SunOpta Q3 revenue rises 15.7% to $229.7M; adjusted EBITDA up 41.7%, raises FY2022 outlook

SunOpta Inc.

2022-Q3 EPS reported -$0.08 revenue$713,369,000

Revenue $229.7M (+15.7% YoY); plant-based +19.9%, fruit-based +10.0%.
Adjusted EBITDA $22.1M (9.6% margin), up 41.7% vs $15.6M; adj. EPS $0.02 vs $0.01.
GAAP net loss from continuing ops $12.6M, including $16.9M loss on sunflower held-for-sale.
Raised FY2022 outlook: revenue $923-943M (14-16% growth), adj. EBITDA $76-80M (25-32% growth).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SunOpta Inc. reported the third quarter ended October 1, 2022 results: revenue $229.7 million, net income Net loss from continuing operations was $12.6 million, EPS $0.02 per diluted common share. Guidance raised.

Period: the third quarter ended October 1, 2022
Revenue: $229.7 million
Net income: Net loss from continuing operations was $12.6 million
EPS: $0.02 per diluted common share
Guidance: raised
Result: reported results

Exact text from the filing

- Filed by newsfilecorp.com Exhibit 99.1 FOR IMMEDIATE RELEASE SUNOPTA ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS Continued strong revenue growth of 15.7% vs. prior year to $229.7 million Gross margin expanded 190 basis points to 13.7% Net loss from continuing operations of $12.6 million, including $14.2 million net loss from asset dispositions Adjusted EBITDA

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Source: SEC EDGAR

accession 0001062993-22-021779

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