Newpark Resources Sees FY24 Adj. EBITDA $80M-$85M; Capital Expenditures $30M-$35M
Portfolio Pulse from Benzinga Newsdesk
Newpark Resources projects its FY24 adjusted EBITDA to be between $80M-$85M, with capital expenditures estimated at $30M-$35M.
May 02, 2024 | 9:40 pm
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Newpark Resources anticipates its FY24 adjusted EBITDA to range from $80M to $85M, with capital expenditures expected to be between $30M and $35M.
The announcement of Newpark Resources' financial projections for FY24, including a significant adjusted EBITDA and planned capital expenditures, is likely to be viewed positively by investors. This guidance suggests confidence in the company's operational efficiency and growth prospects, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100