Earnings ForecastFor FY’24, the adjusted EBITDA estimate is lowered by approximately 6%, resulting in a downward revision to the adjusted EPS.
Mergers And AcquisitionsThe UK Competition and Markets Authority published an interim report finding that the proposed CWT acquisition would result in a significant lessening of competition in the UK.
Revenue PerformanceRevenue guidance was lowered to a midpoint of $2,425M, with a growth range of 5.5% - 6.5%.