• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SunOpta Announces First Quarter Fiscal 2025 Financial Results

    5/7/25 5:00:00 PM ET
    $STKL
    Farming/Seeds/Milling
    Industrials
    Get the next $STKL alert in real time by email

    Revenue from continuing operations increased 9% to $202 million, driven by continued volume growth

    Earnings from continuing operations of $4.8 million compared to $3.8 million in the prior year

    Adjusted EBITDA from continuing operations increased 2% to $22.4 million

    Adjusted EPS of $0.04 compared to $0.02 in the prior year

    Share Repurchase Authorization of up to $25 million

    Raising 2025 outlook

    SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), the company that delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks today announced financial results for the first quarter ended March 29, 2025.

    All amounts are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted.

    First quarter 2025 highlights:

    • Revenues of $201.6 million increased 9.3% compared to $184.4 million in the prior year period, driven by 12.2% volume growth partially offset by a 1.7% price reduction for pass-through raw material cost savings
    • Earnings from continuing operations of $4.8 million compared to $3.8 million in the prior year period
    • Adjusted earnings¹ from continuing operations of $5.3 million compared to $1.9 million in the prior year period
    • Adjusted earnings per share¹ from continuing operations of $0.04 compared to $0.02 in the prior year period
    • Adjusted EBITDA¹ from continuing operations increased 2.4% to $22.4 million, or 11.1% of revenues, compared to $21.9 million, or 11.9% of revenues, in the prior year period
    • Strong cash contribution from continuing operations of $22.3 million compared to $7.4 million in the prior year

    "First quarter results exceeded our expectations, and we again delivered double-digit volume growth driven by broad-based gains across segments, products and customers," said Brian Kocher, Chief Executive Officer of SunOpta. "Efforts to unlock latent capacity are ahead of schedule and our margin improvement initiatives are expected to deliver quarterly sequential margin increases throughout 2025. We are also seeing growth in our sales pipeline, reflecting incremental opportunities from both existing and potential new customers. In addition to our focus on improving margins, we remain tightly focused on optimizing cash flow and deleveraging - efforts that provide optionality and flexibility, positioning us to drive higher returns and long-term value for shareholders."

    First Quarter 2025 Results

    Revenues increased 9.3% to $201.6 million for the first quarter of 2025. The increase was driven by favorable volume/mix of 12.2%, partially offset by a price reduction of 1.7% due to the pass through of certain raw material cost savings, together with a 1.3% impact related to our exit from the smoothie bowls category in March 2024. Growth in volume/mix reflected volume increases for plant-based beverages, broth and fruit snacks.

    Gross profit decreased by $0.8 million, or 2.4%, to $30.3 million for the first quarter, compared to $31.1 million in the prior year period. As a percentage of revenues, gross profit margin was 15.0% compared to 16.8% in the first quarter of 2024. Adjusted gross margin¹ was 15.3% compared to 17.0% in the first quarter of 2024. The 170-basis point decrease reflects investments in talent and infrastructure to improve long-term margins, the inefficiencies related to temporary volume limitations resulting from the excess wastewater issue at our Midlothian, Texas, facility, and incremental depreciation related to assets recently placed in service but not fully utilized as production ramps up. These factors were partially offset by higher sales and production volumes for beverages, broths and fruit snacks driving improved plant utilization.

    Operating income was $10.5 million up from $10.1 million in the first quarter of 2024, reflecting lower stock-based compensation in the first quarter of 2025, partially offset by a non-recurring gain on the sale of the smoothie bowl product line in the first quarter of 2024, together with lower gross profit.

    Earnings from continuing operations were $4.8 million for the first quarter of 2025 compared with earnings of $3.8 million in the prior year period. Diluted earnings per share from continuing operations attributable to common shareholders (after accretion on preferred stock) was $0.04 for the first quarter compared with diluted earnings per share of $0.03 in the prior year period (after dividends and accretion on preferred stock).

    Adjusted earnings¹ from continuing operations were $5.3 million or $0.04 per diluted share in the first quarter of 2025 compared to adjusted earnings from continuing operations of $1.9 million or $0.02 per diluted share in the first quarter of 2024.

    Adjusted EBITDA¹ from continuing operations was $22.4 million in the first quarter of 2025 compared to $21.9 million in the first quarter of 2024.

