CECO Environmental Raised 2024 Guidance For Revenue To $600M-$620M (From $590M-$610M) Vs. Consensus Of $596.706M, Adjusted EBITDA To $68M-$72M (From $67M To $70M)

Author: Benzinga Newsdesk | July 30, 2024 07:04am

The Company raises its 2024 full year revenue guidance to reflect revenue between $600 and $620 million, up approximately 12 percent at the midpoint of the range, and adjusted EBITDA between $68 to $72 million, up approximately 21 percent year over year, at the midpoint of the range. The updated expected full year guidance compares to the previous outlook for revenues of between $590 to $610 million and adjusted EBITDA of between $67 to $70 million. The Company maintains its full year outlook for free cash flow of 50% to 70% of adjusted EBITDA.

Posted In: CECO