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K-Bro Linen (TSE:KBL)
:KBL
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.41Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 6.57%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue and EBITDA growth driven by acquisitions and strong hospitality sector performance. Despite the positive outlook and strategic positioning for future growth, there were concerns about increased costs, especially relating to corporate expenses and new employer taxes in the U.K.Company Guidance
During K-Bro Linen Systems Inc.'s Q3 2024 earnings call, the company reported impressive financial metrics, highlighting a 20% increase in consolidated revenue compared to Q3 2023. This growth was driven by a 6% rise in healthcare revenue and a substantial 37% increase in hospitality revenue. Adjusted EBITDA for the quarter was $23 million, reflecting a 27.2% increase from the previous year, with the adjusted EBITDA margin improving to 22% from 20.8%. The company's net earnings grew by 21.9% to $8.1 million, and net earnings as a percentage of revenue slightly increased to 7.8%. K-Bro also reported a strong balance sheet with a debt-to-EBITDA ratio, excluding leases, of just under 2.5x. Additionally, the company noted its active pursuit of acquisitions, contributing to its growth strategy, and expressed optimism about its organic growth prospects and future M&A opportunities.Record Third Quarter Revenue
K-Bro Linen Systems Inc. reported Q3 2024 revenue of $104 million, a 20% increase compared to Q3 2023.
Hospitality Revenue Growth
Hospitality revenue increased by 37% in Q3 2024, following acquisitions and implemented price increases.
Adjusted EBITDA Improvement
Consolidated adjusted EBITDA increased by 27.2% to $23 million in Q3 2024 compared to $18.1 million in 2023.
Strong U.K. Division Performance
The U.K. division's adjusted EBITDA margin increased to 24.3% in Q3 2024 from 20.3% in 2023, driven by the acquisition of Shortridge and cost efficiencies.
Positive Outlook for Business
K-Bro Linen Systems Inc. sees a positive outlook with steady volume trends in Healthcare and Hospitality, and remains well-positioned for future M&A.
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TSE:KBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$34.12 | C$34.58 | +1.35% |
| Aug 06, 2024 | C$34.51 | C$35.74 | +3.56% |
| May 06, 2024 | C$34.11 | C$34.45 | +1.00% |
| Mar 22, 2024 | C$33.23 | C$33.13 | -0.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does K-Bro Linen (TSE:KBL) report earnings?
K-Bro Linen (TSE:KBL) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is K-Bro Linen (TSE:KBL) earnings time?
K-Bro Linen (TSE:KBL) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KBL EPS forecast?
TSE:KBL EPS forecast for the fiscal quarter 2024 (Q4) is 0.41.
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