SolarWinds Corp Expects Q4 Revenue of $188.5M-$192.5M Vs $189.8M Est, Adj EPS $0.20-$0.22 Vs $0.2 Est; FY23 Revenue $749M-$753M (Prior $740M-$748M) Vs $744.51M Est, Adj EPS $0.83-$0.85 (Prior $0.76-$0.79) Vs $0.78 Est

Author: Benzinga Newsdesk | November 02, 2023 08:07am

Financial Outlook for Fourth Quarter of 2023

SolarWinds' management currently expects to achieve the following results for the fourth quarter of 2023:

• Total revenue in the range of $188.5 to $192.5 million, representing growth of approximately 2% as compared to the fourth quarter of 2022 total revenue at the midpoint of the range.
• Adjusted EBITDA of approximately $80.5 to $82.5 million, representing growth of approximately 9% over the fourth quarter of 2022 adjusted EBITDA at the midpoint of the range.
• Non-GAAP diluted earnings per share of $0.20 to $0.22.
• Weighted average outstanding diluted shares of approximately 167.4 million.

Financial Outlook for Full Year of 2023

SolarWinds' management currently expects to achieve the following results for the full year of 2023:

• Total revenue in the range of $749 to $753 million, representing growth of approximately 4% over the full year of 2022 total revenue at the midpoint of the range.
• Adjusted EBITDA of approximately $322 to $324 million, representing growth of approximately 15% over the full year of 2022 adjusted EBITDA at the midpoint of the range.
• Non-GAAP diluted earnings per share of $0.83 to $0.85.
• Weighted average outstanding diluted shares of approximately 166.4 million.

Posted In: SWI