SunOpta: Q3 2010 Results

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SunOpta Inc., a leading global company focused on natural, organic and specialty foods and natural health products, today announced financial results for the period ended October 2, 2010. All amounts are expressed in U.S. dollars and results are reported in accordance with U.S. GAAP, except where specifically noted. As a result of the June 11, 2010 sale of the Company's Food Distribution Assets and August 31, 2010 sale of SunOpta BioProcess Inc., all results from operations related to these businesses have been excluded from operating results and are now reported as discontinued operations for all comparable periods.

For the third quarter of 2010 the Company realized revenues of $217.9 million versus third quarter 2009 revenues of $212.5 million, a year over year increase of 2.5%. Revenues in SunOpta Foods were $197.5 million, an increase of 0.9% versus the third quarter of 2009. After adjusting for movements in foreign exchange rates and commodity related pricing, revenues increased approximately 7.6% on a consolidated basis versus the third quarter of 2009, and approximately 6.4% in SunOpta Foods, reflecting continued momentum in the natural, organic and specialty foods sectors.

For the third quarter of 2010 the Company reported net income on a GAAP basis of $34.1 million or $0.52 per diluted common share versus net losses in the third quarter of 2009 of $4.7 million or $0.07 per diluted common share. Included in the results of the third quarter was a net gain on the sale of SunOpta Bioprocess Inc. of $34.6 million after tax or $0.52 per diluted common share, offset by non-cash goodwill and impairment charges of $6.4 million after tax or $0.10 per diluted common share.

Earnings from operations1 for the third quarter of 2010 were $5.3 million or $0.08 per diluted common share. Earnings from operations1 for the third quarter include additional pre-tax costs of approximately $0.6 million related primarily to ongoing facility and operational rationalizations.

Operating income1 for the third quarter increased 96.2% to $10.0 million or 4.6% of revenues versus operating income1 in the prior year of $5.1 million or 2.4% of revenues. Operating income1 in SunOpta Foods increased to $9.7 million or 4.9% of revenues versus $5.3 million or 2.7% in the prior year.

EBITDA1 for the third quarter of 2010, excluding the net effect of discontinued operations and non-cash charges increased 52% to $14.1 million versus $9.3 million in 2009, indicative of the improved operating performance realized within the business.

For the year to date period ended October 2, 2010 the Company has realized revenues of $668.5 million versus year to date third quarter 2009 revenues of $619.8 million, a year over year increase of 7.9%. Revenues in SunOpta Foods for the year-to-date period were $609.0 million, an increase of 6.1% versus the year-to-date period in 2009. After adjusting for movements in foreign exchange rates and commodity related pricing, revenues increased approximately 11.2% on a consolidated basis, and approximately 9.7% in SunOpta Foods. Year to date all operating segments have realized increased revenues and operating income1 versus the prior year.

Year to date the Company has realized net income on a GAAP basis of $59.1 million or $0.90 per diluted common share versus a net loss in 2009 of $4.5 million or $0.07 per diluted common share. Included in the year to date results was a net gain after tax on the sale of the Canadian Food Distribution assets of $13.8 million or $0.21 per diluted common share and a net gain after tax on the sale of SunOpta Bioprocess Inc. of $34.6 million or $0.52 per diluted common share, offset by certain non-cash goodwill and impairment charges of $6.4 million after tax or $0.10 per diluted common share.

Earnings from operations1 for the three quarters ended October 2, 2010 were $16.6 million or $0.25 per diluted common share. Earnings from operations in the three quarters ended October 2, 2010 also include additional pre-tax costs of approximately $4.6 million, including legal and professional fees and costs related to ongoing facility and operational rationalizations.

Year to date the Company has realized operating income1 of $31.5 million or 4.7% of revenues versus operating income1 in the prior year of $9.6 million or 1.6% of revenues. Operating income1 in SunOpta Foods increased to $33.9 million or 5.6% of revenues versus $14.1 million or 2.4% in the prior year.

The Company has realized EBITDA1 through the first three quarters ended October 2, 2010 of $43.9 million versus $22.4 million in the prior year, an increase of approximately 96%, excluding the net favorable benefit of dispositions offset by goodwill and impairment charges.