    Please refer to the discussion and table below under "Non-GAAP Measures".

    Balance Sheet and Cash Flow

    As of March 29, 2025, SunOpta had total assets of $690.7 million and total debt of $260.6 million compared to total assets of $668.5 million and total debt of $265.2 million at year end fiscal 2024. During the first quarter of fiscal 2025, cash provided by operating activities of continuing operations was $22.3 million compared to $7.4 million during the first quarter of 2024. The increase in cash provided from operating activities mainly reflected improved working capital efficiency. Investing activities of continuing operations consumed $15.2 million of cash during the first quarter of fiscal 2025 compared to $4.2 million in the first quarter of fiscal 2024, reflecting higher capital expenditures, intangible asset purchase of increased wastewater allowance together with the non-recurring proceeds from the sale of the smoothie bowl product line in 2024. Leverage was 2.9x, compared to 3.0x at the end of fiscal 2024 and we continue to expect to be at our 2.5x leverage target by the end of 2025.

    Capital Allocation Priorities and Share Repurchase Authorization

    Our capital allocation priorities are to achieve our leverage target of 2.5 times, followed by investing in growth capex, with the third priority being returning capital to shareholders. While our immediate plans are to achieve our 2.5x leverage target, since we currently do not envision needing growth capex in 2025, we would like to be positioned for opportunistic share repurchases if we are trending ahead of plan and have excess cash available while still being able to meet our leverage target. Accordingly, on May 5, 2025, the Company's board of directors approved a share repurchase program, authorizing the Company to purchase up to an aggregate $25 million of the Company's common shares. The size and timing of repurchases, if any, will be determined by the Company's management and will depend upon a multitude of factors, including the Company's progress towards its leverage target, financial position, capital allocation priorities, market conditions, regulatory requirements and other considerations.

    Tariffs

    Tariffs continue to be an evolving situation that we continue to monitor. While our employees, production facilities, and customers are predominately located in the U.S. (in 2024, 98% of revenue was to U.S. based customers), we source a portion of our raw material ingredients and packaging globally, and a portion of our fruit snack products are imported into the U.S. from our Niagara, Ontario, facility. In response to these tariffs, we started communications with our customers at the beginning of the year and we intend to pass-through substantially all the incremental costs to our customers, similar to our pass-through pricing of raw material cost increases.

    2025 Outlook2

    For fiscal 2025, the Company is raising its outlook reflecting the strong first quarter and continues to expect strong growth in revenue and adjusted EBITDA:

    ($ millions)

    Prior Outlook

     

     

    Revised

    Outlook

    Revenue

    $

    775 - 805

     

    $

    788 - 805

    Adj. EBITDA

    $

    97 – 103

     

    $

    99 - 103

    Revenue Growth

     

    7% - 11%

     

     

    9% - 11%

    Adj. EBITDA growth

     

    9% - 16%

     

     

    12% - 16%

    We expect to pass-through substantially all incremental costs due to tariffs to our customers and do not expect a material impact on Adjusted EBITDA. However, there could be an increase in revenue and decrease in gross margin and adjusted EBITDA margin simply due to the pass through of the incremental tariff costs which is not reflected in the outlook above.

    Kocher continued, "Based on the Q1 results and the notable increase in our sales pipeline, I'm very confident in our 2025 outlook and in achieving 2026 revenue and adjusted EBITDA growth rates that approximate the midpoints of our long-term algorithm of 10% and 15%, respectively."

    Conference Call

    SunOpta plans to host a conference call at 5:30 P.M. Eastern time on Wednesday, May 7, 2025, to discuss the first quarter financial results. After prepared remarks, there will be a question and answer period. Investors interested in listening to the live webcast can access a link on SunOpta's website at www.sunopta.com under the "Investor Relations" section or directly. A replay of the webcast will be archived and can be accessed for approximately 90 days on the Company's website.

    This call may be accessed with the toll free dial-in number (800) 715-9871 or international dial-in number (646) 307-1963 using Conference ID: 8323651.

    The quarterly earnings presentation, including the long-term grow algorithm and capital allocation priorities, can be accessed through the live webcast referenced above, and on SunOpta's website at www.sunopta.com under the "Investor Relations" section or directly.

