Saputo Reports Financial Results for the Third Quarter of Fiscal 2026 Ended December 31, 2025

Core Insights - Saputo Inc. reported strong financial results for Q3 of fiscal 2026, highlighting momentum across its global platform, driven by strong commercial execution and operational efficiencies [2][3] Financial Highlights - Revenues for Q3 2026 were $4.888 billion, a decrease of $106 million or 2.1% compared to Q3 2025, primarily due to lower US dairy commodity market pricing [5] - Adjusted EBITDA increased by 18.0% to $492 million, with an adjusted EBITDA margin of 10.1%, up from 8.4% [5][3] - Net earnings reached $220 million, a significant increase from a loss of $518 million in the same quarter last year, with earnings per share (EPS) of $0.54 (basic) and $0.53 (diluted) [11] Sector Performance Canada Sector - Revenues increased by 4.2% to $1.416 billion in Q3 2026, supported by higher sales volumes in retail, foodservice, and industrial segments [24][25] - Adjusted EBITDA rose by 8.0% to $189 million, with an adjusted EBITDA margin of 13.3% [27] USA Sector - Revenues decreased by 7.1% to $2.142 billion in Q3 2026, impacted by lower US dairy commodity market pricing [32] - Adjusted EBITDA increased by 15.6% to $185 million, with an adjusted EBITDA margin of 8.6% [36] International and Europe Sectors - International Sector revenues were $994 million, down 2.5%, while Europe Sector revenues increased by 8.0% to $336 million [46][61] - Adjusted EBITDA for the International Sector rose by 60.8% to $82 million, and for the Europe Sector, it increased by 16.1% to $36 million [53][66] Strategic Initiatives - The company is focused on optimizing its product mix and enhancing operational efficiencies through capital investments and network consolidation [3][38] - Strategic investments in advertising and promotional activities are aimed at supporting commercial growth and brand strength [5][41] Outlook - The company anticipates continued organic sales growth, particularly in the USA Sector, supported by sustained growth in key retail categories and ongoing innovation [77] - Expectations for the Canada Sector remain strong, with operational efficiencies and disciplined cost reduction efforts expected to drive performance [77]