At October 2, 2010 the Company's balance sheet reflects a current working capital ratio of 1.61 to 1.00, long-term debt to equity ratio of 0.25 to 1.00 and total debt to equity ratio of 0.33 to 1.00. During the third quarter the Company generated cash from continuing operations of $20.7 million. At October 2, 2010 the Company has total assets of $517.4 million and a net book value of $4.42 per outstanding share.

At quarter-end, the Company is in compliance with all banking covenants.

Steve Bromley, President and Chief Executive Officer of SunOpta, commented, "We are very pleased with our third quarter and year to date results which are the result of numerous operational improvement initiatives which have been implemented, combined with the benefit of the disposition of certain of our non-core assets. We continue to focus on process improvement across the organization and are very pleased that the initiatives undertaken are having the expected positive effect on our results. At the same time our balance sheet has improved significantly with lower debt leverage and improved return on net assets employed. We remain confident that our continued focus on margin improvement and asset management, when combined with strong consumer interest in health and wellness, positions our Company for long-term success."

The Company plans to host a conference call at 10:00 a.m. Eastern Time on Thursday, November 11th, 2010 to discuss these results and recent corporate developments. The conference call can be accessed via a link at the Company's website at www.sunopta.com. Additionally, the call may be accessed with the toll free dial-in number 1-877-312-9198 or 631-291-4622. A replay number can also be accessed between November 11th and 18th with the toll free dial-in number 1--800-642-1687 or 706-645-9291 followed by pass code: 86530032#.

1 See discussion and reconciliation of Non-GAAP Measures

About SunOpta Inc.

SunOpta Inc. is a leading global company focused on natural, organic and specialty foods and natural health products. The Company specializes in sourcing, processing and packaging of natural and organic food products, integrated from seed through packaged products; with a focus on strategically significant vertically integrated business models The Company's core natural and organic food operations focus on value-added grains, fiber and fruit based product offerings, supported by a global infrastructure. The Company has two non-core holdings, a 66.4% ownership position in Opta Minerals Inc. (TSX:OPM - News), a producer, distributor, and recycler of environmentally friendly industrial materials; and a minority ownership position in Mascoma Corporation, an innovative biofuels company.

The SunOpta Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3958

Forward-Looking Statements

Certain statements included in this press release may be considered "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, which are based on information available to us on the date of this release. These forward-looking statements include, but are not limited to, management's continued focus on process improvement, margin improvement and asset management and positioning for long-term success. The terms and phrases "continue," "improvement," "remain confident," "positions," and other similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on information available to us on the date of this release and are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors the Company believes are appropriate in the circumstances including, but not limited to, general economic conditions, consumer interest in health and wellness, product pricing levels, current customer demand, competitive intensity, cost rationalization and product development initiatives. Whether actual timing and results will agree with expectations and predications of the Company is subject to many risks and uncertainties including, but not limited to, global economic conditions, consumer spending patterns and changes in market trends, decreases in customer demand, potential failure of product development, working capital management and continuous improvement initiatives, availability and pricing of raw materials and supplies, and other risks described from time to time under "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q (available at www.sec.gov). Consequently all forward-looking statements made herein are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized.

SunOpta Inc.     


Consolidated Statements of Operations
For the quarter ended October 2, 2010 and September 30, 2009
Unaudited     


(Expressed in thousands of U.S. dollars, except per share amounts)





    Quarter
ended
October 2,
2010
$     Quarter
ended
September 30,
2009
$     %
change












Revenues     217,905     212,488     2.5%




Cost of goods sold     184,698     183,949     0.4%




Gross profit     33,207     28,539     16.4%




Warehousing and distribution expenses     702     1,036     (32.2%)
Selling, general and administrative expenses     21,412     21,747     (1.5%)
Intangible asset amortization     1,155     1,300     (11.2%)
Other expense (income), net     7,453     (270)     n/m
Goodwill impairment     1,654     8,341     (80.2%)
Foreign exchange gain     (58)     (639)     90.9%




Earnings (loss) from continuing operations before the following     889     (2,976)     129.9%




Interest expense, net     2,036     3,883     (47.6%)




Loss from continuing operations before income taxes     (1,147)     (6,859)     (83.3%)
Recovery of income taxes     (1,258)     (145)     767.6%




