Published on 26 Apr 2024 on GuruFocus.com via Yahoo Finance
Revenue: Reached $1.68 billion, up 14% year-over-year, surpassing estimates of $1.65 billion.Net Income: GAAP net earnings rose to $382 million, a 34% increase, exceeding estimates of $451.72 million.Earnings Per Share (EPS): Adjusted EPS grew to $4.41, up 13% from the previous year, exceeding the estimated $4.34.Adjusted EBITDA: Increased by 16% to $676 million, indicating strong profitability and operational efficiency.Operating Cash Flow: Grew by 14% to $531 million, reflecting robust cash generation capabilities.Free Cash Flow: Improved by 15% to $513 million, showcasing efficient capital management and liquidity.Full Year Guidance: Adjusted EPS forecast raised to $18.05 - $18.25, from previous guidance of $17.85 - $18.15, reflecting positive outlook and operational momentum.
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