    ¹ See discussion of non-GAAP measures

    2 The Company has included certain forward-looking statements about the future financial performance that include non-GAAP financial measures, including Adjusted EBITDA. These non–GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because management cannot reliably predict all the necessary components of such GAAP measures. Historically, management has excluded the following items from certain of these non-GAAP measures, and such items may also be excluded in future periods and could be significant amounts.

    • Expenses related to the acquisition or divestiture of a business, including business development costs, impairment of assets, integration costs, severance, retention costs and transaction costs;
    • Charges associated with restructuring and cost saving initiatives, including but not limited to asset impairments, accelerated depreciation, severance costs and lease abandonment charges;
    • Asset impairment charges and facility closure costs;
    • Legal settlements or awards; and
    • The tax effect of the above items.

    About SunOpta

    SunOpta (NASDAQ:STKL) (TSX:SOY) delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks. With over 50 years of expertise, SunOpta fuels customers' growth with high-quality, sustainability-forward solutions distributed through retail, club, foodservice and e-commerce channels across North America. For more information, visit www.sunopta.com or follow us on LinkedIn.

    Forward-Looking Statements

    Certain statements included in this press release may be considered "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, which are based on information available to us on the date of this release. These forward-looking statements include, but are not limited to, our intention to maintain our disciplined financial approach to deliver sustainable gross margin improvement and continue to generate significant free cash flow, our expectation to continue de-levering our balance sheet and drive increasing returns on invested capital, share repurchases, our expectations to recover tariff impacts through pass-through pricing, and our anticipated Revenue, Adjusted EBITDA, Revenue growth and Adjusted EBITDA growth for fiscal 2025. Generally, forward-looking statements do not relate strictly to historical or current facts and are typically accompanied by words such as "potential", "expect", "believe", "anticipate", "estimates", "can", "will", "target", "should", "would", "plans", "continue", "becoming", "intend", "confident", "may", "project", "intention", "might", "predict", "budget", "forecast" or other similar terms and phrases intended to identify these forward-looking statements. Forward-looking statements are based on information available to the Company on the date of this release and are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments including, but not limited to, the Company's actual financial results; uninterrupted operations and service levels to our customers; current customer demand for the Company's products; general economic conditions; continued consumer interest in health and wellness; the Company's ability to maintain product pricing levels; planned facility and operational expansions, closures and divestitures; cost rationalization and product development initiatives; alternative potential uses for the Company's capital resources; portfolio optimization and productivity efforts; the sustainability of the Company's sales pipeline; the Company's expectations regarding commodity pricing, margins and hedging results; procurement and logistics savings; freight lane cost reductions; yield and throughput enhancements; labor cost reductions; and the terms of our insurance policies. Whether actual timing and results will agree with expectations and predictions of the Company is subject to many risks and uncertainties including, but not limited to, potential loss of suppliers and customers as well as the possibility of supply chain, logistics and other disruptions; unexpected issues or delays with the Company's structural improvements and automation investments; failure or inability to implement portfolio changes, process improvements, go-to-market improvements and process sustainability strategies in a timely manner; changes in the level of capital investment; local and global political and economic conditions; consumer spending patterns and changes in market trends; decreases in customer demand; delayed or unsuccessful product development efforts; potential product recalls; working capital management; availability and pricing of raw materials and supplies; potential covenant breaches under the Company's credit facilities; the impact of the imposition of tariffs, including increases in food prices and inflation, and any resulting negative impacts on the macro-economic environment; and other risks described from time to time under "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q (available at www.sec.gov). Consequently, all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized. The Company undertakes no obligation to publicly correct or update the forward-looking statements in this document, in other documents, or on its website to reflect future events or circumstances, except as may be required under applicable securities laws.

    SunOpta Inc.

