Hillman Solutions Revised Its 2024 Revenue Guidance To $1.44B-$1.48B (From $1.475B-$1.555B) Vs $1.503B Est.; Free Cash Flow Of $100M-$120M
Portfolio Pulse from Benzinga Newsdesk
Hillman Solutions has revised its 2024 revenue guidance to a range of $1.44 billion to $1.48 billion, down from the previous range of $1.475 billion to $1.555 billion. The company also provided a free cash flow estimate of $100 million to $120 million.
August 06, 2024 | 11:37 am
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Hillman Solutions has lowered its 2024 revenue guidance to $1.44 billion to $1.48 billion from the previous range of $1.475 billion to $1.555 billion. The company also estimates free cash flow to be between $100 million and $120 million.
The downward revision in revenue guidance suggests that Hillman Solutions may face challenges in achieving its previously expected growth. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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