Colabor (TSE:GCL) has released an update.
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Colabor Group Inc. reported a slight decline in sales for the second quarter of 2024, with a 1.8% drop to $161.3 million, while net earnings from continuing operations fell to $1.7 million from $2.3 million in the same quarter of the previous year. However, the company saw an improvement in its adjusted EBITDA, which rose by 4.6% to $9.7 million, and reduced its net debt to $56.0 million, achieving a lower leverage ratio. Additionally, Colabor made significant strides by acquiring foodservice assets from Beaudry & Cadrin Inc. in March 2024.
For further insights into TSE:GCL stock, check out TipRanks’ Stock Analysis page.
