CA - Cogeco GAAP EPS of $2.67 revenue of $789.7M beats by $217.85M; revises FY23 guidance
- Cogeco press release ( OTCPK:CGECF ): Q1 GAAP EPS of C$2.67.
- Revenue of C$789.7M (+6.0% Y/Y). On a constant currency basis, revenue increased by 2.4%.
- Adjusted EBITDA increased by 5.5% to reach C$373.9M. On a constant currency basis, adjusted EBITDA increased by 2.3%.
- Cogeco has revised its fiscal 2023 financial guidelines as issued on July 13, 2022 for revenue, adjusted EBITDA and net capital expenditures.
- Compared to fiscal 2022, on a constant currency and consolidated basis, revenue and adjusted EBITDA are now expected to increase between 0.5% and 2.0%.
- Net capital expenditures of C$700M to C$775M.
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Cogeco GAAP EPS of $2.67, revenue of $789.7M beats by $217.85M; revises FY23 guidance