Progyny Expects Q2 Results 'Slightly Above' Guidance, Enters $200 Million Revolver

MT Newswires Live
07-08

Progyny (PGNY) said Tuesday it expects Q2 results to be "slightly above" guidance that was provided in May.

For Q2, the benefits management company projected adjusted earnings of $0.40 to $0.43 per share and revenue of $310 million to $325 million. The company also forecast adjusted EBITDA to be between $49 million and $53 million.

Analysts polled by FactSet expect Q2 adjusted earnings of $0.42 per share and revenue of $315.4 million.

Progyny is scheduled to report Q2 financial results after the close on Aug. 7.

Progyny also said it has access to up to $200 million through a revolving credit facility, which will mature on July 1, 2030.

The revolver is undrawn and the company said it has no planned use for the facility at this time.

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