Fiscal Year 2024 Guidance
The table below summarizes the company's fiscal year 2024 guidance.
Fiscal Year 2024 Guidance |
|
Revenue | $5.8 billion - $6.0 billion |
Adjusted EBITDA including non-controlling interest | $505 million - $545 million |
Cash Flow from Operating Activities | $350 million - $410 million |
Net income guidance is not presented as the company believes volatility associated with interest, taxes, depreciation, amortization and other matters affecting net income, including but not limited to one-time and nonrecurring events and the impact of M&A, will preclude the company from providing, with reasonable certainty, net income guidance for fiscal year 2024.
Increased Investor Day Growth Targets
The table below summarizes the company's increased March 15, 2023, Investor Day guidance.
Current 2025 Trajectory |
March 2023 Investor Day Guidance |
Highlights | |
Organic Revenue Growth | Mid- single-digit organic growth or better | 3% - 5% | Growth is off a revenue base that is $1.2 billion higher than the figures presented in March 2023 |
Total Revenue Growth | Mid- single-digit organic growth or better + M&A | 4% - 6% | Growth is off a revenue base that is $1.2 billion higher than the figures presented in March 2023 |
Adjusted EBITDA Margin Expansion |
Average 20 - 30 bps per year |
Average 20 - 30 bps per year |
Continual margin improvement opportunity. Adjusted EBITDA expansion also off a higher revenue base |
Free Cash Flow Conversion | >100% | >100% | Robust free cash flow generation to fund future organic and inorganic investment opportunities |