Lassonde Industries Inc
OTC:LSDAF

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Lassonde Industries Inc
OTC:LSDAF
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Price: 159.089 USD
Market Cap: 1.1B USD

Lassonde Industries Inc
Investor Relations

Lassonde Industries, Inc. is engaged in the development, manufacturing and sale of fruit and vegetable juices and drinks. The company is headquartered in Rougemont, Quebec and currently employs 2,700 full-time employees. The firm offers fruit-based snacks in the form of bars and bites as well as frozen juice concentrates in North America and a producer of fruit juices and drinks in Canada. The firm is also a producer of store-brand shelf-stable fruit juices and drinks in the United States and cranberry sauces. The firm also develops, manufactures, and markets specialty food products, such as fondue broths and sauces as well as pasta sauces. In addition, the Company produces apple cider and cider-based beverages and imports selected wines from several countries of origin for packaging and marketing purposes. The company also imports selected wines from various countries of origin for packaging and marketing purposes. The Company’s subsidiaries include Lassonde Pappas and Company, Inc., Lassonde Specialties Inc., Sun-Rype Products Ltd., and Arista Wine's Brands.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 10, 2023
AI Summary
Q2 2023

Sales Growth: Lassonde reported sales of $579 million for Q2, up 9.4% from last year, driven primarily by pricing actions and a better product mix.

Profitability Up: Adjusted EBITDA jumped 46% to $59 million, and adjusted profit per share rose to $3.89 from $2.36 last year.

Margin Improvement: Gross margin improved quarter-over-quarter to 26%, mainly due to the impact of earlier price increases and plant efficiency gains.

Working Capital & Debt: The company notably improved working capital and reduced long-term debt to $228 million from $268 million in the prior quarter.

Guidance Maintained: Management reaffirmed full-year sales growth expectations in the mid to high single digits, mainly on the back of price increases.

Strategic Execution: Portfolio optimization in the US is largely complete, with focus now shifting to building volume back at higher margins.

Key Financials
Sales
$579 million
Gross Profit
$152 million
Gross Margin
26.3%
Adjusted EBITDA
$59 million
Adjusted Profit Attributable to Shareholders
$26.5 million
Adjusted Profit Per Share
$3.89 per share
Operating Cash Flow
$76 million
Capital Expenditures
$28.7 million
Long-term Debt (including current portion)
$228 million
Net Debt to Adjusted EBITDA Ratio
1.28x
Earnings Call Recording
Other Earnings Calls
2022

Management

Ms. Nathalie Lassonde
Executive VP & Co-Chair of the Board
No Bio Available
Mr. Vincent R. Timpano
CEO, President & COO
No Bio Available
Mr. Eric Gemme CA, CBV, CPA
CFO & Senior VP
No Bio Available
Ms. Claire Bara
President of A. Lassonde Division
No Bio Available
Ms. Amanda Burns C.A., CPA
President of Private Label, Lassonde Pappas & Company
No Bio Available
Ms. Caroline Lemoine
Chief Legal Officer & Secretary
No Bio Available
Mr. Sylvain Morissette
Vice President of Communications
No Bio Available
Mr. Mathieu Simard
Chief Human Resources Officer
No Bio Available
Mr. Pierre Turner
Senior Vice President of Innovation, Quality & Sustainability
No Bio Available
Vito Monopoli
President of Lassonde Specialties
No Bio Available

Contacts

Address
QUEBEC
Rougemont
755 Principale St
Contacts
+14504694926.0
www.lassonde.com