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Lassonde (TSE:LAS.A)
TSX:LAS.A
Holding TSE:LAS.A?
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.95Last Year’s EPS
3.14Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 4.34%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with robust sales growth, successful integration of acquisitions, and strategic investments to enhance future competitiveness. While there were some challenges such as the impact of Hurricane Helen and increased SG&A expenses, the company's strategic initiatives and market responses were largely viewed as positive.Company Guidance
During the Lassonde Industries 2024 Third Quarter Earnings Conference Call, management provided detailed guidance on the company's performance and strategic initiatives. Sales increased by 14.5% year-over-year, reaching $668 million, with an 8.2% growth excluding acquired entities and foreign exchange impacts. The gross profit rose to $180 million, or 26.9% of sales, while adjusted EBITDA climbed 31% to $69 million, representing 10.4% of sales. The company announced a $200 million investment in a new facility in New Jersey and a $20 million investment in North Carolina to enhance production capabilities. Lassonde expects to achieve mid- to high-single-digit sales growth for 2024, driven by pricing adjustments and volume improvements in the U.S. Despite challenges like Hurricane Helene, the company remains optimistic about its growth trajectory and aims to reach $3 billion in sales by 2026, leveraging strategic investments and the integration of Summer Garden's operations.Strong Operating Results
Lassonde delivered strong operating results in the third quarter, with a 14.5% increase in sales to $668 million, driven by an 8.2% increase excluding acquired entities and foreign exchange impacts. Operating profit improved by 32% from last year.
Successful Integration of Summer Garden
The acquisition of Summer Garden contributed $26.7 million in sales over approximately seven weeks, with a dedicated team facilitating the onboarding and integration of its operations.
U.S. Beverage Volume Gains
Volume gains were driven by the U.S. private label and branded businesses, with the start of the North Carolina single-serve line contributing to growth.
Capital Expenditure Program
A $200 million investment was announced to build a new facility in New Jersey, expected to enhance competitiveness with improved production flow and efficiency.
Improved Gross Profit and Margin
Gross profits reached $180 million, representing 26.9% of sales, up from 25.1% last year, driven by higher volume and efficiency improvements.
Positive Outlook for 2024
The company anticipates continued momentum into the final quarter of 2024, with sales growth expected in the mid- to high-single-digit range.
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TSE:LAS.A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LAS.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$174.51 | C$189.91 | +8.83% |
| Aug 08, 2024 | C$157.07 | C$166.28 | +5.86% |
| May 09, 2024 | C$142.43 | C$151.21 | +6.16% |
| Mar 21, 2024 | C$151.16 | C$151.67 | +0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lassonde (TSE:LAS.A) report earnings?
Lassonde (TSE:LAS.A) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is Lassonde (TSE:LAS.A) earnings time?
Lassonde (TSE:LAS.A) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LAS.A EPS forecast?
TSE:LAS.A EPS forecast for the fiscal quarter 2024 (Q4) is 3.95.
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