Construction Partners Raised FY24 Outlook For Revenues To $1.84B-$1.86B (From $1.81B-$1.85B) Vs $1.827B Est.
Portfolio Pulse from Benzinga Newsdesk
Construction Partners has raised its fiscal year 2024 outlook for revenues to a range of $1.84 billion to $1.86 billion, up from the previous range of $1.81 billion to $1.85 billion. The company also increased its guidance for net income, Adjusted EBITDA, and Adjusted EBITDA Margin.
August 09, 2024 | 11:07 am
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Construction Partners has raised its fiscal year 2024 revenue outlook to $1.84 billion to $1.86 billion, up from the previous range of $1.81 billion to $1.85 billion. The company also increased its guidance for net income, Adjusted EBITDA, and Adjusted EBITDA Margin.
The increase in revenue outlook and improved guidance for net income, Adjusted EBITDA, and Adjusted EBITDA Margin are positive indicators for Construction Partners. This suggests better-than-expected financial performance, which is likely to have a positive short-term impact on the stock price.
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