K-Bro Linen Reports Strong Q3 Revenue Growth
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K-Bro Linen Reports Strong Q3 Revenue Growth

Story Highlights
  • K-Bro Linen’s Q3 2024 revenue grew by 20.2% with strong healthcare and hospitality performance.
  • The company increased its adjusted EBITDA and expanded credit facilities, reflecting strategic growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

K-Bro Linen (TSE:KBL) has released an update.

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.

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