CGECF - Cogeco GAAP EPS of C$2.37 revenue of C$754.8M; reaffirms FY23 guidance
- Cogeco press release ( OTCPK:CGECF ): FQ3 GAAP EPS of C$2.37.
- Revenue of C$754.8M (+16.3% Y/Y).
- Cogeco maintains its fiscal 2022 financial guidelines as issued on April 13, 2022 : On a constant currency basis, the corporation expects fiscal 2023 revenue to grow between 2% and 4% and adjusted EBITDA between 1.5% and 3.5%.
- Net capital expenditures should reach between $750 and $800 million.
- As a result of these growth initiatives, free cash flow is expected to decrease between 2% and 12%.
- Adj. free cash flow on a constant currency and consolidated basis would otherwise be within a range encompassing a decrease of 5% to an increase of 5%.
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Cogeco GAAP EPS of C$2.37, revenue of C$754.8M; reaffirms FY23 guidance