Hillman Solutions Reaffirms Its 2024 Revenue Guidance Of $1.475B-$1.555B Vs $1.514B Est.; Free Cash Flow Of $100M-$120M
Portfolio Pulse from Benzinga Newsdesk
Hillman Solutions reaffirmed its full year 2024 revenue guidance of $1.475B-$1.555B, aligning with market expectations of $1.514B. The company also expects free cash flow to be between $100M-$120M, based on its performance outlook for the year ending December 28, 2024. This guidance, initially provided on February 22, 2024, alongside Q4 2023 results, reflects Hillman's current market view and performance expectations.
May 07, 2024 | 11:44 am
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Hillman Solutions reaffirms its 2024 revenue guidance of $1.475B-$1.555B and expects free cash flow of $100M-$120M.
Reaffirming its revenue guidance and free cash flow expectations for 2024 indicates Hillman Solutions' confidence in its financial stability and growth prospects. This positive outlook is likely to reassure investors and could lead to a short-term positive impact on HLMN's stock price, as it aligns with market expectations and demonstrates financial health and operational efficiency.
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IMPORTANCE 90
RELEVANCE 100