Q1 2025 Saputo Inc Earnings Call Transcript
Key Points
- Saputo Inc (SAPIF) reported strong revenue and EBITDA growth in Q1 2025, with consolidated revenues of $4.6 billion and adjusted EBITDA of $383 million.
- The company saw significant operational improvements in the US sector, with adjusted EBITDA increasing by 57% year-over-year.
- Saputo Inc (SAPIF) achieved higher sales volumes across all sectors, contributing to overall revenue growth.
- The company successfully completed several capital projects in the US, enhancing productivity and capacity utilization.
- Saputo Inc (SAPIF) announced a 2.7% increase in its quarterly dividend, reflecting confidence in its financial stability and future growth prospects.
- The international sector faced challenges due to unfavorable relations between international cheese and dairy ingredient market prices and the cost of milk.
- The Europe sector experienced a decline in adjusted EBITDA due to high-cost inventory and lower international dairy ingredient market prices.
- Saputo Inc (SAPIF) anticipates continued volatility in the dairy commodity environment, particularly with the cheese and milk price spread.
- The company is still dealing with duplicate operating costs in the US, which are expected to persist due to lower capacity utilization during the ramp-up phase.
- Argentina's macroeconomic volatility led to margin pressure in the export business, with no immediate signs of improvement in Q2.
Good morning, and welcome, everyone, to the Saputo Inc first quarter 2025 financial results conference call.
(Operator Instructions)
I would like to turn the conference over to Nick Estrela. Please go ahead.
Good morning. Welcome to our first quarter fiscal 2025 earnings call. Our speakers today will be Lino Saputo, Executive Chair of the Board; Carl Colizza, President and Chief Executive Officer; and Maxime Therrien, Chief Financial Officer and Secretary. Before we begin, I would like to remind you that this webcast and conference call are being recorded and the webcast will be posted on our website along with the first quarter investor presentation.
Please also note that some of the statements provided during this call are forward-looking. Such statements are based on assumptions that are subject to risks and uncertainties. We refer to our cautionary statements regarding forward-looking information in our annual reports, press releases and files. Please treat any forward-looking
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