Earnings (loss) from continuing operations     111     (6,714)     (101.7%)




Discontinued operations     


Loss from discontinued operations, net of taxes     (15,415)     (150)     n/m
Gain on sale of discontinued operations, net of taxes     49,867     --     n/m




Earnings (loss) from discontinued operations, net of taxes     34,452     (150)     n/m

    34,563     (6,864)     603.5%
Earnings (loss)     






Earnings (loss) attributable to non-controlling interests     496     (2,192)     122.6%




Earnings (loss) attributable to SunOpta Inc.     34,067     (4,672)     829.2%




(Loss) earnings per share -- basic     


-from continuing operations     (0.01)     (0.07)     
-from discontinued operations     0.53     --     

    0.52     (0.07)     




(Loss) earnings per share -- diluted     


-from continuing operations     --     (0.07)     
-from discontinued operations     0.52     --     

    0.52     (0.07)     

SunOpta Inc.     


Consolidated Statements of Operations
For the three quarters ended October 2, 2010 and September 30, 2009
Unaudited     


(Expressed in thousands of U.S. dollars, except per share amounts)





    Three quarters
ended October 2,
2010
$     Three quarters
ended September 30,
2009
$     %
change












Revenues     668,539     619,772     7.9%




Cost of goods sold     560,721     538,859     4.1%




Gross profit     107,818     80,913     33.3%




Warehousing and distribution expenses     2,894     3,034     (4.6%)
Selling, general and administrative expenses     71,432     64,833     10.2%
Intangible asset amortization     3,474     3,577     (2.9%)
Other expense (income), net     8,812     (342)     n/m
Goodwill impairment     1,654     8,341     (80.2%)
Foreign exchange gain     (1,494)     (156)     (857.7%)




Earnings from continuing operations before the following     21,046     1,626     n/m




Interest expense, net     7,625     10,159     (24.9%)




Earnings (loss) from continuing operations before income taxes     13,421     (8,533)     257.3%
Provision for (recovery of) income taxes     2,672     (1,207)     321.4%




Earnings (loss) from continuing operations     10,749     (7,326)     246.7%




Discontinued operations     


(Loss) earnings from discontinued operations, net of taxes     (14,569)     29     n/m
Gain on sale of discontinued operations, net of taxes     63,676     --     n/m




Earnings from discontinued operations, net of taxes     49,107     29     n/m

    59,856     (7,297)     
Earnings (loss)     

    n/m




Earnings (loss) attributable to non-controlling interests     710     (2,748)     125.8%




Earnings (loss) attributable to SunOpta Inc.     59,146     (4,549)     n/m




Earnings (loss) per share -- basic     


-from continuing operations     0.16     (0.07)     
-from discontinued operations     0.75     --     

    0.91     (0.07)     




Earnings (loss) per share -- diluted     


-from continuing operations     0.15     (0.07)     
-from discontinued operations     0.75     --     

    0.90     (0.07)     

SunOpta Inc.     


Consolidated Balance Sheets
As at October 2, 2010 and December 31, 2009
Unaudited     


(Expressed in thousands of U.S. dollars, except per share amounts)




    October 2,
2010
$     December 31,
2009
$




Assets     






Current assets     


Cash and cash equivalents     
    21,067     1,752
Accounts receivable     
    94,618     78,483
Inventories     
    158,049     157,541
Prepaid expenses and other current assets     
    13,573     10,001
Current income taxes recoverable     
    --     442
Deferred income taxes     
    5,173     5,457
Current assets held for sale     
    --     56,140


    292,480     309,816




Investments     
    33,345     --
Property, plant and equipment     
    100,266     103,561
Goodwill     
    30,134     31,431
Intangible assets     
    48,424     55,229
Deferred income taxes     
    10,680     15,257
Other assets     
    2,037     2,876
Non-current assets held for sale     
    --     33,120






    517,366     551,290
Liabilities     






Current liabilities     


Bank indebtedness     
    23,690     63,481
Accounts payable and accrued liabilities     
    100,167     87,519
Customer and other deposits     
    963     1,064
Incomes taxes payable     
    1,612     --
Other current liabilities     
    1,187     1,566
Current portion of long-term debt     
    53,842     52,455
Current portion of long-term liabilities     
    373     683
Current liabilities held for sale     
    --     19,135


