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Lassonde (TSE:LAS.A)
TSX:LAS.A
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.75Last Year’s EPS
3.68Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -6.35%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
Lassonde Industries demonstrated strong financial performance and strategic growth initiatives in 2024, with record sales and successful expansion plans. However, challenges such as production delays from a hurricane, commodity price volatility, and potential tariffs present significant risks moving forward.Company Guidance
During the Lassonde Industries 2024 Fourth Quarter and Year-End Earnings Conference Call, CEO Vince Timpano highlighted the company's record-breaking financial results, with sales exceeding $2.6 billion and an adjusted EBITDA of $276 million. The U.S. business showed a 10% volume increase, while the Canadian division managed pricing against high orange juice costs through innovation and promotions. The specialty food sector also performed well, bolstered by the acquisition of Summer Garden Food Manufacturing, contributing $55.7 million in sales and a 22% EBITDA margin. Strategic investments included a $220 million multi-year investment in the U.S., with plans for a new facility in New Jersey and enhanced operations in North Carolina. The company aims for a 10% sales increase in 2025, driven by Summer Garden's full-year contribution, price adjustments, and U.S. market expansion. Despite potential tariffs and commodity price fluctuations, Lassonde remains cautiously optimistic about sustaining growth in 2025.Record Financial Performance
Lassonde delivered record financial results in 2024 with sales exceeding $2.6 billion and adjusted EBITDA of $276 million, with all divisions contributing positively.
U.S. Business Growth
The U.S. business saw a volume increase of 10%, with market share growth in a declining category, indicating successful strategies.
Strategic Investments and Expansion
Lassonde announced a $220 million multi-year investment program, including a new facility in New Jersey and enhancements in North Carolina, aimed at driving efficiency and production capabilities.
Specialty Foods Acquisition
The acquisition of Summer Garden Food Manufacturing contributed $55.7 million in sales and $12.5 million in EBITDA, with strong margins over 22%.
Successful Canadian Operations
Pricing strategies in Canada offset record orange juice inflation, and the Oasis brand was named Canada's most trusted fruit juice brand for the third consecutive year.
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TSE:LAS.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LAS.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | C$212.49 | C$213.00 | +0.24% |
| Nov 07, 2024 | C$173.52 | C$188.84 | +8.83% |
| Aug 08, 2024 | C$156.19 | C$165.34 | +5.86% |
| May 09, 2024 | C$141.63 | C$150.35 | +6.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lassonde (TSE:LAS.A) report earnings?
Lassonde (TSE:LAS.A) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Lassonde (TSE:LAS.A) earnings time?
Lassonde (TSE:LAS.A) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LAS.A EPS forecast?
TSE:LAS.A EPS forecast for the fiscal quarter 2025 (Q1) is 2.75.
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