Richards Packaging Income Fund (T:RPI.UN)
Business Focus: N/A
| Sector: Basic Materials | Industry: Non-Paper Containers & Packaging |
| Company Contact | |
| Address: | 6095 Ordan Drive MISSISSAUGA ON L5T 2M7 |
| Tel: | 1-905-6707760 |
| Website: | www.richardspackaging.com/about-richards/investor-relations.html |
| IR: | See website |
| Key People | ||
| David L. Prupas President, Chief Operating Officer | Enzio Di Gennaro Chief Financial Officer | |
| Business Overview |
| 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. It is engaged in the distribution of approximately 8,000 different types of packaging components and healthcare products that are sourced from over 900 suppliers and three manufacturing facilities. It sources products from glass and plastic companies both in raw materials and in finished goods. Richards Packaging services include global sourcing, inventory management, manufacturing, and packaging 101. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Richards Packaging Income Fund revenues decreased 5% to C$425.9M. Net income decreased 14% to C$38.9M. Revenues reflect Food, Beverage and Other segment decrease of 20% to C$130.7M, Cosmetics segment decrease of 1% to C$83.6M, United States segment decrease of 12% to C$150.5M, Canada segment decrease of less than 1% to C$275.5M. |
| Employees: | 619 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $403.84M as of Dec 31, 2023 |
| Annual revenue (TTM): | $425.93M as of Dec 31, 2023 |
| EBITDA (TTM): | $67.42M as of Dec 31, 2023 |
| Net annual income (TTM): | $38.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | $62.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $38.37M as of Dec 31, 2023 |
| Shares outstanding: | 11,418,013 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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