SunOpta Q2 revenue up 9.7% to $202.3M; adjusted EBITDA up 60.8% to $16.1M

SunOpta Inc.

2021-Q2 EPS reported -$0.02 revenue$409,913,000

Revenue $202.3M (+9.7% YoY); plant-based up 21.4% to $111.4M, fruit-based down 1.9% to $90.9M.
Adjusted EBITDA $16.1M (8.0% of revenue), up 60.8% from $10.0M; loss from cont ops narrowed to $0.9M from $5.1M.
Gross margin improved 40 bps to 13.0%; Dream & WestSoy brands contributed $4.7M to plant-based revenue.
Announced final stages of lease for new 275k sq ft plant-based facility in Dallas-Fort Worth, operational by late 2022.
Exiting South Gate fruit ingredient facility; $4.1M other expenses in Q2.

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