    181,834     225,903




Long-term debt     
    17,183     34,734
Long-term liabilities     
    2,595     2,760
Deferred income taxes     
    13,126     12,708
Non-current liabilities held for sale     
    --     487


    214,738     276,592




Preferred shares of a subsidiary company held for sale     
    --     28,187




Equity     


SunOpta Inc. shareholders' equity     


Capital stock     
    179,587     178,694
65,299,048 common shares (December 31, 2009 -- 64,982,968)     


Additional paid in capital     
    11,480     7,934
Retained earnings     
    93,292     34,146
Accumulated other comprehensive income     
    4,101     12,079


    288,460     232,853
Non-controlling interest     
    14,168     13,658
Total equity     
    302,628     246,511





    517,366     551,290

SunOpta Inc.     

Consolidated Statements of Cash Flows     

For the quarter ended October 2, 2010 and September 30, 2009
Unaudited     

(Expressed in thousands of U.S. dollars, except per share amounts)

    Quarter ended
October 2,
2010
$     Quarter ended
September 30,
2009
$



Cash provided by (used in)     




Operating activities     

Earnings (loss)     34,563     (6,864)
Earnings (loss) from discontinued operations     34,452     (150)
Earnings (loss) from continuing operations     111     (6,714)



Items not affecting cash     

Depreciation and amortization     4,110     4,187
Unrealized loss (gain) on foreign exchange     829     (169)
Deferred income taxes     (1,909)     (1,459)
Goodwill impairment     1,654     8,341
Impairment of long-lived assets     7,505     --
Other     21     2,254
Changes in non-cash working capital     8,371     13,683
Net cash flows from operating activities -- continuing operations     20,692     20,123
Net cash flows from operating activities -- discontinued operations     (5,362)     (857)

    15,330     19,266
Investing activities     

Purchases of property, plant and equipment, net     (4,714)     (1,871)
Purchase of patents, trademarks and other intangible assets     (37)     (77)
Other     116     2,041
Cash flows from investing activities -- continuing operations     (4,635)     93
Cash flows from investing activities -- discontinued operations     (12,485)     1,120

    (17,120)     1,213
Financing activities         
Decrease in line of credit facilities     (4,359)     (18,996)
Proceeds from the issuance of common shares     338     215
Repayment of long-term debt     (12,158)     (3,141)
Other     (44)     (1)
Cash flows from financing activities -- continuing operations     (16,223)     (21,923)
Cash flows from financing activities -- discontinued operations     --     --

    (16,233)     (21,923)



Foreign exchange gain on cash held in a foreign currency     725     573



Decrease in cash and cash equivalents during the period     (17,288)     (871)



Discontinued operations cash activity included above:     

Add: Balance included at beginning of period     17,974     19,136
Less: Balance included at end of period     --     (19,400)



Cash and cash equivalents -- beginning of the period     20,381     2,456



Cash and cash equivalents -- end of the period     21,067     1,321

SunOpta Inc.     

Consolidated Statements of Cash Flows     

For the three quarters ended October 2, 2010 and September 30, 2009
Unaudited     

(Expressed in thousands of U.S. dollars, except per share amounts)

    Three quarters
ended October 2,
2010
$     Three quarters
ended September 30,
2009
$



Cash provided by (used in)     




Operating activities     

Earnings (loss)     59,856     (7,297)
Earnings from discontinued operations     48,107     29
Earnings (loss) from continuing operations     10,749     (7,326)



Items not affecting cash     

Depreciation and amortization     12,350     12,806
Unrealized gain on foreign exchange     (589)     (403)
Deferred income taxes     (784)     (354)
Goodwill impairment     1,654     8,341
Impairment of long-lived assets     7,895     --
Other     1,603     337
Changes in non-cash working capital     (10,433)     14,628
Cash flows from operating activities -- continuing operations     22,444     28,029
Cash flows from operating activities -- discontinued operations     (5,439)     (1,808)

    17,005     26,221
Investing activities     

Purchases of property, plant and equipment, net     (13,545)     (9,490)
Payment of deferred purchase consideration     (721)     (1,500)
Purchase of patents, trademarks and other intangible assets     (400)     (214)
Other     281     (191)
Cash flows from investing activities -- continuing operations     (14,385)     (11,395)
Cash flows from investing activities -- discontinued operations     52,298     (1,669)

