SiteOne Landscape Supply Expects FY24 Adjusted EBITDA Of $380M-$400M (Prior View: $420M-$455M)
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply has revised its FY24 adjusted EBITDA forecast to $380M-$400M, down from the previous estimate of $420M-$455M.
July 31, 2024 | 10:06 am
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SiteOne Landscape Supply has lowered its FY24 adjusted EBITDA forecast to $380M-$400M, down from the previous estimate of $420M-$455M. This revision indicates potential challenges in achieving previously expected financial performance.
The downward revision in EBITDA forecast suggests that SiteOne Landscape Supply may face difficulties in meeting its financial targets, which could negatively impact investor sentiment and the stock price in the short term.
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