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The company has narrowed its 2023 financial year operating EBITDA guidance to A$248-252 million from $245-260 million.
It said its rental and Force divisions were expected to deliver half-on-half EBITDA growth.
Emeco reported a solid turnaround performance of its Pit N Portal business after project terminations and one-off costs impacted the December half result.
Sustaining capital for FY23 is expected to be at the lower end of the $155-160 million guidance range.
The company's net leverage ratio is set to fall from 1.18x at the end of December to its target of 1x.
Emeco said new and expanding mining projects would drive strong momentum into the 2024 financial year.
"As we head into a period where companies traditionally provide full-year updates, it is good to see positive commentary, particularly with regard to margin given the inflationary environment," Argonaut analyst Ian Christie said.
Emeco shares were up 1.5% this morning to 69c, giving it a market capitalisation of $354 million.
