CECO Environmental Raises FY23 Outlook, Now Sees Revenue Of $525M-$550M (Prior ~$525M) Vs Consensus Of $514.82M; Expects Adjusted EBITDA Between $55M-$57M
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental has raised its FY23 outlook, now expecting revenue between $525M-$550M, up approximately 25% YoY, and adjusted EBITDA between $55M-$57M, up approximately 33% YoY. This is an increase from the previous outlook provided in September, which expected revenues to exceed $525M and adjusted EBITDA to exceed $55M.
November 07, 2023 | 12:12 pm
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POSITIVE IMPACT
CECO Environmental's updated FY23 outlook exceeds previous expectations and consensus estimates, which could positively impact the company's stock price in the short term.
CECO Environmental has raised its FY23 outlook, which now exceeds both its previous expectations and consensus estimates. This positive financial news could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100