TORONTO, ON / ACCESSWIRE / January 18, 2022 / Today, Park Lawn Corporation (TSX:PLC) (“PLC” or the “Company“) announced that it intends to participate in the 25th Annual CIBC Western Institutional Investor Conference on Wednesday, January 19 and Thursday, January 20, 2022.
In advance of the conference, the Company has updated the investor presentation on the Company’s website. The updated investor presentation discloses that, before considering the impact of any potential future acquisitions, the Company expects to modestly exceed its previously disclosed aspirational growth target of $100 million in pro forma Adjusted EBITDA by the end of 2022. The updated investor presentation is located under the “Investors” tab on the Company’s website at www.parklawncorp.com.
About Park Lawn Corporation
PLC provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). PLC and its subsidiaries own and operate businesses including cemeteries, crematoria, funeral homes, chapels, planning offices and a transfer service. PLC operates in three Canadian provinces and sixteen U.S. states.
Non‐IFRS Measures
Adjusted EBITDA is not a measure recognized under IFRS and does not have a standardized meaning prescribed by IFRS. Such measure is presented in this news release because management of PLC believes that such measure is relevant in evaluating PLC’s operating performance. Such measure, as computed by PLC, may differ from similar computations as reported by other similar organizations and, accordingly, may not be comparable to similar measures reported by such other organizations. Please see PLC’s most recent Management’s Discussion and Analysis for how the Company reconciles Adjusted EBITDA to the nearest IFRS measure.
Cautionary Statement Regarding Forward‐Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws relating to the business of PLC and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate”, “pro-forma” and other similar expressions. These statements are based on PLC’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the pro forma Adjusted EBITDA growth target that PLC expects to achieve by the end of 2022. The forward-looking statements in this news release are based on certain assumptions, including those set out under the heading “Outlook” in PLC’s management’s discussion and analysis for the second quarter of 2018 (filed on SEDAR on August 14, 2018), that regulatory restrictions relating to the COVID-19 pandemic …….
Source: https://finance.yahoo.com/news/park-lawn-corporation-participate-25th-220000578.html