SunOpta Announces Fourth Quarter Fiscal 2019 Financial Results
SunOpta, Inc. (STKL)
Last sunopta, inc. earnings: 2/27 07:30 am
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US:NASDAQ Investor Relations:
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Source: Business Wire
Adjusted EBITDA doubled YOY excluding disposed operations TORONTO--(BUSINESS WIRE)--SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a leading global company focused on plant-based foods and beverages, fruit-based foods and beverages, and organic ingredient sourcing and production, today announced financial results for the fourth quarter ended December 28, 2019.“I am pleased to report that SunOpta doubled adjusted EBITDA, excluding disposed operations, in the fourth quarter versus the prior year. The adjusted EBITDA results were primarily driven by strong revenue growth and margin expansion in our plant-based beverages business unit, supported by sequential improvement in frozen fruit profitability. We are confident in the outlook for continued EBITDA growth in 2020 as we expect to benefit from strong industry tailwinds and further capitalize on our industry-leading capabilities in key product categories,” said Joe Ennen, Chief Executive Officer at SunOpta.“Within
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- 4/17/24 - Form 4
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