other material
confidence high
sentiment positive
materiality 0.75
SunOpta files pro forma for $141M frozen fruit sale; FY2022 pro forma net earnings $9.95M vs historical loss
SunOpta Inc.
- Sale price $141M includes $20M seller promissory notes; closed Oct 12, 2023.
- Pro forma FY2022 revenues $591M (historical $935M) reflecting divestiture of frozen fruit and sunflower.
- Pro forma FY2022 net earnings $9.95M vs historical loss of $12.6M attributable to common shareholders.
- Estimated pre-tax loss on sale $120.6M as of July 1, 2023; subject to final adjustments.
- Net cash proceeds ~$67.1M after closing costs and debt repayment; to be used to reduce revolver borrowings.