External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

We are an ASX-listed financial services firm specialising in asset management, lending, corporate advisory and equities. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Duratec: Leveraging Technologies For Infrastructure Maintenance Leading to Strong Financials

Moelis Australia Ltd

Equity Bottom-Up

<div><div><div><div><ul><li>Narrowed FY24e EBITDA guidance with revenue affected by award delays, although opportunity set remain: the company has issued FY24e guidance and now expects revenue range of $550-565m and EBITDA of $46-48m, revised from prior $570-610m and $45-52m.</li><li>The revised guidance midpoint implies improved EBITDA profitability at 8.4% margin and revenue and EBITDA growth of 13% and 23%, respectively.</li><li>The company noted strong project performance in 2H24 to date; delays in expected project awards have affected FY24e revenue guidance, though tendered opportunities remain with the company and awards are now expected to occur in 1H25.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Narrowed FY24e EBITDA guidance with revenue affected by award delays, although opportunity set remain: the company has issued FY24e guidance and now expects revenue range of $550-565m and EBITDA of $46-48m, revised from prior $570-610m and $45-52m.The revised guidance midpoint implies improved EBITDA profitability at 8.4% margin and revenue and EBITDA growth of 13% and 23%, respectively.The company noted strong project performance in 2H24 to date; delays in expected project awards have affected FY24e revenue guidance, though tendered opportunities remain with the company and awards are now expected to occur in 1H25.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Duratec Ltd - FY24e Guidance Narrowed, Increased Tender Activity, Award Delays