    37,913     (13,064)
Financing activities         
Decrease in line of credit facilities     (39,155)     (9,750)
Borrowings under long-term debt     247     716
Proceeds from the issuance of common shares     850     627
Repayment of long-term debt     (16,327)     (9,670)
Other     (287)     60
Net cash flows from financing activities -- continuing operations     (54,672)     (18,017)
Net cash flows from financing activities -- discontinued operations     --     --

    (54,672)     (18,017)



Foreign exchange gain on cash held in a foreign currency     98     826



Increase (decrease) in cash and cash equivalents during the period     344     (4,034)



Discontinued operations cash activity included above:     

Add: Balance included at beginning of period     18,971     22,877
Less: Balance included at end of period     --     (19,400)



Cash and cash equivalents -- beginning of the period     1,752     1,878



Cash and cash equivalents -- end of the period     21,067     1,321

SunOpta Inc.     




Segmented Information     




For the quarter ended October 2, 2010 and September 30, 2009     
Unaudited     




(Expressed in thousands of U.S. dollars)     



    Quarter ended
October 2, 2010     

    SunOpta
Foods
$     Opta Minerals
$     Corporate
Services
$     Consolidated
$     






Total revenues from external customers     197,484     20,421     --     217,905     






Segment Operating Income     9,710     2,792     (2,506)     9,996     






SunOpta Foods has the following segmented reporting:     

    Quarter ended
October 2, 2010

    Grains
and
Foods
Group
$     Ingredients
Group
$     Fruit
Group
$     International
Foods
Group
$     SunOpta
Foods
$






Total revenues from external customers     86,952     17,134     34,824     58,574     197,484






Segment Operating Income     5,353     3,104     707     546     9,710




    Quarter ended
September 30, 2009     

    SunOpta
Foods
$     Opta Minerals
$     Corporate
Services
$     Consolidated
$     






Total revenues from external customers     195,743     16,745     --     212,488     






Segment Operating Income     5,292     1,290     (1,487)     5,095     






SunOpta Foods has the following segmented reporting:     

    Quarter ended
September 30, 2009

    Grains
and
Foods
Group
$     Ingredients
Group
$     Fruit
Group
$     International
Foods
Group
$     SunOpta
Foods
$






Total revenues from external customers     86,290     17,385     35,870     56,198     195,743






Segment Operating Income     5,257     2,859     (1,745)     (1,079)     5,292






(Segment Operating Income is defined as "Earnings before the following" excluding the impact of "other expense (income), net" and "Goodwill impairment")

SunOpta Inc.     




Segmented Information     




For the three quarters ended October 2, 2010 and September 30, 2009
Unaudited     




(Expressed in thousands of U.S. dollars)




    Three quarters ended
October 2, 2010     


SunOpta
Foods
$     Opta
Minerals
$     Corporate
Services
$     Consolidated
$     






Total revenues from external customers     609,046     59,493     --     668,539     






Segment Operating Income     33,919     6,224     (8,631)     31,512     






SunOpta Foods has the following segmented reporting:     

    Three quarters ended
October 2, 2010

    Grains
and
Foods
Group
$     Ingredients
Group
$     Fruit
Group
$     International
Foods
Group
$     SunOpta
Foods
$






Total revenues from external customers     257,885     52,932     119,476     178,753     609,046






Segment Operating Income     17,557     10,322     3,867     2,173     33,919




    Three quarters ended
September 30, 2010     

    SunOpta
Foods
$     Opta Minerals
$     Corporate
Services
$     Consolidated
$     






Total revenues from external customers     573,962     45,810     --     619,772     






Segment Operating Income     14,051     429     (4,855)     9,625     






SunOpta Foods has the following segmented reporting:     

    Three quarters ended
September 30, 2009

    Grains
and
Foods
Group
$     Ingredients
Group
$     Fruit
Group
$     International
Foods
Group
$     SunOpta
Foods
$






Total revenues from external customers     250,346     47,138     113,331     163,147     573,962






Segment Operating Income     14,405     5,571     (2,279)     (3,646)     14,051






(Segment Operating Income is defined as "Earnings before the following" excluding the impact of "other expense (income), net" and "Goodwill impairment")

Non-GAAP Measures

In addition to reporting financial results in accordance with generally accepted accounting principles ("GAAP"), the Company provides information regarding Operating Income, Earnings before interest, taxes, depreciation and amortization ("EBITDA") and Earnings from Operations as additional information about its operating results, which are not measures in accordance with GAAP. The Company believes that these non-GAAP measures assist investors in comparing performance across reporting periods on a consistent basis by excluding items that are not indicative of the Company's core operating performance. The non-GAAP measures of operating income, EBITDA, and earnings from operations should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP.

