SunOpta Inc. announced its financial results for the fourth quarter and fiscal year ended December 28, 2024. For Q4 2024, revenues increased 8.9% to $193.9 million, driven by a 12.8% favorable volume/mix. Adjusted EBITDA from continuing operations rose 20% to $26.1 million.
For the full fiscal year 2024, cash provided by operating activities from continuing operations significantly increased to $52.3 million, compared to $3.6 million in fiscal 2023. The company also achieved its targeted net leverage ratio of 3.0x by year-end 2024, demonstrating progress in strengthening its balance sheet.
SunOpta introduced its outlook for fiscal 2025, projecting revenue between $775 million and $805 million, representing 7% to 11% growth, and adjusted EBITDA between $97 million and $103 million, an increase of 9% to 16%. Management also identified prior period errors related to underpayment of duties on certain fruit snack products imported from Canada, which increased net losses for Q4 2023 by $1.8 million and for fiscal year 2023 by $3.8 million, and reduced Adjusted EBITDA for those periods by $0.6 million and $2.6 million, respectively.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.