Graham Corp Expects FY24 Net Sales $175M-$185M (Prior $170M-$180M) Vs $176.6M Est
Portfolio Pulse from Benzinga Newsdesk
Graham Corp has raised its fiscal 2024 guidance, with net sales now expected to be between $175M-$185M, up from the previous $170M-$180M. Gross margin projections have also increased to approximately 20% of sales, from 18%-19%. Adjusted EBITDA is now anticipated to be between $15.0M-$16.0M, up from $11.5M-$13.5M. The company has also adjusted its SG&A expense and CapEx expectations.
February 05, 2024 | 11:34 am
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Graham Corp has updated its fiscal 2024 guidance, indicating stronger performance expectations across net sales, gross margin, and Adjusted EBITDA.
The upward revision in Graham Corp's fiscal 2024 guidance suggests a positive outlook for the company's financial performance. Higher net sales and gross margin projections indicate improved operational efficiency and market demand. The increase in Adjusted EBITDA expectations reflects better profitability. These factors are likely to be viewed positively by investors, potentially leading to a short-term increase in GHM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100