Q3 2026 Saputo Inc Earnings Call Transcript
Key Points
- Saputo Inc (SAPIF) reported an 18% increase in adjusted EBITDA, reaching $492 million, driven by strong commercial execution and operational efficiencies.
- The company achieved a margin expansion to 10.1%, up from 8.4% last year, reflecting solid operational performance.
- Net earnings on an adjusted basis increased by 41% to $235 million, with adjusted EPS rising 46% to $0.57.
- Saputo Inc (SAPIF) generated strong cash flow, with net cash from operations at $401 million, contributing to a year-to-date net cash flow from operations of $1.1 billion.
- The company's net debt-to-adjusted EBITDA ratio improved to 1.76 times, indicating a strong balance sheet and financial health.
- Revenue decreased by 2% to $4.9 billion, largely due to lower commodity markets in the US.
- The US sector experienced a 7% decline in revenue, primarily due to lower US dairy commodity prices.
- The international sector saw a 3% revenue decline, with lower export volumes in Australia partially offset by stronger domestic sales.
- The Europe sector faced softer retail volume in non-cheese categories, despite overall revenue growth.
- Saputo Inc (SAPIF) anticipates continued volatility in the US dairy market due to an abundance of milk supply outpacing demand growth.
Hello, and welcome to the Saputo's third quarter fiscal 2026 financial results call. (Operator Instructions)
I'll now turn the conference over to Nick Estrela, Head of Investor Relations. Please go ahead.
Thank you, Jay. Good morning, and welcome to our third quarter fiscal 2026 earnings call. Our speakers today will be Carl Colizza, President and Chief Executive Officer; 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 report, press releases and filings. Please treat any forward-looking information with
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