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Saputo (SAP) investor relations material
Saputo Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 continuing-operations adjusted EBITDA rose 13.8% YoY to CAD 438 million; margin expanded to 10.3% from 9.4%, driven by high-protein ingredients, favorable mix, volume growth and operational execution.
Strong ingredient markets and U.S. execution more than offset softer cheese markets, inflation and higher business investment; Australia also performed well.
Divestitures are intended to simplify the footprint, increase financial flexibility and direct capital toward stronger growth opportunities.
Financial highlights
Continuing-operations revenue was CAD 4.256 billion, up 3.6% YoY; adjusted EBITDA was CAD 438 million, versus CAD 385 million.
Net earnings from continuing operations were CAD 213 million, or CAD 0.54 basic and CAD 0.53 diluted EPS; adjusted net earnings were CAD 221 million, or CAD 0.56 basic and CAD 0.55 diluted adjusted EPS.
Six-month revenue was CAD 8.394 billion versus CAD 8.147 billion; adjusted EBITDA was CAD 832 million versus CAD 752 million, with margin of 9.9% versus 9.2%.
Six-month operating cash flow from continuing operations was CAD 503 million; capital expenditures were CAD 131 million.
Outlook and guidance
FY2027 continuing-operations capital expenditures are expected to be ~CAD 500 million, targeting high-return growth, capacity, optimization and efficiency projects.
Strategic priorities include specialized dairy ingredients, higher-value applications, capacity, productivity, commercial execution and digital capabilities.
Higher volumes and improved mix are expected in selected categories; high-protein and value-added dairy demand retains solid underlying momentum.
U.S. ingredients are expected to maintain positive momentum, while greater milk supply and cheese production may pressure cheese markets; efficiencies are expected to improve as investments scale.
- Pivoting from major investment to cash generation, efficiency and targeted growth.SAP
Investor presentation - Protein demand and innovation drive growth, with strategic focus on core markets and efficiency.SAP
Scotiabank Back to School Conference - Strong financial results, strategic focus, and decisive shareholder approvals marked the AGM.SAP
AGM 2026 - Global dairy leader leverages scale, efficiency, and innovation for sustained growth and returns.SAP
Investor presentation - Earnings and margins rose on strong protein demand, efficiency gains, and disciplined capital returns.SAP
Q1 2027 - Global dairy leader drives growth and returns through scale, innovation, and disciplined investment.SAP
Investor presentation - Revenue up 8.9%, net earnings down 19%, with share buybacks and cost savings ahead.SAP
Q2 2025 - Strong cash flow and margin gains expected in FY25 as cost savings and efficiencies ramp up.SAP
Q4 2024 - FY25 revenue up 9.9%, but UK impairment drove net loss; strong cash flow and margin gains.SAP
Q4 2025
Next Saputo earnings date
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