Streetbeat News

Revenues

PHIN

PHINIA has reaffirmed its FY 2024 financial outlook, projecting net sales between $3.42B-$3.58B and adjusted sales of $3.40B-$3.55B, aligning with a $3.48B consensus. The company anticipates net earnings of $125M-$160M, with margins of 3.7%-4.5%, and adjusted EBITDA between $470M-$510M. PHINIA expects an adjusted free cash flow of $160M-$200M and an adjusted tax rate of 28%-32%.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:45 am

OPTN

Optinose announced a corporate update, expecting to achieve positive income from operations by 2025. Preliminary Q1 2024 XHANCE net product revenue is $14.9 million, a 26% increase from Q1 2023. Peak XHANCE revenues are anticipated to exceed $300 million, targeting ENT and Allergy specialists.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:29 am

XPRO

Expro Group anticipates a 20% year-on-year increase in Q2 revenue and an 8% sequential growth, with Adjusted EBITDA Margin expected to be between 20% to 21%, marking a 200 to 300 basis points increase both year-on-year and sequentially.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:19 am

XPRO

Expro Group has reaffirmed its 2024 guidance, projecting revenues of $1.6B-$1.7B and adjusted EBITDA of $325M-$375M, aligning with estimates around $1.652B in revenue.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:18 am

FFWM

First Foundation (NYSE:FFWM) reported Q1 2024 adjusted EPS of $0.02, beating the $0.01 estimate, but missed sales estimates with $51.069M against the expected $56.690M. This represents a significant decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:17 am

DOV

Dover has updated its adjusted EPS outlook for FY24 to $9.00-$9.15, from the previous range of $8.95-$9.15, aligning with a consensus of $9.06. The company also reaffirmed its revenue growth forecast of 2%-4%, with 1%-3% of this growth expected to be organic.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:15 am

GTX

Garrett Motion has reaffirmed its 2024 outlook, projecting net sales to be between $3.80 billion and $3.95 billion, closely aligning with the estimated $3.899 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:09 am

XPRO

Expro Gr Hldgs (NYSE:XPRO) reported Q1 2024 earnings of $0.09 per share, missing the $0.12 estimate, but sales of $383.489M exceeded the $369.621M forecast. This represents an 800% increase in earnings and a 13.03% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:07 am

SRCL

Stericycle (NASDAQ:SRCL) reported Q2 2024 earnings of $0.57 per share, meeting analyst estimates but with a 16.33% increase from the previous year. However, their sales of $664.9M fell short of the $679.277M estimate, marking a 2.84% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:07 am

ARCH

Arch Resources anticipates that the closure of the Baltimore Port will likely constrain its Q2 coking coal shipments, potentially impacting its ability to generate robust capital returns for stockholders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:05 am