Flotek Industries Sees FY24 Adj. Gross Profit Margin 18%-22%; Adj. EBITDA $10M-$16M
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries projects its FY24 adjusted gross profit margin to be between 18%-22% and expects its adjusted EBITDA to range from $10M to $16M.
May 07, 2024 | 9:19 pm
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Flotek Industries anticipates a FY24 adjusted gross profit margin of 18%-22% and an adjusted EBITDA between $10M and $16M.
The projection of an adjusted gross profit margin of 18%-22% and an adjusted EBITDA of $10M-$16M for FY24 by Flotek Industries indicates a positive outlook for the company's financial performance. This guidance could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100