Saputo Reports Financial Results for Second Quarter of Fiscal 2025; Carl Colizza Comments

Saputo has reported its financial results for the second quarter of fiscal 2025, which ended on September 30, 2024. The report outlined that revenues amounted to $4.708 billion CAD ($3.38B USD), up $385 million ($276.64M USD) or 8.9 percent.

“We made further progress during the second quarter, both in the execution of our long-term strategy and with the achievement of important milestones related to innovation, efficiency, and network optimization,” said Carl Colizza, President and Chief Executive Officer, according to a press release.

Other highlights from the report include:

• Net earnings totaled $126 million, down from $156 million. Net earnings per share (EPS) (basic and diluted) were $0.30, down from $0.37
• Adjusted EBITDA amounted to $389 million, down $9 million or 2.3 percent
• Adjusted net earnings totaled $157 million, down from $181 million, and adjusted EPS (basic and diluted) was $0.37, down from $0.43

“Our steady cash generation enabled us to attain a pivotal step within our capital allocation program, as we announce today our intention to make a normal course issuer bid. While we remain focused on executing on our strategic initiatives, we believe this initiative will optimize our capital structure and underscore our commitment to drive long-term value creation,” Colizza added.

For more from the release, click here.

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