/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, BC, March 25, 2025 /CNW/ - Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful closing of the issue and sale of an additional $22,500,000 aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the "Debentures") pursuant to the exercise of the over-allotment option granted to the syndicate of underwriters which was co-led by CIBC Capital Markets, National Bank Financial Inc., BMO Capital Markets and Scotiabank, and included Desjardins Securities Inc., Raymond James Ltd., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., Stifel Nicolaus Canada Inc. and Ventum Capital Markets.
VANCOUVER, BC, March 21, 2025 /CNW/ - Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the fourth quarter of 2024.
FOURTH QUARTER HIGHLIGHTS
Record fourth quarter revenue of $1.64 billion representing a 5.4%, or $84.4 million, increase as compared to the fourth quarter of 2023Solid progress on Specialty Foods' core U.S. growth initiatives in protein and baked goods, which for the quarter generated organic volume growth rates of 21.9% and 22.4%, respectively. Specialty Foods' sandwich sales were relatively flat as volume growth in the club store channel and higher selling prices were offset by consumer demand related challenges in the foodservice channelRecord fourth quarter adjusted EBITDA1 of $148.7 million representing an 8.4%, or $11.5 million, increase as compared to the fourth quarter of 2023Fourth quarter adjusted EPS1 of $1.05 per share representing a 23.5%, or $0.20 per share, increase as compared to the fourth quarter of 20232025 sales and adjusted EBITDA1 guidance ranges of $7.2 billion to $7.4 billion, and $680 million to $700 million, respectivelyDeclared a dividend of $0.85 per common share for the first quarter of 2025Subsequent to the quarter, completed the acquisition of Denmark Sausage, LLC/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, BC, March 20, 2025 /CNW/ - Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce that, pursuant to the underwriting agreement dated March 7, 2025 between the Company and a syndicate of underwriters which was co-led by CIBC Capital Markets, National Bank Financial Inc., BMO Capital Markets and Scotiabank, and included Desjardins Securities Inc., Raymond James Ltd., RBC Dominion Securities Inc., TD Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., Stifel Nicolaus Canada Inc. and Ventum Capital Markets (collectively, the "Underwriters"), the Underwriters have exercised their option to purchase an additional $22,500,000 aggregate principal amount of 5.50% convertible unsecured subordinated debentures. The closing of the over-allotment option is expected to be completed on March 25, 2025.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, BC, March 19, 2025 /CNW/ - Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce the successful closing of the issue and sale of $150,000,000 aggregate principal amount of 5.50% convertible unsecured subordinated debentures (the "Offered Debentures") at a price (the "Debenture Issuance Price") of $1,000 per Offered Debenture, for aggregate gross proceeds to the Company of $150,000,000 (the "Offering").
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, March 14, 2025 /CNW/ - Premium Brands Holdings Corporation ("Premium Brands" or the "Company") (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, is pleased to announce that, in connection with the previously announced "bought-deal" financing co-led by CIBC Capital Markets, National Bank Financial, BMO Capital Markets, and Scotiabank on behalf of a syndicate of underwriters (the "Underwriters"), it has filed a final short form prospectus dated March 14, 2025 (the "Final Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada and has obtained a receipt therefor.
VANCOUVER, BC, March 10, 2025 /CNW/ - Premium Brands Holdings Corporation (TSX: PBH) (the "Company"), a leading producer, marketer and distributor of branded specialty food products, will release its fourth quarter 2024 results on Friday, March 21, 2025.
Pre-recorded Management Remarks, Press Release and Investor Presentation
Please note that management's pre-recorded remarks, a press release including financial statements and segment information and an investor presentation will be available on the morning of Friday, March 21, 2025 at 4:00 a.m. Vancouver time (7:00 a.m. Toronto Time) at the Company's website at http://www.premiumbrandsholdings.com.
VANCOUVER, BC, Dec. 30, 2024 /CNW/ - December 30, 2024. Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today that it has completed the following strategic transactions:
The acquisition of NSP Quality Meats (NSP), a cooked protein and deli meats manufacturer with plants located in Oklahoma, Texas and MissouriThe acquisition of Casa Di Bertacchi (Casa), a manufacturer of branded and private label cooked protein products with a plant in New JerseyThe acquisition of Italia Salami (Italia), a manufacturer of authentic dry cured Italian salami with a plant in OntarioThe sale and leaseback of the Company's recently expanded Hempler's deli meats production facility in Washington resulting in gross proceeds of approximately US$68.0 millionVANCOUVER, BC, Nov. 6, 2024 /CNW/ - Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the third quarter of 2024.
THIRD QUARTER HIGHLIGHTS
Record third quarter revenue of $1.67 billion representing a 1.3%, or $22.0 million, increase as compared to the third quarter of 2023Solid progress on Specialty Foods' core U.S. growth initiatives in protein and baked goods, which for the quarter generated organic volume growth rates of 7.8% and 25.3%, respectively. Specialty Foods' U.S. growth initiatives in sandwiches were impacted by consumer demand related challenges faced by a major foodservice customerRecord third quarter adjusted EBITDA1 of $159.4 million representing a 0.4%, or $0.6 million, increase as compared to the third quarter of 2023Third quarter adjusted EPS1 of $1.11 per share representing a 12.6%, or $0.16 per share, decrease as compared to the third quarter of 2023Declared a dividend of $0.85 per common share for the fourth quarter of 2024Announced the sale of a redundant vacant property for $26.0 million, which is expected to close in the fourth quarter of 2024Announced the signing of a non-binding letter of intent to sell and lease back a recently expanded production facility located in the State of Washington for US$68.0 million or approximately CA$92.5 millionVANCOUVER, BC, Oct. 25, 2024 /CNW/ - Premium Brands Holdings Corporation (TSX: PBH) (the "Company"), a leading producer, marketer and distributor of branded specialty food products, will release its third quarter 2024 results on Wednesday, November 6, 2024.
Pre-recorded Management Remarks, Press Release and Investor Presentation
Please note that management's pre-recorded remarks, a press release including financial statements and segment information and an investor presentation will be available on the morning of Wednesday, November 6, 2024 at 4:00 a.m. Vancouver time (7:00 a.m. Toronto Time) at the Company's website at http://www.premiumbrandsholdings.com.
VANCOUVER, BC, Aug. 8, 2024 /CNW/ - Premium Brands Holdings Corporation (TSX: PBH), a leading producer, marketer and distributor of branded specialty food products, announced today its results for the second quarter of 2024.
SECOND QUARTER HIGHLIGHTS
Record second quarter revenue of $1.70 billion representing a 4.4%, or $71.8 million, increase as compared to the second quarter of 2023Solid progress on Specialty Foods' core U.S. growth initiatives in sandwiches, protein and baked goods, which for the quarter generated an organic volume growth rate of 12.9% and total sales of $661.4 millionRecord second quarter adjusted EBITDA1 of $164.6 million representing an 8.0%, or $12.2 million, increase as compared to the second quarter of 20239.7% adjusted EBITDA margin, up from 9.3% in the second quarter of 2023Specialty Foods' adjusted EBITDA margin continues to normalize reaching 10.5% for the quarter, a 40-basis point improvement as compared to the second quarter of 2023Second quarter adjusted EPS1 of $1.28 per share representing a 0.8%, or $0.01 per share, increase as compared to the second quarter of 2023Declared a dividend of $0.85 per common share for the third quarter of 2024The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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