Redishred Capital Shows Resilient Growth Amid Challenges
Company Announcements

Redishred Capital Shows Resilient Growth Amid Challenges

Redishred Capital (TSE:KUT) has released an update.

Redishred Capital Corp. reports a strong start to 2024 with a 12% growth in shredding revenue and a notable 47% increase in their digital imaging business, despite a 15% decline in overall EBITDA due to lower paper prices. The company saw a substantial rise in operational earnings, with EBITDA less net recycling revenue up by 31% from the previous year. However, free cash flow dropped significantly by 64%, primarily due to the timing of capital expenditures and lower recycling revenues.

For further insights into TSE:KUT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskRedishred Posts Strong Growth and Expands Operations
TipRanks Canadian Auto-Generated NewsdeskRedishred Reports Robust Financial Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App