TORONTO and GATINEAU, QC, Oct. 24, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced select preliminary unaudited financial results for the three months ended September 30, 2024 ("Q3-2024"). All figures are in Canadian dollars unless otherwise stated.
Q3-2024 Preliminary Results
Revenue is expected to be in the range of $630.0 million to $631.0 million, compared to (i) a previously guided range of $636 million to $658 million, and (ii) $710.1 million in revenue for the third quarter of 2023 ("Q3-2023").Gross profit is expected to be in the range of $158.0 to $158.5 million, compared to (i) a previously guided range of $172 million to $178 million, and (ii) $174.1 million in gross profit for Q3-2023.Adjusted EBITDA1 is expected to be in the range of $31.8 to $32.3 million, compared to, (i) a previously guided range of $43 million to $47 million, and (ii) $41.3 million in Adjusted EBITDA1 for Q3-2023.Cash from operating activities is expected to be in the range of $48.0 to $49.0 million, representing cash conversion1 of approximately 150% from Adjusted EBITDA1.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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