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News

Multiplan Lowers 2024 Sales Guidance To $935M-$955M From Prior Guidance Of $1B-$1.03B Versus Consensus Of $1.009B

Author: Benzinga Newsdesk | August 01, 2024 06:26am

2024 Financial Guidance1

The Company is updating its full-year 2024 guidance, as detailed in the table below.

Financial Metric

 

Prior FY 2024 Guidance

 

Updated FY 2024 Guidance

Revenues

 

$1,000 million to $1,030 million

 

$935 million to $955 million

Adjusted EBITDA1

 

$630 million to $650 million

 

$580 million to $595 million

Interest expense

 

$320 million to $330 million

 

$320 million to $330 million

Cash flow from operations

 

$170 million to $200 million

 

$135 million to $150 million

Capital expenditures

 

$120 million to $130 million

 

$120 million to $130 million

Depreciation

 

$80 million to $90 million

 

$80 million to $90 million

Amortization of intangible assets

 

$345 million to $350 million

 

$345 million to $350 million

Effective tax rate

 

25% to 28%

 

25% to 28%

Posted In: MPLN

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