Rogers Sugar (TSE:RSI) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Rogers Sugar Inc. has achieved a significant 52% increase in consolidated adjusted EBITDA, reaching a record $38.1 million in the second quarter of fiscal 2024, indicating robust growth across its Maple and Sugar business segments. The company has successfully concluded a strike with a new five-year collective agreement, and looks to sustain its profitability with an ongoing capacity expansion project. Despite a labor strike that reduced sales volume and EBITDA, the company’s overall financial health remains strong, with a positive outlook for continued growth.
For further insights into TSE:RSI stock, check out TipRanks’ Stock Analysis page.