Limbach Holdings Sees FY24 Revenue $510M-$530M, Raises Adj. EBITDA Guidance From $49M-$53M To $51M-$55M
Portfolio Pulse from Benzinga Newsdesk
Limbach Holdings projects FY24 revenue to be between $510M-$530M and has increased its adjusted EBITDA guidance from $49M-$53M to $51M-$55M.
May 08, 2024 | 9:50 pm
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POSITIVE IMPACT
Limbach Holdings raises its FY24 revenue forecast to $510M-$530M and adjusted EBITDA guidance to $51M-$55M.
Raising both revenue and EBITDA guidance indicates a positive outlook on the company's financial health and operational efficiency. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100