FY24 consensus $32.31. Raises FY24 revenue view to $7.575B-$7.755B from $7.48B-$7.68B, consensus $7.63B. CEO Stein stated, “We are raising our full year net sales and EBITDA As Defined guidance primarily to reflect our strong first quarter results and current expectations for the remainder of the fiscal year. On the net income line, the impact of this guidance raise will be partially offset by the additional interest expense relating to the financing activities completed during the quarter – we took on incremental debt to fund the pending acquisition of CPI’s Electron Device Business.” This guidance excludes any EBITDA As Defined contribution from the pending acquisition of CPI’s Electron Device Business.
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