ROUGEMONT, Quebec, May 16, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) (“Lassonde”) announces that the nominees listed in the management proxy circular dated March 27, 2025 were elected as directors of Lassonde. The detailed results of the vote for the election of directors held today at its Annual General Meeting, are set out below. Nominees VOTES FOR VOTES AGAINSTGuy Bélanger39,576,618 99.99% 1,174 0.01%<td style="max-width:2%; width:2%; min-width:2%;;border-top: solid black 1pt ; borde ...

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].

ROUGEMONT, Quebec, May 08, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) ("Lassonde" or the "Corporation") is pleased to announce that it will host a conference call to discuss its first quarter 2025 results on Friday, May 9, 2025. Mr. Vince Timpano, Chief Executive Officer, and Mr. Eric Gemme, Chief Financial Officer, will host the call. OPEN TO:Investors, analysts, and all interested partiesDATE:Friday, May 9, 2025TIME:8:30 a.m. ETCALL:647-846-8280 (for overseas participants)1-833-752-354 ...