2024 Outlook and Guidance
The Company made the following adjustments to its full year 2024 guidance to reflect the strategic portfolio actions:
- Adjusted its consolidated revenues range to $2.56 billion to $2.63 billion, compared to the prior guidance range of $2.60 billion to $2.72 billion.
- Increased its consolidated Adjusted EBITDA range to $435 million to $450 million, compared to the prior guidance range of $420 million to $440 million.
Commenting on the outlook, Carrillo noted, "Adjusting for the steel components divestiture, our third quarter results tracked well to our expectations, delivering in-line Adjusted EBITDA and outperforming on margin. Our outlook for the remainder of the year remains very positive. We are pleased to increase our Adjusted EBITDA guidance to reflect the strategic actions we have taken to optimize our portfolio, specifically, the acquisition of Stavola completed at the beginning of October, with some offset from the divestiture of steel components in August."
