:22 pm
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POSITIVE IMPACT
Concrete Pumping Holdings (BBCP) has raised its FY23 revenue outlook to $440M, slightly above the previous estimate. This could potentially lead to a positive market reaction.
The company's raised revenue outlook for FY23 indicates a positive financial performance, which could potentially lead to a positive market reaction. Investors often react positively to upward revisions in revenue forecasts as it indicates potential growth.
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