Lassonde Industries Inc. ( (LSDAF) ) has released its Q4 earnings. Here is a breakdown of the information Lassonde Industries Inc. presented to its investors.
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Lassonde Industries Inc., a leading player in the food and beverage sector, specializes in the production and marketing of a wide range of fruit and vegetable juices, drinks, and specialty food products. The company is known for its strong presence in both the Canadian and U.S. markets.
Lassonde Industries Inc. has reported robust financial results for the fourth quarter and fiscal year 2024, marking a significant year-over-year improvement. The company’s performance was bolstered by strategic acquisitions, increased sales volumes, and effective price adjustments.
Key financial highlights for the fourth quarter include a substantial increase in sales to $738.1 million, a gross profit of $192.9 million, and an operating profit of $43.0 million. The company’s adjusted EBITDA rose to $79.6 million, reflecting a strong operational performance. For the full fiscal year, Lassonde achieved sales of $2,600.9 million and a gross profit of $698.1 million, with a notable increase in profit attributable to shareholders, reaching $114.1 million.
Looking ahead, Lassonde Industries remains cautiously optimistic about 2025, with plans to continue executing its strategic initiatives aimed at cost reduction and capacity improvement. The company anticipates a sales growth rate of approximately 10%, driven by the full integration of recent acquisitions and ongoing marketing efforts. Despite potential challenges such as tariffs and input cost volatility, Lassonde is well-positioned to sustain its growth trajectory.