Lassonde Industries reported strong sales growth and market share gains, particularly in the U.S. beverage segment and through the acquisition of Summer Garden. However, challenges such as margin contraction due to higher input costs and increased operating working capital requirements were noted. The strategic investments are on track, which bodes well for future growth.
Company Guidance
During the Lassonde Industries 2025 First Quarter Earnings Conference Call, the company reported a sales increase of 22.8% to CAD 700 million, with 9.3% growth excluding foreign exchange impacts and the recently acquired Summer Garden business. The U.S. Beverage activities saw a 10% volume increase, despite a slight market contraction, due to build-back initiatives and a new single-serve line. The Canadian segment benefited from past price adjustments and new high-speed juice box lines, leading to market share gains. Specialty Food's contribution included Summer Garden's sales of USD 55.5 million and an EBITDA margin of 24%. The company's cash flow from operating activities required CAD 60 million, influenced by higher working capital needs. Capital expenditures were CAD 79 million, with a significant portion allocated to the New Jersey facility. Net debt rose to CAD 587 million, reflecting inventory financing and CapEx, with a net debt to adjusted EBITDA ratio of 2.0:1. The company anticipates a 10% sales increase for 2025, driven by strategic investments and market expansion efforts.
Significant Sales Increase
Sales increased 22.8% to CAD 700 million. Excluding the foreign exchange impact and the acquisition of Summer Garden, the growth was 9.3%.
Market Share Gains in U.S. Beverage Segment
Lassonde gained market share in the U.S. with a volume increase of 10% despite a slightly contracting market.
Strong Performance of Summer Garden
Summer Garden reported sales of $55.5 million with an EBITDA margin of 24%.
Strategic Investments on Track
Investments in a new facility in New Jersey and a production line in North Carolina are on schedule and within budget.
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Lassonde (TSE:LAS.A) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
May 08, 2025
C$207.92
C$211.00
+1.48%
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%
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 Aug 08, 2025, TBA Not Confirmed.
What is Lassonde (TSE:LAS.A) earnings time?
Lassonde (TSE:LAS.A) earnings time is at Aug 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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