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MDC Partners Lifts FY21 Financial Guidance

Author: Anusuya Lahiri | July 13, 2021 08:12am

MDC Partners Inc (NASDAQ:MDCA) raised its FY21 organic revenue growth outlook to 9%-11% from the previous range of 7%-9%, encouraged by the continued strength through the first half of 2021.
It increased the adjusted EBITDA guidance to $200 million - $210 million from previously expected $190 million - $200 million.
Revenue in 2020 was $1.20 billion, and Adjusted EBITDA was $177.3 million.
Price action: MDCA shares traded higher by 2.5% at $5.33 in the premarket session on the last check Tuesday.

Posted In: MDCA