Saputo recently reported its financial results for the first quarter of fiscal year 2025. With a strategic plan in action, the company has been making steady gains throughout its quarter, including revenues of CDN $4.606 billion (USD 3.356 billion), a gain of CDN $399 million (USD 291 million).
“We delivered a very good first quarter with strong revenue and adjusted EBITDA growth and solid cash generation. More importantly, we are clearly seeing the benefits from the bold actions we have taken over the past few years. Capital projects in the [United States] are now up and running, while other expansion and modernization efforts around the globe remain right on track,” commented Lino A. Saputo, Chair of the Board, President, and Chief Executive Officer.
According to a press release, highlights from the quarter include the following. Please note that all amounts in this news release are in millions of Canadian dollars (CDN), except per share amounts, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).
Saputo went on to note that the dairy climate in the United States is settling down somewhat.
“The dairy commodity environment in the U.S. also began to stabilize during the quarter, providing a more favorable backdrop for our business. We remain optimistic heading into the balance of the year as we make further progress on delivering our strategic plan benefits,” he continued. “Our team is focused on driving savings through our initiatives and on capturing incremental value from our investments. This is already evident in our results and we anticipate these areas of focus to continue to drive momentum throughout the rest of fiscal 2025.”
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