Dexterra Group Inc. (TSE:DXT) has released an update.
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Dexterra Group Inc. reported a significant increase in 2023 annual revenue, reaching $1.1 billion, a 15% rise, with Adjusted EBITDA soaring by 55% to a record $100.6 million, driven by growth in IFM and WAFES sectors. Despite challenges in the Modular unit, including a loss and subsequent strategic review leading to potential sale discussions, the company’s overall net earnings grew to $26.8 million. Dexterra also acquired CMI Management to expand their IFM services in the U.S., and declared a Q1 2024 dividend of $0.0875 per share.
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