     

     

    Consolidated Statements of Operations

     

     

    For the quarters ended March 29, 2025 and March 30, 2024

    (Unaudited)

     

     

    (All dollar amounts expressed in thousands of U.S. dollars, except per share amounts)

     

     

     

     

    Quarter ended

     

    March 29, 2025

    March 30, 2024

     

    $

    $

     

     

     

     

     

     

    Revenues

    201,628

     

    184,422

     

    Cost of goods sold

    171,309

     

    153,370

     

     

    Gross profit

    30,319

     

    31,052

     

    Selling, general and administrative expenses

    19,196

     

    22,334

     

    Intangible asset amortization

    446

     

    446

     

    Other expense (income), net

    75

     

    (1,800

    )

    Foreign exchange loss (gain)

    115

     

    (51

    )

     

    Operating income

    10,487

     

    10,123

     

    Interest expense, net

    5,107

     

    6,050

     

    Other non-operating expense

    422

     

    -

     

     

    Earnings from continuing operations before income taxes

    4,958

     

    4,073

     

    Income tax expense

    147

     

    277

     

     

    Earnings from continuing operations

    4,811

     

    3,796

     

    Net loss from discontinued operations

    -

     

    (917

    )

     

    Net earnings

    4,811

     

    2,879

     

    Dividends and accretion on preferred stock

    (140

    )

    (433

    )

    Earnings attributable to common shareholders

    4,671

     

    2,446

     

     

     

     

    Basic and diluted earnings (loss) per share

     

     

    Earnings from continuing operations attributable to common shareholders

    0.04

     

    0.03

     

    Loss from discontinued operations

    -

     

    (0.01

    )

    Earnings attributable to common shareholders

    0.04

     

    0.02

     

     

     

     

    Weighted-average common shares outstanding (000s)

     

     

    Basic

    117,201

     

    116,033

     

    Diluted

    125,007

     

    117,558

     

    SunOpta Inc.

     

     

    Consolidated Balance Sheets

     

     

    As at March 29, 2025 and December 28, 2024

     

     

    (Unaudited)

     

     

    (All dollar amounts expressed in thousands of U.S. dollars)

     

     

     

     

     

    March 29, 2025

    December 28, 2024

     

    $

    $

     

     

     

    ASSETS

     

     

    Current assets

     

     

    Cash and cash equivalents

    2,299

     

    1,552

     

    Accounts receivable

    64,099

     

    46,314

     

    Inventories

    99,407

     

    92,798

     

    Prepaid expenses and other current assets

    15,189

     

    14,680

     

    Income taxes recoverable

    696

     

    4,114

     

    Total current assets

    181,690

     

    159,458

     

     

     

     

    Restricted cash

    7,442

     

    7,460

     

    Property, plant and equipment, net

    343,465

     

    343,618

     

    Operating lease right-of-use assets

    103,323

     

    105,692

     

    Intangible assets, net

    22,566

     

    20,077

     

    Goodwill

    3,998

     

    3,998

     

    Other long-term assets

    28,201

     

    28,224

     

    Total assets

    690,685

     

    668,527

     

     

     

     

    LIABILITIES

     

     

    Current liabilities

     

     

    Accounts payable

    113,649

     

    93,362

     

    Accrued liabilities

    21,501

     

    17,876

     

    Notes payable

    9,772

     

    11,110

     

    Income taxes payable

    670

     

    638

     

    Current portion of long-term debt

    28,429

     

    29,393

     

    Current portion of operating lease liabilities

    16,835

     

    17,055

     

    Total current liabilities

    190,856

     

    169,434

     

     

     

     

    Long-term debt

    232,153

     

    235,798

     

    Operating lease liabilities

    97,348

     

    99,328

     

    Deferred income taxes

    325

     

    325

     

    Total liabilities

    520,682

     

    504,885

     

     

     

     

    Series B-1 Preferred Stock

    15,188

     

    15,048

     

     

     

     

    SHAREHOLDERS' EQUITY

     

     

    Common shares

    472,763

     

    471,792

     

    Additional paid-in capital

    31,354

     

    30,775

     

    Accumulated deficit

    (351,311

    )

    (355,982

    )

    Accumulated other comprehensive income

    2,009

     

    2,009

     

    Total shareholders' equity

    154,815

     

    148,594

     

    Total liabilities and shareholders' equity

    690,685

     

    668,527

     

    SunOpta Inc.

