Dril-Quip Sees FY24 Revenue Growth 15%-20%; Adj. EBITDA $65M-$75M
Portfolio Pulse from Benzinga Newsdesk
Dril-Quip projects its FY24 revenue to grow by 15%-20%, with an adjusted EBITDA forecast of $65M-$75M.
February 26, 2024 | 9:34 pm
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POSITIVE IMPACT
Dril-Quip expects FY24 revenue growth of 15%-20% and adjusted EBITDA to be $65M-$75M.
The positive revenue growth and EBITDA forecast for FY24 indicate a strong financial outlook for Dril-Quip, likely leading to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100