SunOpta Q2 rev up 21% to $171M; loss narrows to $3.8M; raises 2024 revenue guidance

SunOpta Inc.

2024-Q2 EPS reported -$0.02 revenue$353,843,000

Revenue $171M up 21% YoY driven by 26.9% volume growth; price reduction of 3.9% on pass-through commodities.
GAAP loss from continuing ops $3.8M vs $11.7M loss prior year; adjusted EPS $0.02 vs $0.01.
Adjusted EBITDA $20.6M (+12% YoY); adjusted gross margin 16.2% vs 17.3% due to depreciation and inefficiencies.
2024 revenue outlook raised to $710-730M (from $685-715M); adj EBITDA guidance kept at $88-92M.
Cash from operations first half $2M vs $17.5M prior, reflecting working capital buildup.

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