Strong Cash Flow Generation
Operations generated robust cash flow of $372 million, up 130% year-over-year, driven by lower capital spending and improved working capital management.
Significant Recognition in North America
Saputo received prestigious industry awards in North America for supplier performance, showcasing strong customer relationships and confidence.
Improved Financial Metrics
Adjusted EBITDA increased by 16% to $450 million, and adjusted net earnings rose by 26% to $198 million compared to the same quarter last year.
Operational Efficiency and Cost Management
Enhanced operational efficiencies and proactive cost management led to margin expansions across various sectors.
Growth in Canadian Segment
Canadian revenues increased by 6%, driven by strong sales volumes and higher selling prices to combat inflationary pressures.
Strategic Share Repurchases
Returned $376 million to shareholders through dividends and share repurchases, with plans to continue actively repurchasing shares.