CECO Environmental Provides FY24 Outlook, Sees Revenue Of $575M To $600M Vs Consensus Of $553.92M; Expects Adjusted EBITDA To Be $65M To $70M
Portfolio Pulse from Benzinga Newsdesk
CECO Environmental has provided its FY24 outlook, forecasting revenues of $575M to $600M, which is higher than the consensus of $553.92M. The company also expects its adjusted EBITDA to be $65M to $70M, representing a 21% YoY increase. Free cash flow is expected to be 50% to 70% of the full year adjusted EBITDA guidance range.
November 07, 2023 | 12:13 pm
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CECO Environmental's FY24 outlook is positive with higher than expected revenues and a significant increase in adjusted EBITDA.
CECO Environmental's FY24 outlook is positive, forecasting higher revenues than the consensus and a significant increase in adjusted EBITDA. This could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100