Vestis Continues To Expect FY24 Revenue Growth In The Range Of (1)% - 0%
Portfolio Pulse from Benzinga Newsdesk
Vestis expects FY24 revenue growth in the range of (1)% to 0% and anticipates its Adjusted EBITDA Margin to be toward the higher end of 12.0% to 12.4%, despite $18 million in incremental public company costs. The company also expects strong free cash flow conversion with a ratio of free cash flow to net income greater than or equal to 100%.
August 07, 2024 | 11:39 am
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Vestis expects FY24 revenue growth in the range of (1)% to 0% and anticipates its Adjusted EBITDA Margin to be toward the higher end of 12.0% to 12.4%, despite $18 million in incremental public company costs. The company also expects strong free cash flow conversion with a ratio of free cash flow to net income greater than or equal to 100%.
The company's guidance for FY24 indicates stable revenue and strong profitability metrics, which are positive signals for investors. The expectation of strong free cash flow conversion further supports a positive outlook.
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