SunOpta Q4 revenue up 8.4% to $221.3M; Adj. EBITDA $23.5M (+122.7%); reaffirms FY2023 outlook

SunOpta Inc.

2022-FY EPS reported -$0.07 revenue$934,662,000

Q4 revenue $221.3M (+8.4% YoY); plant-based segment up 23.5% ex-sunflower; gross profit +56.4% to $28.2M.
Net loss from continuing ops $0.9M vs $6.1M loss prior year; adjusted EPS $0.02 vs -$0.05.
Adjusted EBITDA $23.5M (10.6% of revenue) vs $10.6M (5.2%) prior year, up 122.7%.
FY2023 outlook: revenue $1,000-1,050M (7-12% growth; 14-20% ex-sunflower); Adj. EBITDA $97-103M (16-23% growth).
Engaged Capital to exchange all Series B-1 Preferred for 6.1M common shares at $2.50/share; governance rights terminated.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SunOpta Inc. reported the fourth quarter ended December 31, 2022 results: revenue $221.3 million, net income $0.2 million, EPS $0.00 per diluted common share. Guidance reaffirmed.

Period: the fourth quarter ended December 31, 2022
Revenue: $221.3 million
Net income: $0.2 million
EPS: $0.00 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted. Fourth Quarter 2022 highlights: Revenues increased 8.4% to $221.3 million reflecting 10.8% growth in the plant-based segment and 4.5% growth in the fruit-based segment. Excluding the impact of the sunflower business, which was divested in October,

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accession 0001062993-23-005342

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