Summit Materials Narrows FY23 Adj. EBITDA To $560M-$570M; Capital Expenditures ~$240M-$260M
Portfolio Pulse from Benzinga Newsdesk
Summit Materials has revised its FY23 adjusted EBITDA forecast to $560M-$570M. The company also expects capital expenditures to be around $240M-$260M.
November 01, 2023 | 9:30 pm
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Summit Materials has updated its FY23 EBITDA and capital expenditure forecasts. This could impact investor sentiment and the company's stock price.
Summit Materials' updated EBITDA and capital expenditure forecasts could influence investor sentiment. While the narrowing of the EBITDA forecast range suggests increased certainty, the impact on the stock price will depend on whether these figures align with market expectations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100