Earnings Call Summary | SAPUTO GROUP INC(SAPIF.US) Q3 2024 Earnings Conference
Earnings Call Summary | SAPUTO GROUP INC(SAPIF.US) Q3 2024 Earnings Conference
A non-cash impairment charge of $265 million was recorded due to challenging market conditions in the Australia division.The following is a summary of the Saputo Inc. (SAPIF) Q3 2024 Earnings Call Transcript:
以下是薩普託公司（SAPIF）2024年第三季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Saputo reported Q3 2024 revenue of $4.3 billion.
An adjusted EBITDA of $370 million was recorded, a decrease of 16.9% compared to the same quarter the previous year.
A non-cash impairment charge of $265 million was recorded due to challenging market conditions in the Australia division.
The company reported a net loss of $124 million in Q3 2024, partly due to closure and restructuring costs of $6 million.
Operating cash flow increased to $388 million for Q3, largely driven by inventory management initiatives.
Revenues for the Canadian sector stood at $1.3 billion, marking a 5% increase.
Revenues decreased in both the US and International sectors by 5% and 31%, respectively.
Suspension of the dividend reinvestment plan announced due to leverage position and expected cash flow.
薩普託報告稱，2024年第三季度收入爲43億美元。
調整後的息稅折舊攤銷前利潤爲3.7億美元，與去年同期相比下降了16.9％。
由於澳大利亞分部的市場條件艱難，記錄了2.65億澳元的非現金減值費用。
該公司報告稱，2024年第三季度淨虧損1.24億美元，部分原因是600萬美元的關閉和重組成本。
第三季度的運營現金流增加到3.88億美元，這主要是由庫存管理舉措推動的。
加拿大行業的收入爲13億美元，增長了5％。
美國和國際部門的收入分別下降了5％和31％。
由於槓桿狀況和預期的現金流，宣佈暫停股息再投資計劃。
Business Progress:
業務進展：
Saputo continues to hold a strong market position, particularly in mozzarella and blue cheese markets.
Inventory levels decreased, and fill rates improved, mainly due to reduced waste and effective distribution strategies.
Plans to modernize operations are progressing, including closure plans for Big Stone, Lancaster, and Green Bay.
Extensions and cost-saving initiatives are being planned for the Canadian market.
Progress in cheese sales was recorded in the UK and Australia, despite the high costs of cheese production.
Cathedral City brand showed growth both in terms of value and volume.
Significant progress was made across business segments in volume recovery despite the volatile global dairy commodity market.
The company is planning network optimization, automation, and cost reduction strategies as a part of its long-term strategy to boost growth and earnings.
Expectation of increased capital expenditure in the next fiscal year.
薩普託繼續保持強勁的市場地位，尤其是在馬蘇裏拉奶酪和藍紋奶酪市場。
庫存水平下降，填充率提高，這主要是由於減少了浪費和有效的配送策略。
運營現代化計劃正在取得進展，包括Big Stone、Lancaster和Green Bay的關閉計劃。
加拿大市場正在計劃延期和節省成本的舉措。
儘管奶酪生產成本很高，但英國和澳大利亞的奶酪銷售仍取得了進展。
大教堂城品牌在價值和銷量方面均出現增長。
儘管全球乳製品市場動盪不定，但各業務領域的銷量恢復仍取得了重大進展。
該公司正在規劃網絡優化、自動化和成本削減戰略，以此作爲其促進增長和收益的長期戰略的一部分。
預計下一財年的資本支出將增加。
More details: SAPUTO GROUP INC IR
更多詳情： 薩普託集團公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。