Earnings
February 16, 2019 - TRP
New! TransCanada Corp. 2018 Year End Earnings & Price Target Update .....
February 13, 2019 - AW.UN
A&W Revenue Royalties Income Fund - 2018 Results & Dividend Inrease .....
February 13, 2019 - CRT.UN
CT Real Estate Investment Trust - 2018 Earnings & Price Target Forecast .....
February 10, 2019 - NTR
Nutrien Inc. 2018 Earnings & Price Target Update .....
February 8, 2019 - BCE
BCE Inc.-2018 Earnings & Price Target Update .....
February 7, 2019 - BPF.UN
Boston Pizza Royalties Income Fund - Q3-2018 Earnings & Price Target Update .....
February 6, 2019 - KEG.UN
The Keg Royalties Income Fund - Q3-2018 Earnings & Price Target Update .....
February 3, 2019 - CRR.UN
Crombie REIT - Q3-2018 Earnings & Price Target Forecast .....
Recommendation Changes
TRP, AW.UN, NTR, MKP, AI, more...

K-Bro Linen Inc. - Price Target Update

This is only a sample of the article, please login to view the entire article

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 operates nine processing facilities and two distribution centres under three brands, including K-Bro Linen Systems Inc., Buanderie HMR and Les Buanderies Dextraze, in ten Canadian cities: Québec City, Montréal, Toronto, Regina, Saskatoon, Prince Albert, Edmonton, Calgary, Vancouver and Victoria. Following Sept-30-2017, Fisher Topco was acquired for £35M (C$59M) on a cash-free, debt-free basis and including £2.9M in net working capital. The Base Purchase Price is subject to an additional earn-out consideration. 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, Inverness and Coatbridge.

Typical services offered by K-Bro include the processing, management and distribution of general and operating room linens, including sheets, blankets, towels, surgical gowns and drapes and other linen. Other types of processors in K-Bro's industry in Canada include independent privately owned facilities (i.e. typically small, single facility companies), public sector central laundries and public and private sector on premise laundries (known as OPLs). Participants in other sectors of the laundry and linen services industry, such as uniform rental companies (which own and launder uniforms worn by their customers' employees) typically do not offer services that significantly overlap with those offered by K-Bro. The healthcare segment generates 70% of revenues, 30% is from the hospitality sector.

K-Bro's customers include some of the largest healthcare institutions and hospitality providers in Canada. Healthcare customers include acute care hospitals and long-term care facilities. Most of K-Bro's hospitality customers (typically >250 rooms) generate between 500,000 and 3M pounds of linen per year. Most healthcare customers generate between 500,000 pounds of linen per year for a hospital and up to 30M pounds of linen per year for a healthcare region. In addition to basic laundry services, specialty services include reusable OR pack services, resident personal clothing programs, specialty linen purchasing, various textile testing and extensive customer site-based services, including floor-to-floor distribution and linen room management.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
February 15, 2019
New! Coverage Universe - Weekly Price Changes - Feb 8-15, 2019
February 8, 2019
Coverage Universe - Weekly Price Changes - Feb 1-8, 2019
February 1, 2019
Coverage Universe - Weekly Price Changes - Jan 25-Feb 1, 2019
January 29, 2019
BIP Investment Corp. Minimum 5.85% Cumulative Rate Reset Preferred Share New Issue
January 25, 2019
Coverage Universe - Weekly Price Changes - Jan 18-25, 2019
January 21, 2019
Canadian Western Bank 6% Rate Reset Preferred Share New Issue
January 18, 2019
Coverage Universe - Weekly Price Changes - Jan 11-18, 2019
January 17, 2019
TD Bank Preferred Share 5.2% Rate Reset New Issue