HighGravityDataEquinix — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001628280-24-044328
Showing in the filing
Revenues
“$2.262 and $2.302 billion”
Period
Q4 FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 19
Adjusted EBITDA margin for FY2024
“47%”
AFFO growth (normalized and constant currency) for FY2024
“11 - 13%”
AFFO per share growth (normalized and consta… for FY2024
“9 - 10%”
Revenues for Q4 FY2024
“$2.262 and $2.302 billion”
Revenues growth (as-reported) for Q4 FY2024
“3 - 5%”
Revenues growth (normalized and constant cur… for Q4 FY2024
“2 - 4%”
Adjusted EBITDA for Q4 FY2024
“$1.010 and $1.050 billion”
Recurring capital expenditures for Q4 FY2024
“$94 and $114 million”
Total revenues for FY2024
“$8.748 and $8.788 billion”
Total revenues growth (as-reported) for FY2024
“approximately 7%”
Total revenues growth (normalized and consta… for FY2024
“approximately 7 - 8%”
Adjusted EBITDA for FY2024
“$4.086 and $4.126 billion”
AFFO for FY2024
“$3.338 and $3.378 billion”
AFFO growth (as-reported) for FY2024
“11 - 12%”
AFFO per share for FY2024
“$34.81 and $35.22”
AFFO per share growth (as-reported) for FY2024
“8 - 10%”
Total capital expenditures for FY2024
“$2.850 and $3.100 billion”
Non-recurring capital expenditures (includin… for FY2024
“$2.620 and $2.850 billion”
Recurring capital expenditures for FY2024
“$230 and $250 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
With these latest issuances, Equinix will have issued a total of approximately $5.6 billion of green bonds, making it one of the top 10 largest U.S. corporate issuers in the investment-grade green bond market. 4 Business Outlook For the fourth quarter of 2024, the company expects revenues to range between $2.262 and $2.302 billion, an as-reported increase of 3 - 5% over the previous quarter, or a normalized and constant currency increase of 2 - 4% excluding the quarter-over-quarter impact of the power pass-through. This guidance includes a $26 million foreign currency benefit when compared to the average FX rates in Q3 2024. Adjusted EBITDA is expected to range between $1.010 and $1.050 billion. This guidance includes a $12 million foreign currency benefit when compared to the average FX rates in Q3 2024, $8 million of integration costs related to acquisitions and higher seasonal spending. Recurring capital expenditures are expected to range between $94 and $114 million, consistent with our typical seasonal investments in Q4. For the full year of 2024, total revenues are expected to range between $8.748 and $8.788 billion, an as-reported increase of approximately 7% over the previous year, or a normalized and constant currency increase of approximately 7 - 8% excluding the year-over-year impact of the power pass-through. This $36 million increase from previously issued guidance is due to $12 million of better-than-expected operating performance and a $24 million positive foreign currency benefit when compar
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.