ScanSource Expects FY24 Net Sales of at Least $3.5B (Prior at Least $3.8B) Vs $3.71B Est
Portfolio Pulse from Benzinga Newsdesk
ScanSource has revised its FY24 financial outlook, lowering its net sales expectation from at least $3.8 billion to at least $3.5 billion, and adjusted EBITDA from at least $170 million to at least $155 million. Free cash flow expectations remain unchanged at at least $200 million.
February 06, 2024 | 1:34 pm
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ScanSource has lowered its FY24 net sales and adjusted EBITDA forecasts, indicating potential challenges ahead.
The revision of financial forecasts, especially a decrease in net sales and adjusted EBITDA, typically signals potential operational or market challenges that could negatively impact the company's stock price in the short term. Investors may view this as a sign of weakening financial health or growth prospects.
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