     

     

     

    Consolidated Statements of Cash Flows

     

     

     

    For the quarters ended March 29, 2025 and March 30, 2024

     

    (Unaudited)

     

     

     

    (Expressed in thousands of U.S. dollars)

     

     

     

     

     

     

     

    Quarters ended

     

     

    March 29, 2025

    March 30, 2024

     

     

    $

    $

     

     

     

     

    CASH PROVIDED BY (USED IN)

     

     

     

    Operating activities

     

     

     

    Net earnings

     

    4,811

     

    2,879

     

    Net loss from discontinued operations

     

    -

     

    (917

    )

    Earnings from continuing operations

     

    4,811

     

    3,796

     

    Items not affecting cash:

     

     

     

    Depreciation and amortization

     

    9,726

     

    8,576

     

    Amortization of debt issuance costs

     

    249

     

    229

     

    Stock-based compensation

     

    1,543

     

    4,645

     

    Gain on sale of smoothie bowls product line

     

    -

     

    (1,800

    )

    Other

     

    (97

    )

    (97

    )

    Changes in operating assets and liabilities, net of divestitures

     

    6,049

     

    (7,947

    )

    Net cash provided by operating activities of continuing operations

     

    22,281

     

    7,402

     

    Net cash used in operating activities of discontinued operations

     

    -

     

    (2,133

    )

     

    Net cash provided by operating activities

     

    22,281

     

    5,269

     

     

    Investing activities

     

     

     

    Additions to property, plant and equipment

     

    (12,735

    )

    (7,548

    )

    Addition to intangible assets

     

    (2,419

    )

    -

     

    Proceeds from sale of smoothie bowls product line

     

    -

     

    3,336

     

    Net cash used in investing activities of continuing operations

     

    (15,154

    )

    (4,212

    )

    Net cash provided by investing activities of discontinued operations

     

    -

     

    6,300

     

    Net cash provided by (used in) investing activities

     

    (15,154

    )

    2,088

     

     

    Financing activities

     

     

     

    Increase (decrease) in borrowings under revolving credit facilities

     

    (1,437

    )

    250

     

    Repayment of long-term debt

     

    (12,115

    )

    (4,782

    )

    Borrowings of long-term debt

     

    8,485

     

    -

     

    Proceeds from notes payable

     

    41,750

     

    33,424

     

    Repayment of notes payable

     

    (43,088

    )

    (34,373

    )

    Proceeds from the exercise of stock options and employee share purchases

     

    368

     

    314

     

    Payment of withholding taxes on stock-based awards

     

    (361

    )

    (86

    )

    Payment of cash dividends on preferred stock

     

    -

     

    (305

    )

    Net cash used in financing activities of continuing operations

     

    (6,398

    )

    (5,558

    )

     

    Increase in cash, cash equivalents and restricted cash in the period

     

    729

     

    1,799

     

    Cash, cash equivalents and restricted cash, beginning of the period

     

    9,012

     

    8,754

     

     

    Cash, cash equivalents and restricted cash, end of the period

     

    9,741

     

    10,553

     

    Non-GAAP Measures

    Adjusted Gross Margin

    Gross margin is a measure of gross profit (equal to revenues less cost of goods sold) as a percentage of revenues. The Company uses a measure of adjusted gross margin that excludes unusual items that are identified and evaluated on an individual basis, which due to their nature or size, the Company would not expect to occur as part of its normal business on a regular basis. The Company uses the measure of adjusted gross margin to evaluate the underlying profitability of its revenue-generating activities within each reporting period. The Company believes that disclosing this non-GAAP measure provides users with a meaningful, consistent comparison of its profitability measure for the periods presented. However, the non-GAAP measure of adjusted gross margin should not be considered in isolation or as a substitute for gross margin calculated based on gross profit determined in accordance with U.S. GAAP.

    The following table presents a reconciliation of adjusted gross margin from reported gross margin calculated in accordance with U.S. GAAP.

     

    Revenues

    Cost of Goods Sold

    Gross Profit

    First Quarter Ended

    $

    $

    $

    March 29, 2025

     

     

     

    As reported

    201,628

    171,309

     

    30,319

     

    Adjustments:

     

     

     

    Wastewater haul-off charges(a)

    -

    (543

    )

    543

     

    As adjusted

    201,628

    170,766

     

    30,862

     

     

     

     

     

    Reported gross margin

     

     

    15.0

    %

    Adjusted gross margin

     

     

    15.3

    %

     

     

     

     

     

     

     

     

     

    Revenues

    Cost of Goods Sold

    Gross Profit

    First Quarter Ended

    $

    $

    $

    March 30, 2024

     

     

     

    As reported

    184,422

    153,370

     

