Arcosa Tightens FY24 Consolidated Revenues Range From $2.58B - $2.78B To $2.60B - $2.72B, Est $2.655B
Portfolio Pulse from Benzinga Newsdesk
Arcosa has tightened its FY24 consolidated revenue range to $2.60B - $2.72B, with an estimated $2.655B. The company also increased the low end of its consolidated Adjusted EBITDA range to $420 million from $410 million, resulting in a full year range of $420 million to $440 million.
August 01, 2024 | 8:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Arcosa has adjusted its FY24 revenue and EBITDA ranges, indicating a more precise financial outlook. The revenue range is now $2.60B - $2.72B, and the Adjusted EBITDA range is $420M - $440M.
The tightening of the revenue range and the increase in the low end of the Adjusted EBITDA range suggest a more confident and positive financial outlook for Arcosa. This is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100