Thu. 8 Feb 2024, 7:35am ET
Benzinga
News, Guidance
Financial Outlook for First Quarter of 2024
SolarWinds' management currently expects to achieve the following results for the first quarter of 2024:
- Total revenue in the range of $187 to $192 million, representing growth of approximately 2% over the first quarter of 2023 total revenue at the midpoint of the range.
- Adjusted EBITDA of approximately $81.5 to $84.5 million, representing growth of approximately 7% over the first quarter of 2023 adjusted EBITDA at the midpoint of the range.
- Non-GAAP diluted earnings per share of $0.20 to $0.22.
- Weighted average outstanding diluted shares of approximately 171.3 million.
Financial Outlook for Full Year of 2024
SolarWinds' management currently expects to achieve the following results for the full year of 2024:
- Total revenue in the range of $771 to $786 million, representing growth of approximately 3% over the full year of 2023 total revenue at the midpoint of the range.
- Adjusted EBITDA of approximately $350 to $360 million, representing growth of approximately 8% over the full year of 2023 adjusted EBITDA at the midpoint of the range.
- Non-GAAP diluted earnings per share of $0.95 to $1.00.
- Weighted average outstanding diluted shares of approximately 173.2 million.