ACA Revises FY24 Revenue From $2.60B-$2.72B To $2.56B-$2.63B Vs $2.65B Est.
Portfolio Pulse from Benzinga Newsdesk
ACA has revised its FY24 revenue guidance to $2.56B-$2.63B from $2.60B-$2.72B, while increasing its Adjusted EBITDA guidance to $435M-$450M. The changes reflect strategic portfolio actions, including the acquisition of Stavola and divestiture of steel components.
October 30, 2024 | 8:36 pm
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ACA revised its FY24 revenue guidance downwards but increased its Adjusted EBITDA guidance, reflecting strategic actions like the acquisition of Stavola and divestiture of steel components.
The revision in revenue guidance is slightly negative, but the increase in Adjusted EBITDA and strategic actions like the acquisition of Stavola are positive indicators. The market may react favorably to the improved profitability outlook.
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IMPORTANCE 80
RELEVANCE 100