RediShred Capital
Logotype for RediShred Capital Corp

RediShred Capital (KUT) investor relations material

RediShred Capital has been delisted

RediShred Capital Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for RediShred Capital Corp
Q3 2024 earnings summary28 Nov, 2024

Executive summary

  • Signed a definitive agreement for acquisition by VRC Companies, LLC at CAD 5 per share, expected to close in Q1 2025, pending approvals.

  • Q3 2024 revenue reached CAD 17.9 million, up 16% year-over-year, with strong organic shredding growth and contributions from acquisitions.

  • Q3 2024 saw continued growth in service revenue, especially recurring shredding services.

  • Organic growth was strong, supported by customer base expansion and price increases.

  • On July 29, 2024, acquired Confidential Shredding LLC, expanding presence in New Jersey and New York.

Financial highlights

  • Q3 2024 consolidated EBITDA was CAD 4.1 million, up 35% year-over-year.

  • Q3 2024 revenue reached CAD 17.9 million, up from CAD 15.4 million in Q3 2023.

  • Year-to-date revenue for the first nine months was CAD 53 million, up from CAD 49.1 million in 2023.

  • Year-to-date EBITDA totaled CAD 12.7 million.

  • Free cash flow for the first nine months was CAD 5.8 million, or CAD 0.32 per share.

Outlook and guidance

  • Transaction with VRC Companies, LLC expected to close in Q1 2025, after shareholder and court approvals.

  • Upon completion, the company will become privately held.

  • Expecting increased scale and route density in the New York, New Jersey market following the Confidential Shredding acquisition.

  • Anticipating a strong finish to the fourth quarter.

Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.
RediShred Capital
Cover every name on your watchlist this earnings season.
Automations, AI chat, and live calls across 16,000+ companies.
Book demo

AI chat

Ask anything. Verify everything.

Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn more

Find what matters

AI across all first-party IR material. Live calls, transcripts, slides, filings.
A cited source card from Adobe's CFO alongside a list of forward-looking statements

Trust every finding

50m+ first-party documents. Every output traceable to its source.

Automations

Zero in on what matters

Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more
An automation set to trigger on the first published earnings document for GE Aerospace

Event-triggered research

Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.
An automation scheduled to run weekly on Mondays at 09:00

Scheduled research

Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.

Live audio & transcripts

Be first

Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more
A live LVMH Q2 2026 earnings call playing in Quartr

Live earnings calls

Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.
A live transcript excerpt from LVMH's Chairman and CEO Bernard Arnault

Live transcripts

Speaker-by-speaker, in real time. Searchable across every live and historical call.

Quartr MCP connects your AI environment to 17K+ public companies

Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more

Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.

Jamie Ross

Investment Manager, GAM Investments

GAM
GAM

Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.

Tom O'Hara

Investment Director

Ciena
Ciena

Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.

Gregg Lampf

VP of Investor Relations

Frequently asked questions

RediShred Capital Corp operates the PROSHRED brand, which provides on-site information destruction services to businesses and consumers, focusing on security and customer service. The company has expanded its services to include document imaging and electronic waste recycling, under the PRO SCAN and Secure e-Cycle brands, respectively. RediShred employs a business model that combines franchising across the United States with direct ownership of shredding trucks and facilities in nine locations. The company's operations are divided into three segments: Franchising and Licensing, Corporate Locations, and Corporate Overhead. The company is headquartered in Mississauga, Ontario and its shares are listed on the TSX.