    31,052

     

    Adjustments:

     

     

     

    Start-up costs(b)

    -

    (327

    )

    327

     

    As adjusted

    184,422

    153,043

     

    31,379

     

     

     

     

     

    Reported gross margin

     

     

    16.8

    %

    Adjusted gross margin

     

     

    17.0

    %

    Adjusted Earnings and Adjusted EBITDA from continuing operations

    In addition to reporting financial results in accordance with U.S. GAAP, the Company provides additional information about its operating results regarding adjusted earnings and adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") from continuing operations, which are not measures in accordance with U.S. GAAP. The Company believes that adjusted earnings and adjusted EBITDA from continuing operations assist investors in comparing performance across reporting periods on a consistent basis by excluding items that management believes are not indicative of its operating performance. These non-GAAP measures are presented solely to allow investors to more fully assess the Company's results of operations and should not be considered in isolation of, or as substitutes for, an analysis of the Company's results as reported under U.S. GAAP.

    The following are tabular presentations of adjusted earnings and adjusted EBITDA from continuing operations, including a reconciliation from loss from continuing operations, which the Company believes to be the most directly comparable U.S. GAAP financial measure.

     

    First Quarter Ended

     

    March 29, 2025

    March 30, 2024

     

     

    Per Share

     

    Per Share

     

    $

    $

    $

    $

    Earnings from continuing operations

    4,811

     

     

    3,796

     

     

    Dividends and accretion on preferred stock

    (140

    )

     

    (433

    )

     

    Earnings from continuing operations attributable to common shareholders

    4,671

     

    0.04

    3,363

     

    0.03

    Adjusted for:

     

     

     

     

    Wastewater haul-off charges(a)

    543

     

     

    -

     

     

    Start-up costs(b)

    -

     

     

    327

     

     

    Other(c)

    94

     

     

    -

     

     

    Gain on sale of smoothie bowls product line(d)

    -

     

     

    (1,800

    )

     

    Adjusted earnings from continuing operations

    5,308

     

    0.04

    1,890

     

    0.02

     

    First Quarter Ended

     

    March 29, 2025

     

    March 30, 2024

     

    $

     

    $

    Earnings from continuing operations

    4,811

     

    3,796

     

    Interest expense, net

    5,107

     

    6,050

     

    Loss on sale of receivables*

    422

     

    -

     

    Income tax expense

    147

     

    277

     

    Depreciation and amortization

    9,726

     

    8,576

     

    Stock-based compensation

    1,543

     

    4,645

     

    Adjusted for:

     

     

     

    Wastewater haul-off charges(a)

    543

     

    -

     

    Start-up costs(b)

    -

     

    327

     

    Other(c)

    94

     

    -

     

    Gain on sale of smoothie bowls product line(d)

    -

     

    (1,800

    )

    Adjusted EBITDA from continuing operations

    22,393

     

    21,871

     

     

     

     

     

    * Included in other non-operating expense.

     

     

     

    Footnotes

    (a)

    For the first quarter of 2025, reflects temporary third-party haul-off charges for excess wastewater produced at our Midlothian, Texas, facility due to volume constraints within our current treatment system.

    (b)

    For the first quarter of 2024, start-up costs mainly related to the scale-up of production at our plant-based beverage facility in Midlothian, Texas.

    (c)

    For the first quarter of 2025, other reflects an unrealized foreign exchange loss associated with peso-denominated restricted cash held in Mexico and an unrelated legal settlement, which are recorded in foreign exchange loss and other expense, respectively.

    (d)

    For the first quarter of 2024, reflects the pre-tax gain on sale of the smoothie bowls product line, which is recorded in other income.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250507674045/en/

    Investor Relations:

    Reed Anderson

    ICR

    646-277-1260

    [email protected]

    Media Relations:

    Claudine Galloway

    SunOpta

    952-295-9579

    [email protected]

    Get the next $STKL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $STKL

    DatePrice TargetRatingAnalyst
    12/8/2023$8.00Buy
    DA Davidson
    10/2/2023$9.00Buy
    Mizuho
    6/23/2023$10.00Overweight
    Stephens
    9/10/2021$15.00Outperform
    Cowen & Co.
    7/9/2021$15.00Outperform
    BMO Capital
    More analyst ratings

