Q2 2026 Saputo Inc Earnings Call Transcript
Key Points
- Saputo Inc (SAPIF) reported a 16% increase in adjusted EBITDA, driven by strong commercial execution, improved volume and service levels, and operational efficiencies.
- The company achieved a 26% increase in adjusted net earnings, reflecting higher net earnings and share repurchases under the NCIB program.
- Cash flow from operating activities was robust, increasing by 130% year-over-year, due to lower working capital usage and improved adjusted EBITDA.
- Saputo Inc (SAPIF) received significant industry recognitions, highlighting strong customer relationships and high-impact performance.
- The company is successfully diversifying its customer base, gaining market share, and expanding partnerships with high-growth innovators and private label customers.
- Revenues in the US sector were 3% lower compared to last year, impacted by lower US dairy commodity market pricing.
- The international sector saw a 5% decline in revenues, with challenges in milk supply and seasonal conditions affecting Australia.
- The Europe sector experienced a temporary impact on performance due to a major maintenance shutdown and asset transition.
- Saputo Inc (SAPIF) faces potential cost pressures from evolving trade environments and tariff impacts, requiring close monitoring.
- The company incurred transitional implementation costs associated with the start-up of a new warehousing facility in Caledonia, Wisconsin.
Hello, and welcome to the Saputo Inc. second quarter 2026 financial results call. (Operator Instructions) I will now turn the conference over to Nick Estrela, Head of Investor Relations. Please go ahead.
Thank you, Jean-Louis. Good morning, and welcome to our second quarter fiscal 2026 earnings call. Our speakers today will be Carl Colizza, President and Chief Executive Officer; and Max Therrien, Chief Financial Officer and Secretary.
Before we begin, I'd like to remind you that this webcast and conference call are being recorded, and the webcast will be posted on our website, along with the second quarter investor presentation. Please also note that some of the statements provided during this call are forward-looking.
Such statements are based on assumptions that are subject to risks and uncertainties. We refer to our cautionary statements regarding forward-looking information in our annual report, press releases and filings. Please treat any forward-looking information with caution as our
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