Concrete Pumping Holdings Sees FY24 Revenue $455M-$465M Vs $466.87M Est.
Portfolio Pulse from Benzinga Newsdesk
Concrete Pumping Holdings has revised its fiscal year 2024 revenue outlook to $455M-$465M, slightly below the previous estimate of $466.87M. The company expects Adjusted EBITDA to be between $120M-$125M and maintains its free cash flow outlook of at least $75M. The leverage ratio is projected to be approximately 2.75x by October 31, 2024.
June 06, 2024 | 8:22 pm
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Concrete Pumping Holdings has revised its fiscal year 2024 revenue outlook to $455M-$465M, slightly below the previous estimate of $466.87M. The company expects Adjusted EBITDA to be between $120M-$125M and maintains its free cash flow outlook of at least $75M. The leverage ratio is projected to be approximately 2.75x by October 31, 2024.
The revised revenue outlook is slightly below the previous estimate, which may lead to a negative short-term impact on the stock price. However, the company maintains its free cash flow outlook, which could mitigate some of the negative sentiment.
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