CA - Cogeco Non-GAAP EPS of C$2.43 revenue of C$767.6M; reaffirms FY23 guidance
2023-07-14 08:36:14 ET
- Cogeco press release ( OTCPK:CGECF ): Q3 Non-GAAP EPS of C$2.43.
- Revenue of C$767.6M (+1.7% Y/Y). On a constant currency basis, revenue decreased by 1.4%
- Adjusted EBITDA of C$355.5 million increased 0.6% over last year.
- Net capital expenditures amounted to C$170.3 million, a 7.0% reduction versus last year. Acquisition of property, plant and equipment amounted to C$190.1 million, a decrease of 4.1%.
- Free cash flow of C$107.4 million decreased by 1.4%, while cash flows from operating activities decreased by 20.4% to C$283.2 million.
- Cogeco reiterates its fiscal 2023 financial guidelines as issued on January 12, 2023 . Furthermore, on June 8, 2023, Cogeco announced that it will provide its fiscal 2024 financial guidelines when it reports its financial results for the fourth quarter of fiscal 2023, which is consistent with industry practice.
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Cogeco Non-GAAP EPS of C$2.43, revenue of C$767.6M; reaffirms FY23 guidance