Core & Main Raises 2024 Outlook: Now Expects Net Sales Of $7.5B-$7.6B (Prior 7.4B-$7.6B) Vs. $7.52B Consensus; Sees Adjusted EBITDA Of $935M-$975M (Prior $925M-$975M)
Portfolio Pulse from Benzinga Newsdesk
Core & Main has raised its fiscal 2024 outlook, now expecting net sales of $7.5B-$7.6B and Adjusted EBITDA of $935M-$975M, reflecting recent acquisitions and strong first-quarter performance. The company anticipates solid end market demand and low single-digit sales growth, excluding acquisitions.
June 04, 2024 | 11:38 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Core & Main has raised its fiscal 2024 outlook, now expecting net sales of $7.5B-$7.6B and Adjusted EBITDA of $935M-$975M. This reflects recent acquisitions and strong first-quarter performance, with solid end market demand anticipated to continue.
The raised outlook indicates strong performance and positive market conditions, which are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100