Colabor Group Inc. (TSE:GCL) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Colabor Group Inc. has reported a mild downturn in its first quarter of 2024, with sales dipping 2.0% to $131.2 million and a net loss from continuing operations increasing to $1.8 million. Despite the decrease in sales and adjusted EBITDA, the company has improved its cash flow from operating activities to $11.7 million and reduced its net debt to $56.8 million. These financial movements come alongside strategic actions such as acquiring assets from Beaudry & Cadrin Inc. and revamping its credit facility.
For further insights into TSE:GCL stock, check out TipRanks’ Stock Analysis page.
