SRG Global (ASX:SRG) has told the market it expects FY24 earnings to be in the upper guidance range, as well as seeing a 10% jump in FY25.
The company anticipates clocking up to $99M of earnings for FY24. Strong margins were pointed to by the company on Tuesday.
Work in hand sits at $2B with a pipeline of works valued at over $6B, the company wrote. The company recently hit a 70% recurring earnings profile.
“Our FY24 financial and cash performance is clear evidence of the strength and diversity of our business which has provided both protection and opportunity in the diverse sectors and geographies in which we operate,” SRG MD David Macgeorge said.
“The Company has Record Work in Hand of $2b and is well positioned for long term sustainable growth with circa 70% annuity-style earnings and positive exposure to broader macro-economic growth drivers in a diverse range of sectors.”
The company’s full year drops on 20 August.
SRG last traded at 89cps.