SunOpta Inc. announced strong financial results for the first quarter ended March 29, 2025, with revenues increasing 9.3% to $201.6 million, driven by 12.2% favorable volume/mix. Diluted earnings per share from continuing operations rose to $0.04, up from $0.03 in the prior year period, while adjusted EBITDA from continuing operations increased 2% to $22.4 million.
Reflecting the strong performance, SunOpta raised its fiscal year 2025 outlook, now expecting revenue between $788 million and $805 million, representing 9% to 11% growth, and adjusted EBITDA between $99 million and $103 million, an increase of 12% to 16%. The company also reported a significant increase in cash provided by operating activities, reaching $22.3 million in Q1 2025 compared to $7.4 million in Q1 2024.
The Board of Directors approved a share repurchase program on May 5, 2025, authorizing the company to purchase up to $25 million of its common shares. This authorization, alongside a reduced net leverage ratio of 2.9x and a target of 2.5x by year-end 2025, highlights SunOpta's focus on capital allocation and shareholder value. The company also stated its intention to pass through substantially all incremental tariff costs to customers.
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