Azenta Reiterates FY24 Guidance
Portfolio Pulse from Benzinga Newsdesk
Azenta has reaffirmed its fiscal year 2024 guidance, projecting total revenue between $696 to $718 million, indicating a 5% to 8% organic growth from FY23. The company also expects a 300 basis point expansion in adjusted EBITDA margin and non-GAAP diluted EPS in the range of $0.19 to $0.29.
February 07, 2024 | 10:29 pm
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Azenta reiterates its FY24 guidance with expected revenue between $696 to $718 million, 5% to 8% organic growth, 300 basis point EBITDA margin expansion, and non-GAAP EPS of $0.19 to $0.29.
Reiterating guidance often signals management's confidence in the company's future performance. For Azenta, maintaining its FY24 revenue and earnings outlook could positively influence investor sentiment, suggesting stability and potential growth. The specific mention of organic growth and EBITDA margin expansion further underscores operational efficiency and profitability, likely leading to a positive short-term impact on the stock.
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