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ADENTRA to Host First Quarter 2024 Results Conference Call

CIBC reaffirms Adentra's outperform rating and raises target by C$7 to C$52, noting company is gaining market share with improving M&A prospects; Acumen Capital had named Adentra one of its 'top ideas' for 2024

CIBC reiterates Adentra at outperform, raises target C$5 to C$45, and lifts 2024/2025 EBITDA estimates on higher sales and gross margin expectations; long-term volumes should be supported by North American housing activity remaining above mid-cycle levels

Adentra Q4 net income down to US$8.997M from year ago's US$13.4M, sales down to US$514.9M from year ago's US$574.7M; company notes, longer term, the fundamentals underpinning the North American building products market remain highly favorable

ADENTRA to Reschedule Release of Fourth Quarter and Full-year 2023 Results to March 18

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