Business
K-Bro Reports Record Q3, 2014 Results and Declares November Dividend
(TSX: KBL) Q3, 2014 Financial Highlights Revenue for the three months ended Septe...
About this update from K-bro Linen Inc.
[{"type":"text","content":"\n\n(TSX: KBL)\n\nQ3, 2014 Financial Highlights\n\n\nRevenue for the three months ended September 30, 2014 was $36.0 million, an increase of 4.3% over the comparable 2013 period. \nEBITDA for the third quarter increased by $1.9 million or by 32.8% to $7.6 million compared to $5.7 million in Q3, 2013.  Adjusted EBITDA increased for the third quarter by $1.2 million or by 18.1% to $7.6 million compared to $6.4 million in Q3, 2013. \nEBITDA margin increased on a quarter over quarter basis to 21.1% in Q3, 2014 compared to 16.6% in Q3, 2013.  Adjusted EBITDA margin increased on a quarter over quarter basis to 21.1% in Q3, 2014 compared to 18.7% in Q3, 2013. \nNet earnings after taxes for the third quarter increased by $1.2 million to $3.8 million compared to $2.6 million in Q3, 2013. \n\n\n\n(thousands, except per share amounts\n\n\nFor the three months ended September 30\n\n\n\nand percentages)\n\n\n2014\n\n\n2013\n\n\n$ Change\n\n\n% Change\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n$          36,028\n\n\n$            34,551\n\n\n1,477\n\n\n4.3%\n\n\n\nOperating expenses\n\n\n28,411\n\n\n28,816\n\n\n(405)\n\n\n-1.4%\n\n\n\nEBITDA(1)\n\n\n7,617\n\n\n5,735\n\n\n1,882\n\n\n32.8%\n\n\n\nEBITDA(1)as a % of revenue\n\n\n21.1%\n\n\n16.6%\n\n\n-\n\n\n4.5%\n\n\n\nAdjusted EBITDA(1)\n\n\n7,617\n\n\n6,448\n\n\n1,169\n\n\n18.1%\n\n\n\nAdjusted EBITDA(1)as a % of revenue\n\n\n21.1%\n\n\n18.7%\n\n\n-\n\n\n2.5%\n\n\n\nEarnings before income taxes\n\n\n5,182\n\n\n3,674\n\n\n1,508\n\n\n41.0%\n\n\n\nIncome tax expense\n\n\n1,431\n\n\n1,103\n\n\n328\n\n\n29.7%\n\n\n\nNet earnings\n\n\n3,751\n\n\n2,571\n\n\n1,180\n\n\n45.9%\n\n\n\nBasic earnings per Share\n\n\n$              0.53\n\n\n$                0.37\n\n\n0.16\n\n\n43.2%\n\n\n\nDiluted earnings per Share\n\n\n$              0.53\n\n\n$                0.36\n\n\n0.17\n\n\n47.2%\n\n\n\n\n\n\n\n\n\nAdjusted net earnings(1)\n\n\n3,751\n\n\n3,070\n\n\n681\n\n\n22.2%\n\n\n\nBasic adjusted net earnings per share(1)\n\n\n$              0.53\n\n\n$                0.44\n\n\n0.09\n\n\n20.5%\n\n\n\nDiluted adjusted net earnings per sh...