Versigent posts Q3 beat, raises full‑year revenue and cash‑flow outlook
Versigent PLC reported third‑quarter revenue of $2.45 billion, up 7.2% year over year, and adjusted earnings per share of $1.91, beating consensus. Adjusted EBITDA rose 10.9% to $275 million and net income was $102 million. The company lifted its full‑year revenue guidance to $9.5 billion‑$9.6 billion and free‑cash‑flow outlook to $275 million‑$325 million, while tightening its adjusted EBITDA target. Shares slipped 1.35% in after‑hours trading following the announcement.
Why it matters
The higher guidance suggests stronger demand and may support a more optimistic outlook for investors, though the after‑hours price dip reflects market caution. The raised free‑cash‑flow range could improve the company’s capacity for dividends and reinvestment, as noted by the board’s declaration of a $0.13 per‑share dividend.
Key facts
- 1Q3 revenue was $2.45 billion, a 7.2% increase YoY. investing.com
- 2Adjusted EPS for the quarter was $1.91. investing.com
- 3Adjusted EBITDA reached $275 million, up 10.9% YoY. tradingview.com
- 4Net income attributable to Versigent was $102 million. investing.com
- 5Full‑year revenue guidance was raised to a range of $9.5 billion‑$9.6 billion. investing.com
- 6Full‑year free cash flow guidance was increased to $275 million‑$325 million. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.