The latest announcement is out from SunOpta ( (STKL) ).
SunOpta Inc. reported a 9% increase in revenue from continuing operations, reaching $193.9 million, driven by significant volume growth. Despite a loss from continuing operations of $4.6 million, the company achieved a 20% increase in adjusted EBITDA to $26.1 million and strong free cash flow, enabling a reduction in debt and achieving a leverage target of 3.0x. The company plans to continue its growth trajectory by leveraging its competitive strengths, enhancing productivity, and maintaining a disciplined financial approach to improve gross margins and generate free cash flow.
More about SunOpta
SunOpta Inc. is an innovative and sustainable manufacturer focused on fueling the future of food. The company operates in the food industry, with a market focus on creating high value-add solutions for its customers.
YTD Price Performance: -6.98%
Average Trading Volume: 488,389
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $860.2M
For detailed information about STKL stock, go to TipRanks’ Stock Analysis page.