SunOpta Q1 rev $182.8M (+18%), EPS $0.03; raises FY2024 outlook

SunOpta Inc.

2024-Q1 EPS reported $0.02 revenue$182,848,000

Revenue $182.8M, up 18% YoY from $155.0M, driven by 23.5% volume growth.
Earnings from continuing ops $3.8M vs loss of $2.8M; diluted EPS $0.03 vs -$0.03.
Adjusted EBITDA from continuing ops $22.6M, +20.8% YoY; margin 12.3%.
FY2024 outlook raised: revenue now $685-$715M (prev $670-$700M); adj EBITDA $88-$92M.
Gross margin 17.4% vs 15.5% YoY; adjusted gross margin 17.5% vs 19.3%.

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 0.9

SunOpta Inc. reported the first quarter ended March 30, 2024 results: revenue $182.8 million, net income $3.8 million, EPS $0.03. Guidance raised.

Period: the first quarter ended March 30, 2024
Revenue: $182.8 million
Net income: $3.8 million
EPS: $0.03
Guidance: raised
Result: reported results

Exact text from the filing

- Filed by newsfilecorp.com Exhibit 99.1 FOR IMMEDIATE RELEASE SUNOPTA ANNOUNCES FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS Revenue from continuing operations increased 18% to $182.8 million, driven by volume growth Earnings from continuing operations of $3.8 million compared to a loss of $2.8 million in the prior year Adjusted EBITDA from continuing operations of

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Source: SEC EDGAR

accession 0001062993-24-009679

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