    $STKL
    Leadership Updates

    Live Leadership Updates

    See more
    • SunOpta Inc. Welcomes David (Dave) Lemmon to Board of Directors

      SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, is pleased to announce the appointment of David (Dave) Lemmon to its Board of Directors. With over 25 years of experience in business expansion and revenue growth, Dave is a valuable addition to the SunOpta Board. He will also serve as a member of the Compensation Committee and the Corporate Governance Committee. Mr. Lemmon is a seasoned leader with a proven track record in developing and executing business strategies that enhance gross margins and revenue. He currently serves as the Chief Executive Officer of Hunter Amenities International Ltd., a top m

      9/18/24 8:00:00 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Inc. Announces Results of Vote for the Election of Directors

      Leslie Starr appointed as the new Independent Board Chair SunOpta Inc. (NASDAQ:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, announced today that the individuals listed below were elected as directors of SunOpta Inc. at its annual meeting of shareholders held on May 23, 2024. They will hold office until the next annual meeting of shareholders or until their successors are appointed. The detailed results of the vote are as follows: Name of Nominee Votes in Favor % in Favor Votes Against % Against Dr. Albert Bolles 80,972,100 98.05% 1,537,615 1.86% Rebecca Fisher 80,851,470

      5/29/24 8:00:00 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • CD&R Appoints Consumer Products Executive Leslie Starr as Operating Advisor

      NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Leslie Starr as an Operating Advisor to CD&R funds. Ms. Starr will work with CD&R's consumer team to advise the funds' consumer businesses. Ms. Starr brings more than 35 years of experience as a senior executive and leader in the consumer products industry. She most recently was the Executive Vice President of Supply Strategy and Transformation for Advance Auto Parts ("Advance") from March 2017 until her retirement in December 2018. Ms. Starr is credited w

      2/27/24 7:00:00 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Financials

    Live finance-specific insights

    See more
    • SunOpta Announces First Quarter Fiscal 2025 Financial Results

      Revenue from continuing operations increased 9% to $202 million, driven by continued volume growth Earnings from continuing operations of $4.8 million compared to $3.8 million in the prior year Adjusted EBITDA from continuing operations increased 2% to $22.4 million Adjusted EPS of $0.04 compared to $0.02 in the prior year Share Repurchase Authorization of up to $25 million Raising 2025 outlook SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), the company that delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks today announced financial res

      5/7/25 5:00:00 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Inc. Schedules First Quarter 2025 Financial Results Release and Conference Call

      SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, today announced that the Company will issue financial results for the first quarter ended March 29, 2025 after the markets close on Wednesday, May 7, 2025. Following the release, SunOpta will host a conference call at 5:30 p.m. Eastern Time to discuss its financial results and recent corporate developments. After prepared remarks, there will be a question and answer period. Investors interested in listening to the live webcast can access a link on SunOpta's website at www.sunopta.com under the "Investor Relations" section or directly. A replay of the we

      4/16/25 8:00:00 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Announces Fourth Quarter and Fiscal 2024 Financial Results

      Revenue from continuing operations increased 9% to $193.9 million, driven by volume growth Loss from continuing operations of $4.6 million compared to a loss of $3.0 million in the prior year Adjusted EBITDA from continuing operations increased 20% to $26.1 million Delivered strong free cash flow and achieved targeted leverage of 3.0x SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, today announced financial results for the fourth quarter ended December 28, 2024. All amounts are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted.

      2/26/25 5:00:00 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Kocher Brian W bought $252,757 worth of shares (38,000 units at $6.65) (SEC Form 4)

      4 - SunOpta Inc. (0000351834) (Issuer)

      3/6/24 9:19:47 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • Kocher Brian W bought $243,126 worth of shares (36,000 units at $6.75) (SEC Form 4)

      4 - SunOpta Inc. (0000351834) (Issuer)

      3/5/24 9:48:14 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • CFO Gaba Greg converted options into 9,395 shares and covered exercise/tax liability with 4,285 shares, increasing direct ownership by 7% to 79,723 units (SEC Form 4)

      4 - SunOpta Inc. (0000351834) (Issuer)

      5/6/25 4:50:14 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SVP, Business Management Mcnamara Lauren converted options into 10,904 shares and covered exercise/tax liability with 4,974 shares, increasing direct ownership by 6% to 113,392 units (SEC Form 4)

