Lassonde Third-Quarter Sales of C$713.3 Million: Gross Profit Rises to C$205.5 Million and Profit Attributable to Shareholders to C$37.7 Million, or C$5.52 Per
ROUGEMONT, Quebec — Lassonde Industries Inc. (TSX: LAS.A) announced on November 5 its financial results for the third quarter of 2026; a corrected release followed on November 6 via GlobeNewswire, noting that the earlier version that day had carried second-quarter figures and that the corrected text governs. According to the corrected release, sales were C$713.3 million, down C$10.5 million year over year; excluding a C$6.5 million favourable foreign exchange impact, sales were down C$17.0 million, or 2.3%, mainly due to lower private label sales volumes, while the change in the sales mix was favourable.
Gross profit was C$205.5 million, or 28.8% of sales, up C$7.9 million, which the company attributed mainly to decreases in the cost of orange and apple concentrates and orange juice and a favourable sales mix, partly offset by higher conversion costs from temporary equipment issues at its New Jersey and North Carolina plants. Operating profit was C$56.8 million. Profit attributable to shareholders was C$37.7 million, or earnings per share of C$5.52, up 2.4%, mainly due to lower financial expenses; adjusted EPS was C$5.94, up 1.7%, and adjusted EBITDA was C$83.6 million, or 11.7% of sales, down 3.2%. Operating activities generated C$62.6 million in cash, compared with C$117.8 million a year earlier. At September 26, 2026, total assets were C$2,314.6 million and long-term debt, including the current portion, was C$418.3 million, down C$26.3 million from December 31, 2025.
The company expects fiscal 2026 sales, excluding foreign exchange impacts, to be slightly below fiscal 2025 levels, and set its 2026 capital expenditure program at up to 7.0% of sales, including approximately US$87 million for its new plant in New Jersey. Chief Executive Officer Vince Timpano said in the release that the results reflect softer consumer demand across portions of the agri-food sector and operational challenges within the U.S. beverage network, and that the transition of production to the new New Jersey facility remains on schedule. The board declared a quarterly dividend of C$1.25 per share, payable December 15, 2026 to registered holders of Class A and Class B shares on November 18, 2026.
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Source: Lassonde Industries (company earnings
Published by GSM · USA (original Chinese edition)
Photo: 饮料灌装生产线（资料图）。（Wikimedia Commons）|A beverage bottling line (file photo). (Wikimedia Commons)
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