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Richards Packaging Income Fund (T:RPI.UN)

Business Focus: Non-Paper Containers & Packaging (NEC)

Sector:  Basic Materials Industry:  Non-Paper Containers & Packaging
See Regulatory Filings on SEDAR
Company Contact
Address: 6095 Ordan Drive
Tel: 1-905-6707760
IR: See website
Key People
Donald Arthur Wright
Independent Chairman of the Board of Trustees
David L. Prupas
President, Chief Operating Officer
Gerry Glynn
Chief Executive Officer, Trustee
Enzio Di Gennaro
Chief Financial Officer
Business Overview
Richards Packaging Income Fund (the Fund) is a Canada-based is a limited purpose, open-ended trust. The Fund invests in packaging distribution businesses throughout North America. The Fund's subsidiary, Richards Packaging Inc. (Richards Packaging), is principally engaged in the distribution of plastic and glass containers and associated closures. The Company is a full-service packaging distributor targeting small and medium-sized North American businesses. Richards Packaging serves a customer base of approximately 17,000 regional food, beverage, cosmetic, healthcare and other enterprises. Richards Packaging distributes over 8,000 different types of packaging components and healthcare products is sourced from over 900 suppliers and four dedicated manufacturing facilities. Its other divisions include Clarion Medical Technologies, Dispill, Dosipill International, Healthmark and RICHARDS Pharma Solutions.
Financial Overview
For the nine months ended 30 September 2021,Richards Packaging Income Fund revenues decreased 8% toC$335.1M. Net income decreased 28% to C$19.7M. Revenuesreflect Cosmetics segment decrease of 42% to C$55.8M, Food,Beverage and Other segment decrease of 5% to C$81.3M,United States segment decrease of 31% to C$152.1M. Netincome also reflects Financial expenses increase of 16% toC$4.2M (expense).
Employees: 703 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $691.05M as of Sep 30, 2021
Annual revenue (TTM): $459.79M as of Sep 30, 2021
EBITDA (TTM): $65.64M as of Sep 30, 2021
Net annual income (TTM): $42.42M as of Sep 30, 2021
Free cash flow (TTM): $34.22M as of Sep 30, 2021
Net Debt Last Fiscal Year: $55.48M as of Sep 30, 2021
Shares outstanding: 11,645,613 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization