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Rogers Sugar (RSI) investor relations material
Rogers Sugar Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Navigated a challenging environment with trade policy uncertainty, softening global food demand, and persistent cost pressures, while focusing on consistent, profitable, and sustainable growth leveraging Canadian sugar market trends and global maple demand.
Achieved operational stability and delivered consistent results, supported by steady domestic sugar demand, disciplined cost management, and strong Sugar segment performance, while Maple segment contribution declined year-over-year.
Secured long-term labor agreements at key facilities, including new five-year collective agreements in Montréal and Taber, ensuring workforce stability through major expansion projects.
Advanced the LEAP Project, with major equipment installed, commissioning on track, and costs maintained within CAD 280–300 million; incremental capacity expected online in early 2027.
Maintains a consistent quarterly dividend of CAD 0.09 per share, continuing an uninterrupted 16-year record.
Financial highlights
Q3 2026 consolidated revenues were CAD 293.7 million, down 8% year-over-year, mainly due to lower raw sugar prices and volumes.
Adjusted EBITDA for Q3 2026 was CAD 36 million, up 3% year-over-year, driven by strong sugar segment performance.
Adjusted net earnings for Q3 2026 were CAD 16.3 million (CAD 0.13/share), slightly below last year.
Free cash flow for the trailing 12 months was CAD 90 million, a slight increase year-over-year.
Gross margin for Q3 2026 was CAD 45.7 million; adjusted gross margin was CAD 51.5 million, both slightly lower year-over-year.
Outlook and guidance
Raised full-year sugar volume forecast to 745,000 metric tonnes for 2026, reflecting moderate recovery in industrial and export demand, but still below 2025 due to lower export and liquid volumes.
Anticipate stable gross margin per metric tonne in Q4 and into 2027, barring one-time items.
Maple segment results expected to be lower in 2026 due to reduced global demand and margin pressure.
Consistent financial performance expected for fiscal 2026 despite evolving market conditions and US tariff volatility.
LEAP Project spending for 2026 anticipated at CAD 103 million, with new capacity expected online in H1 2027.
- Strong Sugar margins drove Q2 2026 profit growth; LEAP Project and free cash flow remain robust.RSI
Q2 2026 - Q1 2026 saw higher earnings and margins, strong free cash flow, and LEAP Project progress.RSI
Q1 2026 - Record 2025 profit growth, LEAP Project progress, and higher free cash flow amid tariff risks.RSI
Q4 2025 - Record Q3 with revenue and EBITDA growth, strong demand, and LEAP project on track.RSI
Q3 2025 - Adjusted EBITDA up 28%, strong segment growth, LEAP costs rise, stable 2025 outlook.RSI
Q4 2024 - Record Q3 adjusted EBITDA and revenue growth, with strong segment margins and robust outlook.RSI
Q3 2024 - Record Maple results and strong Sugar demand drive growth amid US tariff uncertainty.RSI
Q2 2025 - Record 2024 results, LEAP expansion, and all motions passed amid US tariff risks.RSI
AGM 2025 - Q1 2025 saw record revenue and EBITDA growth, with LEAP project advancing and tariff risks present.RSI
Q1 2025
Next Rogers Sugar earnings date
Next Rogers Sugar earnings date
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