Kratos Defense backs FY24 revenue view $1.13B-$1.15B, consensus $1.14B

Backs FY24 adjusted EBITDA view $102M-$107M. Backs FY24 capital expenditures view $70M-$80M. The company said, “We are providing our initial 2024 second quarter financial guidance and affirming our full year 2024 guidance today, which includes our current forecasted business mix assumptions, including as related to: employee sourcing, hiring, retention and cost; manufacturing, production and supply chain disruptions; parts shortages and related continued potential significant cost and price increases, including for personnel, materials and components that are adversely impacting the industry and Kratos. The range of our expected second quarter and full year 2024 Revenues and Adjusted EBITDA, includes our current assumptions for forecasted execution, including the number and estimated costs of qualified personnel expected to be obtained and retained to successfully execute on our programs and contracts, as well as expected future contract awards.”