Exact Sciences Raises Their 2024 Adjusted EBITDA Guidance After Strong Q2 Performance, Achieving Record Profitability; Expanding Margins While Reinvesting In Growth, Aiming For Over 20% EBITDA Margins By 2027
Portfolio Pulse from Benzinga Newsdesk
Exact Sciences has raised its 2024 adjusted EBITDA guidance following a strong Q2 performance, achieving record profitability. The company is expanding margins while reinvesting in growth, with a target of over 20% EBITDA margins by 2027.
September 11, 2024 | 3:18 pm
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Exact Sciences has increased its 2024 adjusted EBITDA guidance due to a strong Q2 performance, achieving record profitability. The company is focusing on expanding margins and reinvesting in growth, with a goal of over 20% EBITDA margins by 2027.
The increase in EBITDA guidance and record profitability indicate strong financial health and growth prospects for Exact Sciences. The focus on expanding margins and reinvesting in growth suggests a positive outlook, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100