MDC Partners Lifts FY21 Financial Guidance

  • MDC Partners Inc 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsGuidanceSmall CapTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!