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    KBL   CA48243M1077

K-BRO LINEN INC.

(KBL)
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K Bro Linen : Bro Announces Release Date, Conference Call and Webcast for Q1 2021 Financial Results

04/28/2021 | 04:01pm EDT

(TSX: KBL)

EDMONTON, AB, April 28, 2021 /CNW/ - K-Bro Linen Inc. (the "Corporation") will release its financial results for the quarter ended March 31, 2021 on Wednesday, May 12, 2021 after market close.  The Corporation will hold a conference call and webcast to discuss the results on Thursday, May 13, 2021 at 9:00 a.m. Eastern Time (7:00 a.m. Mountain Time).

The conference call will include prepared remarks from Linda McCurdy, President and CEO, and Kristie Plaquin, Chief Financial Officer.  After the prepared remarks, the Corporation will accept questions from analysts and institutional investors.

Date:

Thursday, May 13, 2021

Time:

9:00 a.m. ET (7:00 a.m. MT)

Call:

1.888.231.8191 (Canada and USA)


647.427.7450 (International)

Participants are asked to call at least 10 minutes prior to the start of the call.  For those unable to participate on the live call, a replay will be made available until May 27, 2021 by dialing 1.855.859.2056 (Canada and USA), passcode 5076207.  The public is invited to listen to the live conference call or the replay.

This conference call will be webcast live over the internet and can be accessed by all interested parties at the following https://produceredition.webcasts.com/starthere.jsp?ei=1459621&tp_key=d543c86252

To listen to the live webcast, visit the Corporation's website at least 10 minutes early to register, download and install any necessary audio software. For those unable to listen during the live webcast, an audio replay will be available shortly after the conclusion of the conference call for a period of 90 days.

CORPORATE PROFILE

K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels and other commercial accounts.  K-Bro currently operates nine processing facilities under three distinctive brands, including K-Bro Linen Systems Inc., Buanderie HMR and Les Buanderies Dextraze, in eight Canadian cities: Québec City, Montréal, Toronto, Regina, Edmonton, Calgary, Vancouver and Victoria.

Fishers was established in 1900 and is an operator of laundry and linen processing facilities in Scotland, providing linen rental, workwear hire and cleanroom garment services to the hospitality, healthcare, manufacturing and pharmaceutical sectors. Fishers' client base includes major hotel chains and prestigious venues across Scotland and the North East of England. The company operates seven sites, including one depot, in Scotland and the North East of England with facilities in Cupar, Perth, Newcastle, Livingston and Coatbridge.

Additional information regarding the Corporation including required securities filings are available on our website at www.k-brolinen.com and on the Canadian Securities Administrators' website at www.sedar.com; the System for Electronic Document Analysis and Retrieval ("SEDAR").

K–Bro est le plus important propriétaire et exploitant de buanderies au Canada. K–Bro fournit une gamme étendue de services de buanderie aux établissements de soins de santé, hôtels et autres clients commerciaux. K–Bro exploite actuellement neuf usines sous trois marques distinctives, incluant K-Bro Linen Systems Inc., Buanderie HMR et Les Buanderies Dextraze, dans huit villes canadiennes: Québec, Montréal, Toronto, Regina, Edmonton, Calgary, Vancouver et Victoria.

Vous pouvez obtenir des renseignements supplémentaires sur la Société, y compris les documents déposés auprès des autorités de réglementation, sur notre site Web, au www.k-brolinen.com et sur le site Web des autorités canadiennes en valeurs mobilières au www.sedar.com, le site Web du Système électronique de données, d'analyse et de recherche (« SEDAR »).

SOURCE K-Bro Linen Inc.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2021 223 M 178 M 178 M
Net income 2021 20,8 M 16,5 M 16,5 M
Net Debt 2021 25,0 M 20,0 M 20,0 M
P/E ratio 2021 33,6x
Yield 2021 2,77%
Capitalization 462 M 370 M 368 M
EV / Sales 2021 2,18x
EV / Sales 2022 1,77x
Nbr of Employees 2 000
Free-Float 98,2%
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Technical analysis trends K-BRO LINEN INC.
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 43,39 CAD
Average target price 52,36 CAD
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Linda McCurdy President, Chief Executive Officer & Director
Kristie L. Plaquin Chief Financial Officer
Ross S. Smith Chairman
Sean P. Curtis Chief Operating Officer & Senior Vice President
Steven Emanuel Matyas Independent Director
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