      4 - SunOpta Inc. (0000351834) (Issuer)

      5/6/25 4:44:17 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SVP, R&D and FSQ Clark Bryan P converted options into 18,397 shares and covered exercise/tax liability with 8,391 shares, increasing direct ownership by 26% to 48,163 units (SEC Form 4)

      4 - SunOpta Inc. (0000351834) (Issuer)

      5/6/25 4:38:21 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • SunOpta Announces First Quarter Fiscal 2025 Financial Results

      Revenue from continuing operations increased 9% to $202 million, driven by continued volume growth Earnings from continuing operations of $4.8 million compared to $3.8 million in the prior year Adjusted EBITDA from continuing operations increased 2% to $22.4 million Adjusted EPS of $0.04 compared to $0.02 in the prior year Share Repurchase Authorization of up to $25 million Raising 2025 outlook SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), the company that delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-you snacks today announced financial res

      5/7/25 5:00:00 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Releases 2024 Sustainability Report

      Achievements include rooftop solar panels generating nearly half of SunOpta's corporate headquarters' annual energy needs (359,170 kWh) with renewable solar energy; realizing 136 metric tons of carbon emission savings annually from load mode optimization; donating more than 80,000 pounds of Dream Life®, West Life™ and chicken stock to those impacted by the California wildfires; and saving 44.2 billion gallons of water by producing plant-based milk compared to dairy milk.* SunOpta (NASDAQ:STKL) (TSX:SOY) – a company that delivers customized supply chain solutions and innovation for top brands, retailers and foodservice providers across a broad portfolio of beverages, broths and better-for-y

      5/1/25 12:25:00 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Inc. To Participate In Upcoming Investor Conference

      SunOpta Inc. ("SunOpta" or the "Company") (NASDAQ:STKL) (TSX:SOY), an innovative and sustainable manufacturer fueling the future of food, today announced that the Company will participate in the BMO Global Farm to Market Conference, to be held May 14-15, 2025 in New York, N.Y. The Company will meet with investors and participate in a fireside chat at approximately 8:45 a.m. Eastern Time on Thursday, May 15, 2025. Investors interested in listening to the live webcast can access a link on SunOpta's website at www.sunopta.com under the "Investor Relations" section or directly. A replay of the webcast will be archived and can be accessed for approximately 30 days on the Company's website. Ab

      4/23/25 8:00:00 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    SEC Filings

    See more
    • SEC Form 10-Q filed by SunOpta Inc.

      10-Q - SunOpta Inc. (0000351834) (Filer)

      5/7/25 5:12:48 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SunOpta Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

      8-K - SunOpta Inc. (0000351834) (Filer)

      5/7/25 5:10:24 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • Amendment: SEC Form SCHEDULE 13G/A filed by SunOpta Inc.

      SCHEDULE 13G/A - SunOpta Inc. (0000351834) (Subject)

      4/23/25 7:22:14 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by SunOpta Inc. (Amendment)

      SC 13D/A - SunOpta Inc. (0000351834) (Subject)

      5/17/23 8:28:57 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SEC Form SC 13D/A filed by SunOpta Inc. (Amendment)

      SC 13D/A - SunOpta Inc. (0000351834) (Subject)

      4/21/23 5:06:23 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • SEC Form SC 13D/A filed by SunOpta Inc. (Amendment)

      SC 13D/A - SunOpta Inc. (0000351834) (Subject)

      3/2/23 4:15:52 PM ET
      $STKL
      Farming/Seeds/Milling
      Industrials

    $STKL
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • DA Davidson initiated coverage on SunOpta with a new price target

      DA Davidson initiated coverage of SunOpta with a rating of Buy and set a new price target of $8.00

      12/8/23 8:03:25 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • Mizuho initiated coverage on SunOpta with a new price target

      Mizuho initiated coverage of SunOpta with a rating of Buy and set a new price target of $9.00

      10/2/23 7:29:27 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials
    • Stephens initiated coverage on SunOpta with a new price target

      Stephens initiated coverage of SunOpta with a rating of Overweight and set a new price target of $10.00

      6/23/23 7:19:01 AM ET
      $STKL
      Farming/Seeds/Milling
      Industrials