K-Bro Linen Reports Mixed Earnings In Q4 Despite Higher Revenues

05:40 PM EDT, 03/20/2025 (MT Newswires) -- K-Bro Linen Inc. ( KBRLF ) after trade Thursday reported mixed earnings for the fourth quarter, even as it had higher revenues buoyed by recent acquisitions, and said it was "excited" about its organic growth prospects and potential future M&A.

For Q4, K-Bro reported adjusted basic earnings per share of $0.344 versus $0.466 a year earlier, and adjusted diluted EPS of $0.34 versus $0.463. It also reported basic EPS of $0.401, up from $0.399 and diluted EPS of $0.398 versus $0.396.

Q4 total revenue rose to $95.446 million from $82.464 million.

Linda McCurdy, President & CEO of K-Bro, said: "As we start 2025, we see a positive outlook for our business. Both of K-Bro's healthcare and hospitality segments continue to experience steady volume trends. In our healthcare segment, we expect steady increases to activity levels supported by a continued focus on reducing wait times and enhancing patient care. In our hospitality segment, we expect solid activity levels from both business and leisure travel. We continue to monitor the evolving geopolitical and trade landscape."

McCurdy added: "We're pleased with the early contributions of our recent acquisitions and are excited about our organic growth prospects and potential future M&A. We have an active M&A pipeline and will look to leverage our strong liquidity position, balance sheet and access to the capital markets to execute on these opportunities, should they arise."

KBL rose $0.42 or 1.25% to $33.37 on the TSX today.

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