Imaflex Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Sales Guidance for the Full Year of 2017
For the nine months, the company reported revenue of CAD 66,902,000 against CAD 54,570,000 a year ago. Net income was CAD 3,001,000 against CAD 247,000 a year ago. Basic and diluted EPS were CAD 0.06 against CAD 0.01 a year ago. EBITDA was CAD 6,054,000 against CAD 2,476,000 a year ago.
Full-year 2017 guidance, with revenues now expected to come in approximately 15% higher than the CAD 74 million dollars seen in calendar 2016. This is up from the Corporation's previous estimate of approximately 10% year-over-year growth.