Acquisitions, Organic Growth Fuel Record Growth for K-Bro in 2018

K-Bro Linen Inc., Edmonton, Alberta, Canada, recently announced its 2018 Q4 and annual financial and operating results. Revenue for the three and twelve months ended Dec. 31, 2018, was $59.4 million and $239.5 million, respectively, increases of 25.1% and 40.4% over the comparable 2017 periods. K-Bro declared dividends of $1.200 per common share and distributable cash was $2.359 per common share on a fully diluted basis. “K-Bro’s annual revenue increased 40.4% year over year, benefiting from a full year of contributions from Fishers (Edenfields, Scotland) the acquisition of Linitek ...