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An update from K-Bro Linen ( (TSE:KBL) ) is now available.
K-Bro Linen Inc. reported a record increase in revenue and earnings for 2024, with a 16.4% rise in revenue to $373.6 million. The company experienced growth in both its healthcare and hospitality segments, with hospitality revenue increasing by 30.3%. K-Bro also completed the acquisition of Buanderie Villeray, enhancing its operations in the hospitality and healthcare sectors. The company is optimistic about its future growth prospects, supported by a strong liquidity position and an active M&A pipeline.
More about K-Bro Linen
K-Bro Linen Inc. operates in the laundry and linen services industry, providing services primarily to the healthcare and hospitality sectors. The company is known for its focus on delivering industry-leading service and maintaining a diverse workforce.
YTD Price Performance: -12.53%
Average Trading Volume: 7,536
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$344.5M
See more data about KBL stock on TipRanks’ Stock Analysis page.
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