Final prospectus is accessible on SEDAR+

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

(TSX:KBL)

EDMONTON, AB, May 27, 2025 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") is pleased to announce that it has filed a final short form prospectus dated May 27, 2025 (the "Final Prospectus") with the securities regulatory authorities in all provinces and territories of Canada. The Final Prospectus has been filed in connection with K-Bro's previously announced public equity financing (the "Offering") of $70,136,500 of subscription receipts (the "Subscription Receipts") ($80,656,975 of Subscription Receipts if the over-allotment option granted by K-Bro to the underwriters is exercised in full).

TORONTO, May 14, 2025 /CNW/ - Trading resumes in:

Company: K-Bro Linen Inc.

TSX Symbol: KBL

All Issues: Yes

Resumption (ET): 8:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada..

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

TORONTO, May 13, 2025 /CNW/ - The following issues have been halted by CIRO:

Company: K-Bro Linen Inc.

TSX Symbol: KBL

All Issues: Yes

Reason: Pending News

Halt Time (ET): 04:25 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

(TSX: KBL)

EDMONTON, AB, May 13, 2025 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") today announces its Q1 2025 financial and operating results.

Q1 2025 Financial and Operating Highlights

RevenueRevenue increased by 13.4% in Q1 2025 to $91.0 million compared to $80.2 million in 2024.Healthcare revenue increased to $50.6 million for Q1 2025 compared to $47.5 million in 2024, or by 6.5%.Hospitality revenue increased to $40.4 million for Q1 2025 compared to $32.7 million in 2024, or by 23.3%.Adjusted EBITDA1, Adjusted EBITDA Margin1 & Adjusted Net Earnings1Adjusted EBITDA increased to $15.0 million in Q1 2025 compared to $13.4 million in 2024.Adjusted EBITDA margin remained consistent at 16.5% in Q1 2025 compared to 16.7% in Q1 2024.Adjusted net earnings decreased by $0.2 million to $3.4 million in Q1 2025 from $3.6 million in 2024.EBITDA, EBITDA Margin & Net EarningsEBITDA increased by $0.8 million to $12.4 million for Q1 2025 compared to $11.6 million in 2024.EBITDA margin for the quarter decreased to 13.6% in 2025 compared to 14.5% in 2024.Net earnings for the quarter decreased by $1.0 million to $0.8 million in 2025 from $1.8 million in 2024, and as a percentage of revenue decreased by 1.4% to 0.9% in 2025 from 2.3% in 2024.For the first quarter of 2025, K-Bro declared dividends of $0.300 per common share.Long-term debt at the end of Q1 2025 was $119.3 million compared to $123.8 million at the end of fiscal 2024.

(TSX: KBL)

EDMONTON, AB, May 5, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") will host its Annual General Meeting on Tuesday, June 3, 2025  at 11:00 am Eastern Time virtually at https://meetings.lumiconnect.com/400-499-467-342. The presentation will include a formal meeting component followed by a presentation by Linda McCurdy, President and CEO, and Kristie Plaquin, CFO

Date:      June 3, 2025Time:     11:00 a.m. ET (9:00 a.m. MT)Meeting Link:   https://meetings.lumiconnect.com/400-499-467-342

(TSX: KBL)

EDMONTON, AB, April 29, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") will release its financial results for the quarter ended March 31, 2025 on Wednesday, May 14, 2025 after market close.  The Corporation will hold a conference call and webcast to discuss the results on Thursday, May 15, 2025 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.

(TSX: KBL)

EDMONTON, AB, April 15, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") announced today a dividend of 10.00 cents CDN per common share of the Corporation for the period from April 1 to 30, 2025, to be paid on May 15, 2025 to holders of record of common shares on April 30, 2025.

The Corporation's policy is for shareholders of record on the last business day of a calendar month to receive dividends during the fifteen days following the end of such month. K-Bro designates this dividend as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation.

(TSX: KBL)

EDMONTON, AB, March 20, 2025 /CNW/ - K-Bro Linen Inc. ("K-Bro" or the "Corporation") today announces its 2024 financial and operating results. 

2024 Financial and Operating Highlights

RevenueRevenue increased by 16.4% in 2024 to $373.6 million compared to $320.9 million in 2023.Healthcare revenue for 2024 increased to $195.8 million compared to $184.3 million in 2023, or by 6.2%.Hospitality revenue for 2024 increased to $177.8 million compared to $136.6 million in 2023, or by 30.3%.Adjusted EBITDA1, Adjusted EBITDA Margin1 & Adjusted Net Earnings1Adjusted EBITDA increased for 2024 to $72.1 million compared to $58.0 million in 2023.Adjusted EBITDA margin increased to 19.3% in 2024 from 18.1% in 2023.Adjusted net earnings for the year increased by $2.9 million to $21.7 million in 2024 from $18.8 million in 2023.EBITDA, EBITDA Margin & Net EarningsEBITDA increased for 2024 to $69.0 million compared to $56.8 million in 2023.EBITDA margin for the year increased to 19.3% in 2024 from 18.1% in 2023Net earnings for the year increased by $1.1 million to $18.7 million in 2024 from $17.6 million in 2023, and as a percentage of revenue decreased by 0.5% to 5.0% in 2024 from 5.5% in 2023.For fiscal 2024, K-Bro declared dividends of $1.20 per common share.Long-term debt at the end of fiscal 2024 was $123.8 million compared to $70.2 million at the end of fiscal 2023 due to the acquisitions of Shortridge and C.M.K-Bro entered into a three-year, $175 million committed, syndicated revolving credit facility on March 26, 2024. The facility includes access to a further $75 million accordion.

(TSX: KBL)

EDMONTON, AB, March 14, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") announced today a dividend of 10.00 cents CDN per common share of the Corporation for the period from March 1 to 31, 2025, to be paid on April 15, 2025 to holders of record of common shares on March 31, 2025.

The Corporation's policy is for shareholders of record on the last business day of a calendar month to receive dividends during the fifteen days following the end of such month. K-Bro designates this dividend as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation.

(TSX: KBL)

EDMONTON, AB, Feb 28, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") will release its financial results for the quarter ended December 31, 2024 on Thursday, March 20, 2025 after market close.  The Corporation will hold a conference call and webcast to discuss the results on Friday, March 21, 2025 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.