Canada Packers Reports Q3 Non-GAAP EPS of $0.23 Amid Declining Revenue
Canada Packers Inc. (CPKR:CA) has released its third-quarter financial results, reporting a non-GAAP earnings per share (EPS) of $0.23. The company experienced a significant year-over-year revenue decline, with total revenue falling 12.7% to $420.7 million. Operational cash flow also saw a notable decrease, dropping to $24.70 million from $41.90 million in the same period last year. The company's balance sheet shows a net debt position of $428.70 million, maintaining a leverage ratio of 2.8x relative to its trailing twelve months adjusted EBITDA.