K-Bro Linen Q4 Earnings Call Highlights

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MarketBeat

Fri, March 20, 2026 astatine 9:06 AM CDT 7 min read

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  • K-Bro delivered "record" 2025 results with gross of CAD 507 million and adjusted EBITDA of CAD 98.7–99 million, a 36% gross summation year-over-year, and a displacement toward healthcare present representing astir 58% of consolidated revenue.

  • The June 2025 acquisition of Star Mayan creates a "top three" nationalist U.K. healthcare and hospitality platform; integration is underway with targeted run‑rate synergies implicit 24 months (about 25% achieved to date) but Star Mayan's little margins person weighed connected U.K. and reported margins.

  • Balance expanse and 2026 outlook: nett indebtedness roseate to CAD 214.2 million (pro forma funded debt/EBITDA ~2.6x), absorption expects astir CAD 40 million of escaped currency travel successful 2026 earlier dividends to determination leverage toward the "low twos," and plans astir CAD 20 million of capex adjacent year.

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K-Bro Linen (TSE:KBL) executives said the institution delivered grounds results successful 2025, citing acquisition-driven enlargement successful the U.K., dependable request successful healthcare and hospitality, and borderline benefits from ratio initiatives. Management besides discussed integration advancement pursuing the Star Mayan acquisition and provided aboriginal commentary connected 2026 outgo and currency travel expectations.

President and CEO Linda McCurdy said 2025 produced “record results,” with gross of CAD 507 million and adjusted EBITDA of CAD 99 million. The 4th fourth marked the company’s “seventh consecutive 4th of grounds results” and included “early contributions” from Star Mayan, which K-Bro acquired successful June 2025.

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McCurdy said Star Mayan is complementary to K-Bro’s existing U.K. businesses, Fishers and Shortridge, and “creates a apical 3 nationalist U.K. healthcare and hospitality platform.” She added that integration enactment is ongoing and aimed astatine optimizing the company’s section and nationalist footprints.

For 2025, absorption said gross accrued 36% versus 2024, with healthcare gross up 41% and hospitality gross up 30%. Healthcare represented astir 58% of consolidated revenue, up from 53% successful 2024, driven chiefly by Star Mayan and the annualization of CM.

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CFO Kristie Plaquin reported consolidated gross of CAD 506.8 million for the twelvemonth ended Dec. 31, 2025, up from CAD 373.6 million successful 2024. She attributed the summation chiefly to acquisitions (Star Mayan successful 2025 and Shortridge and CM successful 2024) and terms increases.

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