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Colabor Group Inc. (TSE:GCL)
TSX:GCL
Holding TSE:GCL?
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0Last Year’s EPS
C$0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2024
|% Change Since: -29.55%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging environment with some positive developments, such as market share growth and cash flow improvements, but significant challenges remain, including overall sales decline, reduced profitability, and lower margins on a large contract renewal.Company Guidance
During the third quarter of fiscal 2024, Colabor Group provided guidance indicating a 1.5% increase in distribution sales, contributing to a market share gain of 6.8% year-over-year, bringing the market share to 11.1%. Despite a challenging macroeconomic environment, the company's distribution business managed to grow due to new customer acquisitions and increased purchasing volumes among certain existing customers. The company also highlighted a reduction of 10.1% in wholesale revenue and a decline in consolidated adjusted EBITDA to $9.5 million, or 5.9% of sales, compared to 6.7% in the previous year. Colabor successfully renewed a significant institutional contract, accounting for approximately 11% of expected revenues for fiscal 2024, though at lower margins. The management emphasized their focus on operational efficiencies, maintaining a strong balance sheet, and strategic measures to mitigate the impact of reduced margins, while continuing to explore both organic and nonorganic growth opportunities.Distribution Sales Growth
Distribution sales grew by 1.5%, contributing to a market share gain of 6.8% year-over-year, increasing market share to 11.1% from 10.3%.
Renewal of Major Institutional Contract
Colabor renewed a 2-year agreement with an institutional customer, representing approximately 11% of expected revenues for fiscal year 2024.
Cash Flow from Operations
Cash flow from operating activities increased to $9.9 million in the third quarter, up from $8 million in the equivalent quarter of last year.
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TSE:GCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | C$1.32 | C$1.14 | -13.64% |
| Jul 24, 2024 | C$1.31 | C$1.28 | -2.29% |
| May 02, 2024 | C$1.21 | C$1.07 | -11.57% |
| Feb 29, 2024 | C$1.19 | C$1.21 | +1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Colabor Group Inc. (TSE:GCL) report earnings?
Colabor Group Inc. (TSE:GCL) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Colabor Group Inc. (TSE:GCL) earnings time?
Colabor Group Inc. (TSE:GCL) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GCL EPS forecast?
TSE:GCL EPS forecast for the fiscal quarter 2024 (Q4) is C$0.
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