08:04 AM EDT, 03/15/2024 (MT Newswires) -- Premium Brands Holdings Corporation ( PRBZF ) , a producer, marketer and distributor of branded specialty food products, on Friday announced its Q4 2023 results.

The company recorded quarterly revenue of $1.55 billion, compared with $1.63 billion, the year before.

Net earnings was $15 million, or $0.34 per share, compared with $30.9 million, and $0.69 per share, for Q4 2022.

Premium Brands ( PRBZF ) reported adjusted earnings of $37.9 million or $0.85 per adjusted share. The comparable figures for the prior year were $52.9 million, and $1.19, respectively.

The board approved a cash dividend of $0.85 per share (up from $0.77) for the first quarter of 2024, which will be payable on April 15.

For 2024, the company expects its sales to be between $6.65 billion and $6.85 billion and its adjusted EBITDA to be between $630 million and $650 million.

It added that it remains on track to meet or exceed the five-year targets it set at the beginning of 2023.