Richards Packaging Income Fund T.RPI.UN

Alternate Symbol(s): RPKIF

Consumer Cyclical Packaging & Containers

Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions in both glass and plastic containers and closures for a variety of markets. The Company's services consist of global sourcing, inventory management, manufacturing, and packaging 101. The Company also operates other divisions, which includes Clarion Medical Technologies, Dispill, Dosipill International, and Healthmark. Under RICHARDS Pharma Solutions, it offers personal protective equipment (PPE)/specialty, laboratory, and automation solutions as well as products, such as vials, bottles, and ointment and lotion.

TSX:RPI.UN - Post by User

Richards Packaging Income Fund

Bullboard Posts

Post by lotus1on Mar 03, 2018 9:44am

104 Views

Post# 27655840

Solid Results

Current dividend yield of 4.2% is decent enough and company will continue to use cashflow to pay down debt, acquisitions and buy back shares. I think it's prudent, as Gerry Glynn, CEO said in the release and I like his strategy.

Highlights for 2017

*Revenue growth of 3.4%. Organic growth was impressive at 3.5% but currency took away 0.1% of this.

*EBITDA as a percentage of sales rose 0.5% to 13.7%, or by $2.8 mln on an improving mix of business.

*Free cash flow for the year was $8.8M, used to pay down debt of $8.5 mln

*In 2018, company intends to use the cashflow to pay down debt and buy back shares under its NCIB upto 500,000 shares being 5% of outstanding units of 10,893,365, between March 14, 2018 to March 13, 2019.

GLTA

Bullboard Posts

HPQ Silicon updates shareholders on Fumed Silica Reactor developments