Record-Breaking Sales Growth
Sales for the quarter reached a record $1.9 billion, up $212 million or 12.5% compared to the second quarter of 2024, driven by organic volume growth, acquisitions, and selling price increases.
Strong Organic Volume Growth
The company's U.S. market-focused initiatives in premium protein and artisan bakery products generated $58 million in organic volume growth, with growth rates of 15% and 98%, respectively.
Adjusted EBITDA Increase
Adjusted EBITDA for the quarter was $177.1 million, representing an increase of $12.5 million or 7.6% compared to the second quarter of 2024.
Debt Leverage Reduction
Total debt-to-EBITDA ratio decreased to 4.2:1, showing a 0.4 turns improvement from the first quarter of 2025.
Free Cash Flow Increase
Free cash flow for the quarter increased by 6.6% to $80.2 million compared to the second quarter of 2024.