ROUGEMONT, Quebec, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) (“Lassonde” or the “Corporation”) today announced its financial results for the third quarter of 2025. Financial Highlights: Third quarters endedSept. 27, 2025Sept. 28, 2024∆(in millions of dollars, unless otherwise indicated)$$$Sales<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1 ...

Core Points - Lassonde Industries Inc. will host a conference call to discuss its Q3 2025 financial results on November 7, 2025 [1] - The call will be led by CEO Vince Timpano and CFO Eric Gemme, and is open to investors, analysts, and interested parties [1] - A live audio broadcast will be available on the company's website, with a replay accessible until November 14, 2025 [1][2] Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry, headquartered in Canada [4] - The company develops, manufactures, and markets a wide range of products, including fruit juices, specialty foods, and fruit-based snacks, distributing over 3,500 unique products [4] - Lassonde operates 19 plants in Canada and the U.S. with over 2,900 full-time equivalent employees [6] Go-to-Market Strategy - The company's strategy includes retail sales to food retailers and wholesalers, as well as food service sales to various institutions such as restaurants and schools [5]

Core Points - Lassonde Industries Inc. will host a conference call to discuss its Q3 2025 financial results on November 7, 2025 [1] - The call will be led by CEO Vince Timpano and CFO Eric Gemme, and is open to investors, analysts, and interested parties [1] - A live audio broadcast will be available on the company's website, with a replay accessible until November 14, 2025 [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 fruit-based snacks [4] - The company distributes over 3,500 unique products across various categories, including shelf-stable, chilled, and frozen formats [4] - Lassonde operates 19 plants in Canada and the United States, employing over 2,900 full-time equivalent employees [6] Go-to-Market Strategy - The company's strategy includes retail sales to food retailers and wholesalers, as well as food service sales to restaurants, hotels, hospitals, and schools [5]

Core Insights - Lassonde Industries Inc. reported strong financial results for Q2 2025, with sales reaching $742.4 million, a 17.8% increase from $624.7 million in Q2 2024 [2][5] - The company experienced a gross profit of $195.7 million, representing 26.4% of sales, which is an increase from $175.7 million in the same quarter last year [2][5] - Operating profit rose to $54.4 million, up from $50.0 million in Q2 2024, while profit attributable to shareholders increased to $34.3 million, resulting in an EPS of $5.03 [2][5][8] Financial Performance - Sales increased by $117.8 million, with a 10.1% rise in sales volumes in Canada, driven by favorable selling price adjustments and a better sales mix [5][9] - Adjusted EBITDA for the quarter was $84.4 million, a 13.1% increase from $74.6 million in Q2 2024 [2][8] - The company reported an adjusted EPS of $5.47, down 4.5% from $5.73 in the previous year [2][8] Market Dynamics - The growth in sales was attributed to sustained market share gains in Canada and continued growth of U.S. brands, despite challenges in the U.S. private label market [3][9] - Lassonde anticipates a sales growth rate slightly above 10% for 2025, driven by the full-year impact of Summer Garden results and increased volumes from the "Buy Canadian" sentiment [9][10] Operational Insights - As of June 28, 2025, total assets increased to $2,324.9 million, a 2.1% rise from $2,277.8 million at the end of 2024, primarily due to higher accounts receivable and inventories [8][9] - Long-term debt stood at $651.1 million, with a net debt to adjusted EBITDA ratio of 2.03:1, reflecting a $173.6 million increase from December 31, 2024 [8][9] Strategic Initiatives - The company is focused on capital investment initiatives, particularly in New Jersey, to enhance its reach in the North American food and beverage market [3][9] - Lassonde plans to continue its multi-year strategy, with capital expenditures estimated to reach up to 7.0% of sales in 2025 [16][17] Dividend Information - A quarterly dividend of $1.10 per share was declared, payable on September 15, 2025, to shareholders on record as of August 19, 2025 [20]

Core Points - Lassonde Industries Inc. will host a conference call to discuss its financial results for Q2 2025 on August 8, 2025 [1] - The call will be led by CEO Vince Timpano and CFO Eric Gemme [1] Conference Call Details - The conference call is open to investors, analysts, and interested parties [2] - Scheduled for August 8, 2025, at 8:30 a.m. ET [2] - Participants can join via phone or listen to a live audio broadcast on the Corporation's website [2] - A replay of the call will be available until midnight on August 15, 2025 [2][3] Company Overview - Lassonde Industries Inc. is a leader in the North American food and beverage industry [5] - The company develops, manufactures, and markets a variety of products, including fruit juices, specialty foods, and fruit-based snacks [5] - Lassonde distributes over 3,500 unique products across approximately 200 formats [5] Operations and Strategy - The company operates 19 plants in Canada and the United States with 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 institutions like restaurants and schools [6]

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]