Cogeco Communications Reports Strong Q3 Free Cash Flow Amid U.S. Cable Challenges
Cogeco Communications reported CAD 169 million in free cash flow for fiscal Q3 with cumulative free cash flow reaching CAD 450 million year-to-date, driven by strong performance in Canada and cost discipline. However, the company faces ongoing challenges in its U.S. cable business, leading to a CAD 1.8 billion non-cash impairment charge.
Topics: adjusted EBITDA growth free cash flow impairment charge U.S. cable business performance