Saputo Reports Improved Q4 Profitability Amid Portfolio Streamlining
Saputo Inc. reported improved profitability in the fourth quarter with a 5% increase in adjusted EBITDA to CAD 386 million and an expanded margin of 9.2%. Despite a 6% revenue decline due to lower U.S. dairy commodity pricing, adjusted EPS rose by 21% to CAD 0.41. The company is selling an 80% stake in its Argentina business as part of efforts to reallocate capital toward higher-return markets.
Topics: cash_flow dairy divestiture ebitda revenue