K-Bro Linen (TSE:KBL) has released an update.
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K-Bro Linen Inc. reports a strong Q2 in 2024 with significant growth in both healthcare and hospitality sectors, showing a 15.8% revenue increase and a substantial rise in Adjusted EBITDA by 25.2%. Despite higher revenues and earnings, net earnings saw a slight dip. The company remains optimistic about its growth, with successful acquisitions and a solid financial position underscored by a new credit facility and share repurchase program.
For further insights into TSE:KBL stock, check out TipRanks’ Stock Analysis page.
