RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%

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ADENTRA’s (TSX: ADEN) Q3 Profit Plunges Amid Revenue Decline

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Highlights

ADENTRA Inc. (TSX: ADEN) is a distributor of architectural products to home centers, fabricators, and professional dealers. Operating a network in North America of 86 facilities in the United States and Canada, ADEN services the new residential, repair and remodel, and commercial construction end markets.

In the third quarter of the fiscal year 2023, ADEN secured a gross profit percentage of 21.2%, as compared to 20.4% in the previous quarter (Q2 2023). The company recorded an adjusted EBITDA of USD 51.8 million in the reporting period. Also, ADEN’s bank debt reduced by USD 49.6 million in Q3 FY23. Its debt- to-equity ratio also decreased from 1.26x in Q2 2023 to 1.15x in Q3 2023.

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