Lassonde Industries Inc (OTCPK:LSDAF)

Q2 2026 Lassonde Industries Inc Earnings Call Transcript

Aug 7, 2026 / 01:00 PM GMT

Release Date Price: $157.01

Transcript

Key Points

Positve

Lassonde Industries Inc (LSDAF) delivered strong gross profit growth of 16% in Q2 2026, driven by effective revenue management, improved product mix, and moderating input costs.
The company's U.S. beverage business outperformed the category, growing volumes and gaining market share despite overall category volume declines.
Adjusted EBITDA increased 19% to $101 million, with adjusted profit per share up 36% year-over-year, reflecting strong operational execution.
The company has already secured replacement volume representing more than 50% of the expected 2027 shortfall from a customer contract change, with advanced negotiations for an additional 25%.
Lassonde Industries Inc (LSDAF) announced a normal course issuer bid to repurchase up to 200,000 shares, reflecting confidence in long-term prospects and a strong balance sheet with a low leverage ratio of 1.22:1.

Negative

Lassonde Industries Inc (LSDAF) revised its 2026 sales outlook to be slightly below last year's level due to macroeconomic uncertainty and softer consumer demand.
The company recorded $30 million in impairment charges, including $27 million related to a customer relationship intangible asset in its U.S. Specialty food operations due to contractual changes.
Industry volumes remain under pressure, with category volume declines in both Canada and the United States, particularly affecting private label demand.
The company faces inflationary pressures on transportation costs and PET resin costs due to geopolitical developments in the Middle East, which could impact margins.
Canadian private label volumes were softer due to changes in a major customer's go-to-market strategy and targeted portfolio optimization actions, including product line discontinuations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LASa.TO - Lassonde Industries Inc
Q2 2026 Lassonde Industries Inc Earnings Call
Aug 07, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen.

Thank you for standing by. Welcome to Lassanne Industries' 2026 second-quarter earnings conference call. The corporation's press release reporting its financial results was published yesterday after market closed. It can be found on its website at lassanne.com, along with the MD&A and financial statements. These documents are available on CDER+ as well. A presentation supporting this conference call was also posted on the website.

At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has difficulties

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