WestBond Enterprises Corporation (V:WBE)
Business Focus: Paper Products (NEC)
| Sector: Basic Materials | Industry: Paper Products |
| Company Contact | |
| Address: | 7403 Progress Way, Unit 101 DELTA BC V4G 1E7 |
| Tel: | N/A |
| Website: | https://www.westbond.ca |
| IR: | See website |
| Key People | ||
| Gennaro Magistrale President, Chief Executive Officer, Director | Subhashni Prasad Chief Financial Officer | |
| Business Overview |
| WestBond Enterprises Corporation is a Canada-based paper manufacturer and converter that manufactures disposable paper products for various market segments. The Company operates through its wholly owned subsidiary, WestBond Industries Inc. The Company's away from home products include high sheet count tissue, household bathroom tissue, bathroom tissue jumbo roll, coreless tissue, center feed towels and Airlaid center feed towels. Its clinical disposable paper products include examination table paper, chiropractic rolls, examination drapes, waterproof sheets, pillowcases and examination gowns, and ultrasound towels and wipers. Its long term care products include Airlaid patient wipes and waterproof underlays. Its hospitality and tabletop paper products include Airlaid napkins, guest towels, Airlaid kitchen roll towels and disposable bar towels. Its disinfectant product includes disinfectant wipes and disinfectant sprays. The Airlaid parent rolls include Airlaid rolls for converters. |
| Financial Overview |
| For the nine months ended 31 December 2023, Westbond Enterprises Corp revenues decreased 15% to C$7.3M. Net loss totaled C$46K vs. income of C$579K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Salaries and other employee benefits increase of 7% to C$414K (expense), Foreign exchange (gain) loss decrease from C$18K (income) to C$4K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6.91M as of Dec 31, 2023 |
| Annual revenue (TTM): | $9.83M as of Dec 31, 2023 |
| EBITDA (TTM): | $1.37M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.05M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.15M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2.41M as of Dec 31, 2023 |
| Shares outstanding: | 35,625,800 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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