Globe & Mail 09:56 AM EDT, 11/04/2021 (MT Newswires) -- Premium Brands (PBH.TO) reported Thursday adjusted Q3 earnings of $57.8 million, or $1.33 per share, as compared with year-ago earnings of $42 million, or $1.07 per share. Analysts polled by Capital IQ estimated EPS of $1.35.
The weighted average shares outstanding for the quarter were 43.5 million, versus 39.2 million a year earlier.
Revenue for the quarter ended Sept. 25 reached $1.34 billion, up from year-ago revenue of $1.10 billion. Analysts polled by Capital IQ expected revenue of $1.31 billion.
Looking ahead to 2021, the company said it expects sales of $4.70 billion to $4.85 billion and its adjusted EBITDA of $423 million to $436.5 million.
The company's board approved a cash dividend of $0.635 per share for the fourth quarter. The dividend will be payable on Jan. 17, 2022, to shareholders of record at the close of business on Dec. 31.
Further, the company said it completed the acquisitions of Maid-Rite Specialty Foods, a Pennsylvania-based manufacturer of customized cooked and raw protein services for retail and foodservice customers across Canada and the US; and Westmorland Fisheries, a New Brunswick based processor, distributor, and marketer of lobster products.
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