06:29 AM EDT, 03/22/2024 (MT Newswires) -- K-Bro Linen Inc. ( KBRLF ) overnight Thursday reported fourth-quarter net earnings of $4.2 million, or $0.396 per diluted share, up from $280,000, or $0.026 per diluted share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $82.5 million, up from $70.7 million a year earlier.

Adjusted EBITDA in Q4 was $13.3 million, up from $8.7 million a year earlier.

The company said its healthcare and hospitality segments continue to experience steady growth trends. For the healthcare segment, the company expects activity levels to remain strong from continued focus on cutting wait times and enhancing patient care.

For the hospitality segment, K-Bro expects solid activity levels from both business and leisure travel reflecting historical seasonal trends.