TopBuild Raises FY23 Sales Outlook To $5.13B-$5.21B (Prior $5.025B-$5.175B) Vs. $5.14B Estimate; Sees Adjusted EBITDA Of $1.025B-$1.055B
Portfolio Pulse from Benzinga Newsdesk
TopBuild has increased its FY23 sales outlook to between $5.13B and $5.21B, up from the previous estimate of $5.025B-$5.175B. The company also expects its adjusted EBITDA to be between $1.025B and $1.055B.
October 31, 2023 | 11:00 am
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POSITIVE IMPACT
TopBuild's raised FY23 sales outlook and adjusted EBITDA expectations could potentially lead to a positive impact on its stock price.
TopBuild's raised sales outlook for FY23 indicates that the company expects to perform better than previously anticipated. This positive outlook could lead to increased investor confidence, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100