Summit Materials Now Projects FY24 Adjusted EBITDA Of $970M - $1B, Capital Expenditures Of $390M - $410M
Portfolio Pulse from Benzinga Newsdesk
Summit Materials has updated its financial projections for fiscal year 2024, estimating an adjusted EBITDA between $970 million and $1 billion, and capital expenditures ranging from $390 million to $410 million.
October 30, 2024 | 8:58 pm
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Summit Materials has revised its financial outlook for FY24, projecting an adjusted EBITDA of $970M-$1B and capital expenditures of $390M-$410M. This indicates a positive financial trajectory and potential growth.
The updated financial projections suggest a strong performance outlook for Summit Materials, with significant EBITDA growth and planned capital investments. This is likely to positively influence investor sentiment and the stock price in the short term.
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