Brief: Perenti Says Share Buyback To Recommence Subject To Share Price Performance

Perenti

20/02/2024 01:34

Feb 20 (Reuters) - Perenti Ltd  PRN.AX :
    * SHARE BUYBACK TO RECOMMENCE SUBJECT TO SHARE PRICE
PERFORMANCE
    * FREE CASH FORECAST TO EXCEED A$100 MILLION FOR FY24
    * REAFFIRMS FY24 REVENUE AND EARNINGS GUIDANCE AND HAS
REVISED NET
CAPITAL EXPENDITURE GUIDANCE DOWNWARDS AND LEVERAGE LOWER
    * STRONG 2H24 WILL UNDERPIN FREE CASH
    * CONTINUES TO EXPECT THAT THE CONSOLIDATED BUSINESS WILL
DELIVER
A STRONG SECOND HALF
    * ON TRACK TO DELIVER TARGETED DDH TRANSACTION CASH
SYNERGIES OF
A$22M IN FY25

Source text for Eikon:  ID:nASX8BwYjJ 
Further company coverage:  PRN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))