SolarWinds Corp Expects Q1 Revenue of $187M-$192M Vs $191.8M Est, Adj EPS $0.20-$0.22 Vs $0.22 Est, FY24 Revenue of $771M-$786M Vs $779.74M Est, Adj EPS $0.95-$1.00 Vs $0.95 Est

Author: Benzinga Newsdesk | February 08, 2024 08:35am

Financial Outlook for First Quarter of 2024

SolarWinds' management currently expects to achieve the following results for the first quarter of 2024:

• Total revenue in the range of $187 to $192 million, representing growth of approximately 2% over the first quarter of 2023 total revenue at the midpoint of the range.
• Adjusted EBITDA of approximately $81.5 to $84.5 million, representing growth of approximately 7% over the first quarter of 2023 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 171.3 million.

Financial Outlook for Full Year of 2024

SolarWinds' management currently expects to achieve the following results for the full year of 2024:

• Total revenue in the range of $771 to $786 million, representing growth of approximately 3% over the full year of 2023 total revenue at the midpoint of the range.
• Adjusted EBITDA of approximately $350 to $360 million, representing growth of approximately 8% over the full year of 2023 adjusted EBITDA at the midpoint of the range.
• Non-GAAP diluted earnings per share of $0.95 to $1.00.
• Weighted average outstanding diluted shares of approximately 173.2 million.

Posted In: SWI