Core Viewpoint - Lassonde Industries Inc. announces the retirement of Chief Financial Officer Eric Gemme effective July 1, 2026, allowing for a managed transition [1][2] Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, developing, manufacturing, and marketing a wide range of products including fruit juices, specialty foods, and alcoholic beverages [4] - The company distributes over 3,500 unique products in approximately 200 formats across shelf-stable, chilled, and frozen categories [4] Operational Strategy - The company's go-to-market strategy includes retail sales to food retailers and wholesalers, as well as food service sales to institutions such as restaurants, hotels, and schools [5] - Lassonde operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [6]

Core Viewpoint - Lassonde Industries Inc. will host a conference call to discuss its financial results for the second quarter of 2025 on August 8, 2025, led by CEO Vince Timpano and CFO Eric Gemme [1] Group 1: Conference Call Details - The conference call is scheduled for August 8, 2025, at 8:30 a.m. ET, with specific phone numbers provided for both overseas and North American participants [2] - A live audio broadcast will be available on the Corporation's website, and a replay will be accessible until midnight on August 15, 2025 [2][3] - A press release will be published on August 7, 2025, after markets close, and participants are advised to connect 15 minutes prior to the call [3] Group 2: Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, developing, manufacturing, and marketing a wide range of products including fruit juices, specialty foods, and fruit-based snacks [5] - The company operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [7] - Lassonde's go-to-market strategy includes retail sales to food retailers and wholesalers, as well as food service sales to various institutions such as restaurants and schools [6]

Core Points - Lassonde Industries Inc. announced the election of its board of directors during the Annual General Meeting held on May 16, 2025 [1] - The nominees received high approval rates, with most achieving over 99% of votes in favor [2] Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, developing, manufacturing, and marketing a wide range of products including fruit juices, specialty foods, and fruit-based snacks [3] - The company distributes over 3,500 unique products across approximately 200 formats, covering shelf-stable, chilled, and frozen categories [3] Market Strategy - The company's go-to-market strategy includes retail sales to food retailers and wholesalers, as well as food service sales to various institutions such as restaurants, hotels, and schools [4] Operations - Lassonde operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [5]

Core Viewpoint - Lassonde Industries Inc. reported strong financial results for Q1 2025, with significant growth in sales and operating profit despite ongoing market uncertainties [3][4]. Financial Performance - Sales reached $699.7 million, an increase of $129.8 million (22.8%) compared to $569.8 million in Q1 2024 [2]. - Gross profit was $183.2 million, representing 26.2% of sales, up from $149.6 million, a rise of $33.6 million (22.4%) year-over-year [2][4]. - Operating profit increased to $42.7 million, up $8.1 million (23.4%) from $34.6 million in the same quarter last year [2][4]. - Profit attributable to shareholders was $24.5 million, slightly up from $23.8 million, with an EPS of $3.60, reflecting a 2.9% increase [2][7]. - Adjusted EBITDA was $71.5 million, a rise of $19.1 million (36.4%) from $52.4 million in Q1 2024 [2][7]. Sales Growth Drivers - Excluding the impact of Summer Garden and foreign exchange fluctuations, sales grew by 9.3%, driven by U.S. volume recovery and price adjustments in Canada [3][4]. - Canadian brands gained market share due to innovation and effective merchandising, despite overall industry volume contraction [3]. Outlook and Strategy - The company anticipates a sales growth rate of approximately 10% for 2025, driven by a full year of Summer Garden results and planned price adjustments [8]. - Lassonde is focused on executing its strategy, expanding capacity, and leveraging its diversified product portfolio to enhance its presence in the North American food and beverage market [3][8]. Financial Position - As of March 29, 2025, total assets were $2,374.4 million, a 4.2% increase from $2,277.8 million at the end of 2024 [7]. - Long-term debt stood at $612.5 million, with a net debt to adjusted EBITDA ratio of 1.99:1, reflecting a $135.0 million increase from the previous year [7][26]. - Operating activities used $60.1 million in cash, compared to $11.3 million generated in the same quarter last year, primarily due to changes in working capital [7]. Dividend Information - The Board of Directors declared a quarterly dividend of $1.10 per share, payable on June 13, 2025 [17]. Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, offering a wide range of products including fruit juices, specialty foods, and snacks [28][30].

Company Overview - Lassonde Industries Inc. is a leader in the food and beverage industry in North America, headquartered in Canada with operations across the continent [3] - The company develops, manufactures, and markets a wide range of products, including fruit juices, specialty food products, and fruit-based snacks, distributing over 3,500 unique products in approximately 200 formats [3] Conference Call Announcement - Lassonde will host a conference call to discuss its first quarter 2025 results on May 9, 2025, at 8:30 a.m. ET, led by CEO Vince Timpano and CFO Eric Gemme [1] - The call is open to investors, analysts, and interested parties, with a live audio broadcast available on the company's website [1] - A recording of the meeting will be accessible from May 9, 2025, at 12:00 p.m. until May 16, 2025, at 11:59 p.m. [2] Operational Strategy - The company's go-to-market strategy includes retail sales to food retailers and wholesalers, as well as food service sales to various institutions such as restaurants, hotels, and schools [4] - Lassonde operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [5]