share_log

CORRECTION: Granite Construction Reiterated FY24 Revenue Outlook of $3.80B-$4.00B Vs $3.88B Estimate

Benzinga ·  May 2 06:50

Outlook

Our guidance for 2024 is unchanged, with the exception of adjusted EBITDA margin. Adjusted EBITDA margin guidance has increased from a range of 9.0% to 11.0% to a range of 9.5% to 11.5% after giving consideration for the exclusion of stock based compensation expense in our adjusted EBITDA margin.

Revenue in the range of $3.8 billion to $4.0 billion

Adjusted EBITDA margin in the range of 9.5% to 11.5%

SG&A expense in the range of 7.5% to 8.0% of revenue

Mid-20s effective tax rate for adjusted net income

Capital expenditures of approximately $130 million to $150 million

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment