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Rogers Sugar Inc
Rogers Sugar, Inc. engages in the refining, packaging, and marketing of sugar products. The company is headquartered in Vancouver, British Columbia and currently employs 884 full-time employees. The firm operates through two segments: Sugar, which includes refined sugar and by-products and Maple, which includes maple syrup and maple-derived products. The firm operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic’s sugar products include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic operates cane sugar refineries in Montreal, Quebec, Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. TMTC products include maple syrup and derived maple syrup products supplied under retail private label brands sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks. TMTC operates bottling plants in Granby, Degelis, St-Honore-de-Shenley, Quebec and Websterville, Vermont.
Rogers Sugar, Inc. engages in the refining, packaging, and marketing of sugar products. The company is headquartered in Vancouver, British Columbia and currently employs 884 full-time employees. The firm operates through two segments: Sugar, which includes refined sugar and by-products and Maple, which includes maple syrup and maple-derived products. The firm operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic’s sugar products include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic operates cane sugar refineries in Montreal, Quebec, Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. TMTC products include maple syrup and derived maple syrup products supplied under retail private label brands sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks. TMTC operates bottling plants in Granby, Degelis, St-Honore-de-Shenley, Quebec and Websterville, Vermont.
Record Profitability: Rogers Sugar posted its fourth consecutive year of increased profitability, with adjusted EBITDA surpassing $150 million for the first time and adjusted net earnings exceeding $72 million, up 9% from last year.
Maple Segment Growth: Maple sales volume rose 14% and revenues climbed 13% for the year, contributing a record $21.3 million in adjusted EBITDA and now making up 20% of total revenues.
LEAP Project Delayed: The major Montreal sugar expansion (LEAP) project’s completion has been pushed to the first half of 2027 to better align with market demand and ensure safety, though cost estimates remain unchanged.
Stable Sugar Margins Expected: For 2026, sugar volumes are expected to decline slightly due to lower exports, but profit margins should stay stable or edge up as the company focuses on higher-margin domestic sales.
Strong Free Cash Flow: Free cash flow improved 23% to $90 million, supporting both investments and shareholder returns. The quarterly dividend was maintained at $0.09 per share, yielding about 6%.
Resilient Despite Headwinds: Management highlighted their ability to manage through supply chain disruptions, production issues, and trade/tariff uncertainty without major impact on operations or results.