APi Gr FY2024 Sales Outlook $7.05B-7.25B Vs. $7.20B Estimate, Adj. EBITDA $855M - $905M
Portfolio Pulse from Benzinga Newsdesk
APi Group has announced its FY2024 guidance, projecting net revenues between $7.05B and $7.25B, adjusted EBITDA between $855M and $905M, and an adjusted free cash flow conversion rate of approximately 70%.
February 28, 2024 | 12:35 pm
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APi Group projects FY2024 net revenues between $7.05B and $7.25B, with adjusted EBITDA between $855M and $905M, indicating a positive outlook.
The announcement of APi Group's FY2024 guidance with projected increases in net revenues and adjusted EBITDA suggests a positive outlook for the company's financial health and operational efficiency. This guidance, especially when it aligns with or exceeds market expectations, typically results in a positive short-term impact on the company's stock price as it reflects growth and profitability prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100