secwatch.observer — SEC 8-K summary
======================================

Issuer:     SunOpta Inc. (STKL)
CIK:        0000351834
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001062993-23-020338
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SunOpta Q3 revenue up 5.9% to $152.5M; loss from continuing ops of $5.7M vs prior year profit
--------------------------------------------------------------------------------

- Revenue $152.5M, up 5.9% YoY on 5.5% volume growth; adjusted EBITDA $19.1M, up 8.1% from $17.7M.
- Loss from continuing ops $5.7M vs earnings $2.4M in Q3 2022; diluted EPS loss $0.05 vs +$0.01.
- Divested frozen fruit on Oct 12 for ~$141M; recorded pre-tax loss of $118.8M in discontinued ops ($140.1M total).
- Net debt reduced: used $74.8M of proceeds to repay revolver; plans to replace ABL with term loan/revolver by year-end.
- FY2024 outlook: revenue $670-700M (+8-13%) and adjusted EBITDA $87-92M (+14-21%), both driven by volume.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351834/000106299323020338/0001062993-23-020338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351834/000106299323020338/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-020338

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer