FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > Plug up 17% After the Firm Increases 2024 Revenue and EBITDA

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Post by ZouZS3on Nov 16, 2021 10:00pm

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Plug up 17% After the Firm Increases 2024 Revenue and EBITDA

PLUG additionally reported that with the closing of the acquisitions "it is raising its 2024 financial targets to achieve $1.2 billion in revenue (up from $1 billion), $210 million in operating income (up from $170 million), and $250 million in adjusted EBITDA (up from $200 million)." The firm added that the higher estimates are based upon the added value of this vertical integration, significant margin improvement and anticipated global growth in the electrolyzer market.

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