Business
Lassonde Industries Inc. announces its Q1-2025 results
ROUGEMONT, Quebec, May 08, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) (&...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"Lassonde Industries Inc. announces its Q1-2025 results\n\n\n\n ROUGEMONT, Quebec, May 08, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) (“Lassonde” or the “Corporation”) today announced its financial results for the first quarter of 2025.\n \n\n\n\n Financial Highlights:\n \n\n\n\n\n\n\n\n\n First quarters ended\n \n\n\n\n\n\n March 29,\n \n 2025\n \n\n\n\n March 30,\n \n 2024\n \n\n\n Δ\n \n\n\n\n\n (in millions of dollars, unless otherwise indicated)\n \n\n\n\n $\n \n\n\n $\n \n\n $\n \n\n\n\n Sales\n \n\n\n 699.7\n \n\n\n\n\n 569.8\n \n\n\n\n 129.8\n \n\n\n\n\n\n Gross profit\n \n\n\n 183.2\n \n\n\n\n\n 149.6\n \n\n\n\n 33.6\n \n\n\n\n\n\n Operating profit\n \n\n\n 42.7\n \n\n\n\n\n 34.6\n \n\n\n\n 8.1\n \n\n\n\n\n\n Profit\n \n\n\n 23.8\n \n\n\n\n\n 23.7\n \n\n\n\n 0.1\n \n\n\n\n\n\n Attributable to:\n \n\n\n\n Corporation’s shareholders\n \n\n\n 24.5\n \n\n\n\n\n 23.8\n \n\n\n\n 0.7\n \n\n\n\n\n\n Non-controlling interests\n \n\n\n (0.7\n \n\n\n\n )\n \n\n\n (0.1\n \n\n )\n \n\n (0.6\n \n\n )\n \n\n\n\n\n EPS\n \n\n (in $)\n \n\n\n\n 3.60\n \n\n\n\n\n 3.49\n \n\n\n\n 0.11\n \n\n\n\n\n\n\n Weighted average number of shares outstanding\n \n\n (in thousands)\n \n\n\n\n 6,822\n \n\n\n\n\n 6,822\n \n\n\n\n -\n \n\n\n\n\n\n\n Adjusted EBITDA\n \n\n 1\n \n\n\n\n 71.5\n \n\n\n\n\n 52.4\n \n\n\n\n 19.1\n \n\n\n\n\n\n\n Adjusted EPS\n \n\n 1\n \n\n (in $)\n \n\n\n\n 4.00\n \n\n\n\n\n 3.68\n \n\n\n\n 0.32\n \n\n\n\n\n\n\n\n Note:\n \n\n\n These are financial highlights only. Management’s Discussion and Analysis, the unaudited interim condensed consolidated financial statements and notes thereto for the quarter ended March 29, 2025 are available on the SEDAR+ website at\n \n www.sedarplus.ca\n \n and on the website of Lassonde Industries Inc.\n \n\n\n “Lassonde started 2025 on a strong footing, delivering solid sales and operating profit growth despite ongoing uncertainty,” said Vince Timpano, Chief Executive Officer of Lassonde Industries Inc. “When excluding the impact of Summer Garden and foreign exchange fluctuations, sales climbed a healthy 9.3%, driven by continued momentum in our U.S. volume build-back plan, and through selling price adjustments. Our Canadian brands also gained ground, supported by innovation, effective merchand...