Cargojet (OTC) (TSE:CJT) has released an update.
Cargojet Inc. reports a slight decrease in Q4 revenue to $254.7 million from last year’s $271 million, alongside an adjusted EBITDA of $81.6 million. Despite a challenging economic climate, the company achieved a $37.9 million free cash flow turnaround from the previous year’s outflow, while maintaining solid adjusted EBITDA margins. The co-CEOs emphasized Cargojet’s continued commitment to cost management and operational excellence, with an impressive 99.5% on-time performance rate.
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