Superior Plus (TSE:SPB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Superior Plus Corp. reported a robust first quarter in 2024 with a record Adjusted EBITDA of $235.6 million, marking a 15% increase from the previous year, driven by strong performance in its Certarus division and steady growth in U.S. Propane despite unseasonal weather. The company has also switched to reporting in U.S. dollars to aid in comparability due to most business being conducted in USD and reaffirms its 5% growth expectation for 2024 Adjusted EBITDA. Notably, Certarus continued to expand its fleet to meet growing demand for alternative fuels, ending the quarter with 753 mobile storage units.
For further insights into TSE:SPB stock, check out TipRanks’ Stock Analysis page.
