Q3 2025 Saputo Inc Earnings Call Transcript
Key Points
- Saputo Inc (SAPIF) reported a strong financial performance with adjusted EBITDA of $417 million, marking a 30% increase year-over-year.
- The company experienced revenue growth across all sectors, driven by higher sales volumes and increased domestic selling prices.
- Saputo Inc (SAPIF) benefited from an improving global dairy market, with increased international cheese and dairy ingredient prices.
- The company generated significant operating cash flow of $735 million so far this fiscal year, allowing for additional capital returns to shareholders through share repurchases.
- Saputo Inc (SAPIF) achieved $30 million in savings and benefits in its US sector this quarter from capital projects and operational improvements.
- Saputo Inc (SAPIF) recorded a non-cash goodwill and intangible asset impairment charge of $684 million related to its UK division, leading to a reported net loss of $518 million in the third quarter.
- The UK division faced ongoing challenging market conditions, including persistent inflation and elevated interest rates, resulting in a longer projected recovery period.
- The international sector's adjusted EBITDA declined by 34% year-over-year, primarily due to challenges in Argentina, including inflation, FX devaluation, and reduced milk availability.
- Saputo Inc (SAPIF) withdrew its previously disclosed long-term adjusted EBITDA aspiration due to unstable market conditions.
- The company continues to face headwinds from food inflation and cost-sensitive consumers, requiring adaptation of commercial and growth strategies.
Good morning and welcome to Saputo Inc's third-quarter, 2025 financial results conference call and webcast. (Operator Instructions) As a reminder, this conference call is being recorded.
I would now like to turn the call over to Nick Estrela, Senior Director of Investor Relations. Thank you. Please go ahead.
Thank you, Julianne. Good morning and welcome to our third quarter, fiscal 2025 earnings call. Our speakers today will be Carl Colizza, President and Chief Executive Officer; and Maxime 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 third 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
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