The Company defines Operating Income as "Earnings from continuing operations before the following" excluding the impact of "Other expense (income), net" and "Goodwill Impairment;" and EBITDA as Operating Income plus depreciation and amortization. The following is a tabular presentation of Operating Income and EBITDA, including a reconciliation to GAAP earnings for the period, which the Company believes to be the most directly comparable GAAP financial measure.


    Quarter ended
October 2, 2010
$     Quarter ended
September 30, 2009
$



Earnings (loss) from continuing operations     111     (6,714)



Recovery of income taxes     (1,258)     (145)
Interest expense, net     2,036     3,883
Other expense (income), net     7,453     (270)
Goodwill impairment     1,654     8,341
Operating income     9,996     5,095
Depreciation and amortization     4,110     4,187
Earnings before interest, taxes, depreciation and amortization (EBITDA)     14,106     9,282




    Three quarters
ended
October 2, 2010
$     Three quarters
ended
September 30, 2009
$



Earnings (loss) from continuing operations     10,749     (7,326)



Provision for (recovery of) income taxes     2,672     (1,207)
Interest expense, net     7,625     10,159
Other expense (income), net     8,812     (342)
Goodwill impairment     1,654     8,341
Operating income     31,512     9,625
Depreciation and amortization     12,350     12,806
Earnings before interest, taxes, depreciation and amortization (EBITDA)     43,862     22,431

Earnings from operations and diluted earnings from operations per share are non-GAAP measures. During the quarter and three quarters ended October 2, 2010, the Company recognized certain gains and recorded specific expenses against income that we do not believe are reflective of normal business operations. As a result, earnings attributable to SunOpta Inc. and earnings per diluted share are adjusted to arrive at earnings from operations and earnings from operations per diluted share. The following is a tabular presentation of earnings from operations and earnings from operations per diluted common share, including a reconciliation to GAAP earnings attributable to SunOpta Inc. and diluted earnings per share, which the Company believes to be the most directly comparable GAAP financial measure.


    Quarter Ended
October 2, 2010     Diluted Earnings
per Share for the
Period


Earnings attributable to SunOpta Inc.     34,067     0.52
Adjusted for:     

Gain on sale of discontinued operations, net of taxes     (49,867)     (0.76)
Costs included in discontinued operations incurred as a result of the sale of SunOpta BioProcess Inc.     15,281     0.23
Impairment of long-lived assets and goodwill, net of taxes of $2,321     6,367     0.10
Reversal of tax valuation allowance     (549)     (0.01)
Earnings from operations     5,299     0.08




    Three Quarters
Ended October 2, 2010     Diluted Earnings
per Share for the
Period


Earnings attributable to SunOpta Inc.     $ 59,146     0.90
Adjusted for:     

Gain on sale of discontinued operations, net of taxes     (63,676)     (0.97)
Costs included in discontinued operations incurred as a result of the sale of the Canadian food distribution assets and SunOpta BioProcess Inc., net of taxes of $388     16,183     0.25
Severance costs related to restructuring plan at our natural health products operation, net of taxes of $223     413     0.01
Gain on dilution of SBI's ownership position in Xylitol Canada     (1,242)     (0.02)
Impairment of long-lived assets and goodwill, net of taxes of $2,321     6,367     0.10
Reversal of tax valuation allowance     (549)     (0.01)
Earnings from operations     16,642     0.25

Contact:
SunOpta Inc.
Steve Bromley, President & CEO
Eric Davis, Vice President & CFO
Tony Tavares, Chief Operating Officer
Susan Wiekenkamp, Information Officer
  susan.wiekenkamp@sunopta.com
905-455-2528, ext 103
www.sunopta.com
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