K-Bro Linen (TSE:KBL) has released an update.
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K-Bro Linen Inc. reported a robust 20.2% increase in Q3 2024 revenue, driven by notable growth in both its healthcare and hospitality segments. The company’s adjusted EBITDA saw a significant rise, highlighting the positive impact of recent acquisitions and stabilized market conditions. Additionally, K-Bro’s dividend declaration and expanded credit facilities underscore its financial confidence and strategic growth initiatives.
For further insights into TSE:KBL stock, check out TipRanks’ Stock Analysis page.
