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Financial Results for the Third Quarter of Fiscal 2021 Ended December 31, 2020

Written by Customer Service on . Posted in Public Companies.

Revenues at $3.763 billion, down 3.3%
Adjusted EBITDA at $431.1 million, up 3.4%
Net earnings at $209.8 million, up 6.1%
Adjusted net earnings excluding amortization of intangible assets
related to business acquisitions at $227.8 million, down 0.6%MONTRÉAL, Feb. 04, 2021 (GLOBE NEWSWIRE) — Saputo Inc. (TSX: SAP) (Saputo or the Company) reported today its financial results for the third quarter of fiscal 2021, which ended on December 31, 2020. All amounts in this news release are in Canadian dollars (CDN), unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).Revenues amounted to $3.763 billion, a decrease of $127.9 million or 3.3%.Adjusted EBITDA* amounted to $431.1 million, an increase of $14.1 million or 3.4%.Net earnings totalled $209.8 million and EPS** (basic and diluted) were $0.51, an increase as compared to $197.8 million and EPS (basic and diluted) of $0.49 and $0.48.Adjusted net earnings excluding amortization of intangible assets related to business acquisitions* totalled $227.8 million, as compared to $229.1 million, and the corresponding EPS** (basic and diluted) were $0.56 and $0.55, as compared to $0.56.

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