Macmahon Holdings (ASX:MAH) expects their revenue for FY24 to be between A$1.7 billion and A$1.8 billion, creating a strategic financial outlook for the company.

Macmahon had an FY revenue of A$1.9 billion, an increase of 12% from the previous fiscal year, further solidifying the company’s positive market performance.

Additionally, the company’s FY24 underlying earnings before interest and tax (EBIT) is forecasted to range between A$130 million and A$140 million.

The capital expenditure for FY24 is anticipated to be approximately A$241 million.

Macmahon Holdings has secured a revenue of A$1.6 billion for FY24.

The company has also decided to raise the dividend payout ratio for FY24 from the previous range of 10% to 25%, to a new range of 20% to 35% of underlying earnings per share.

Macmahon Holdings is a prominent company in the field of mining and construction with a major focus on contract mining, plant, and equipment.