Flotek Raises 2024 Adj. EBITDA Guidance Range From $10M-$16M To $14M-$18M
Portfolio Pulse from Benzinga Newsdesk
Flotek Industries has raised its 2024 adjusted EBITDA guidance range from $10 million-$16 million to $14 million-$18 million.
August 06, 2024 | 9:24 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Flotek Industries has increased its 2024 adjusted EBITDA guidance range, indicating a more optimistic financial outlook for the company.
The increase in adjusted EBITDA guidance suggests that Flotek Industries expects better financial performance in 2024. This positive revision is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100