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Rogers Sugar (RSI) investor relations material
Rogers Sugar Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong Q1 2026 results with consolidated Adjusted EBITDA of $47 million, up 18% year-over-year, and Adjusted Net Earnings of $25 million, up 27% year-over-year, driven by strong Sugar segment performance and stable Maple segment results.
Free cash flow for the trailing 12 months reached $89.3 million, a 4% increase from last year, supporting ongoing investments and shareholder returns.
Largest publicly traded Canadian sweetener producer, benefiting from North American sugar demand and global maple product appeal.
Maintained quarterly dividend of $0.09 per share.
The LEAP Project, aimed at expanding sugar refining and logistics capacity, progressed as planned with $21.1 million invested in Q1 and total project costs expected between $280–$300 million.
Financial highlights
Q1 2026 revenues were $298.2 million, down from $331.3 million year-over-year, mainly due to lower sugar prices and volumes.
Adjusted Net Earnings per share rose to $0.19 from $0.15 year-over-year, driven by a favorable $7 million variance in Adjusted EBITDA.
Adjusted Gross Margin per ton in the sugar segment increased to $304, up $79 from last year, supported by non-recurring procurement and freight items.
Maple segment revenues grew 8% to $72 million, with Adjusted EBITDA at $5.8 million and gross margin percentage at 10.6%.
Sugar sales volume fell 11% to 175,000 metric tonnes, while Maple volume grew 7% to 14.4 million pounds.
Outlook and guidance
Sugar sales volume forecast for 2026 is around 750,000 metric tons, a 4% decline from 2025, mainly due to lower margin export sales.
Domestic sugar demand expected to remain stable; maple sales volumes projected to rise 5% to 56 million pounds, driven by global demand.
Production and maintenance costs, as well as distribution and admin expenses, are expected to edge higher due to market and wage increases.
CapEx of approximately $27 million planned for core businesses in 2026, excluding LEAP project spending.
LEAP Project construction to advance significantly in 2026, with $116 million in planned expenditures.
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