The North West Company Inc. reports a 4.6% increase in sales, declares increased quarterly dividend.

From GlobeNewswire: 2024-09-04 19:37:35

North West Company Inc. reported its financial results for the second quarter ended July 31, 2024, with a 4.6% increase in sales to $646.5 million compared to last year. The company declared a quarterly dividend of $0.40 per share, an increase of 2.6%. Gross profit increased 7.5% to $219.8 million, while selling, operating, and administrative expenses rose by 10.1%. Earnings from operations increased slightly to $54.9 million and EBITDA increased to $83.4 million. Net earnings decreased by 3.0% to $36.9 million. Adjusted net earnings increased by 1.6% to $40.7 million. Adjusted EBITDA increased to $88.4 million.



Read more at GlobeNewswire: The North West Company Inc. Announces Second Quarter