- MDU Resources press release ( NYSE: MDU ): Q4 Non-GAAP EPS of $0.61 beats by $0.08 .
- Revenue of $1.86B (+29.2% Y/Y) beats by $360M .
- Guidance:
- MDU Resources is providing guidance for 2023 by business because of the strategic initiatives that it has underway. For 2023, MDU Resources expects earnings from its regulated energy delivery businesses in the range of $140 million to $150 million. The company expects construction services revenues of $2.75 billion to $2.95 billion in 2023, with higher margins compared to 2022, and earnings before interest, taxes, depreciation and amortization (EBITDA) of $200 million to $225 million. Construction materials revenues are expected to be $2.50 billion to $2.70 billion in 2023, with higher margins compared to 2022, and EBITDA of $300 million to $350 million. These guidance ranges do not reflect one-time costs expected in 2023 related to the strategic initiatives. Such costs will be incurred at MDU Resources and reflected in the consolidated results. EBITDA is a non-GAAP financial metric.
- Shares +1.55% PM.
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MDU Resources Non-GAAP EPS of $0.61 beats by $0.08, revenue of $1.86B beats by $360M