ADENTRA ( (TSE:ADEN) ) has provided an update.
ADENTRA Inc. reported its financial results for the fourth quarter and full year of 2024, highlighting a slight decline in annual sales to $2.18 billion, despite a 3.1% increase in Q4 sales. The company faced challenges such as affordability constraints and slower-than-expected mortgage interest rate reductions, yet managed to improve its gross margin and maintain strong cash flow. ADENTRA also completed the acquisition of Woolf Distributing Company, enhancing its market presence in the US Midwest, and increased its quarterly dividend by 7%.
More about ADENTRA
ADENTRA Inc. is one of North America’s largest distributors of architectural building products, serving the residential, repair and remodel, and commercial construction markets. The company operates a network of 86 facilities across the United States and Canada.
YTD Price Performance: -16.95%
Average Trading Volume: 353
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $542M
Learn more about ADEN stock on TipRanks’ Stock Analysis page.