The North West Company Inc. Announces Second Quarter Earnings and Quarterly Dividend Increase

WINNIPEG, Manitoba, Sept. 4, 2024 (GLOBE NEWSWIRE) — (TSX: NWC): The North West Company Inc. (the “Company” or “North West”) today announced its unaudited financial results for the second quarter ended July 31, 2024. It also announced that the Board of Directors has declared a quarterly dividend of $0.40, an increase of $0.01, or 2.6%, per share, for shareholders of record as of September 30, 2024, payable on October 15, 2024.

“Overall, we are very pleased with this quarter’s results. We increased adjusted EBITDA and adjusted net income compared to a strong second quarter last year,” commented President and CEO Dan McConnell. “Looking ahead, we are optimistic about the foundation we are building across our business. We are focused on operational excellence initiatives and the momentum of our Canadian business. Together, we should offset the near-term uncertainty related to economic and inflationary pressures in our international businesses.”