Expects gross margin to improve through FY24. Sees FY24 adjusted gross margin 53%-54%. Says making “strong progress” in reducing debt. Says net debt/EBITDA of 3.45 at Q4-end. Targeting 2x net debt/EBITDA by end of 2027. Sees FY24 tax rate 14%-17%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TEVA: