Welcome to our dedicated page for Sunopta news (Ticker: STKL), a resource for investors and traders seeking the latest updates and insights on Sunopta stock.
SunOpta Inc. is a former listed North American supply chain solutions provider whose recent news centers on its completed acquisition by an affiliate of Refresco. Company updates include the court-approved plan of arrangement under the Canada Business Corporations Act, shareholder approvals, cash consideration for common shares, and the delisting of the company’s shares from Nasdaq and the Toronto Stock Exchange.
SunOpta news also covers operating and financial results, outlook disclosures, capital-structure matters, governance actions, and risk-factor disclosures. The record now serves as historical public-company reference for SunOpta’s transition from a listed issuer to a company with deregistration and cease-reporting actions following the completed arrangement.
SunOpta Inc. (STKL) announced it will release its financial results for Q2 2022 on August 10, 2022, after the market closes. A conference call will follow at 5:00 PM Eastern Time to discuss the results and recent corporate developments. Interested investors can access the live webcast via SunOpta’s website. Established nearly 50 years ago, SunOpta is a leader in sustainable, plant-based and fruit-based food and beverages, producing natural and organic products for both retail and foodservice sectors.
SunOpta Inc. (Nasdaq:STKL) hosted its 2022 Investor Day, revealing a strong financial outlook. Projected revenue is expected to rise to $1.3 billion by 2025, with Adjusted EBITDA estimated at $150 million. The company reaffirmed its guidance for 2022 with revenues of $890 million to $930 million and adjusted EBITDA of $67 million to $75 million. For 2023, revenue is anticipated to reach $1.1 billion and adjusted EBITDA of $100 million.
SunOpta Inc. (Nasdaq: STKL) announced the election of directors during its annual meeting on May 26, 2022. Key results include Dr. Albert Bolles receiving 69.58% approval, while Joseph Ennen had 97.33%. Other elected directors include Rebecca Fisher, R. Dean Hollis, Katrina Houde, Leslie Starr Keating, Kenneth Kempf, and Mahes Wickramasinghe, all achieving over 95% approval. SunOpta is focused on sustainable, plant-based, and fruit-based food products and operates various brands in retail and foodservice channels.
SunOpta Inc. (NASDAQ: STKL) announced participation in two investor conferences: the BMO Global Farm to Market Conference on May 18-19, 2022, and the Cowen 6th Annual Future of the Consumer Conference on May 24-25, 2022, both in New York, NY. CEO Joseph Ennen and CFO Scott Huckins will participate in fireside chats on May 19 at 12:30 PM and May 25 at 2:05 PM, respectively. Live webcasts will be available on the company's website, with replays accessible for 30 days post-event.
SunOpta reported first-quarter 2022 revenue of $240.2 million, a 15.7% increase from the previous year, driven by 13.4% growth in plant-based foods and 18.7% in fruit-based foods. Gross profit reached $28.0 million, but gross margin decreased to 11.7% due to inflationary pressures. Adjusted EBITDA was $15.6 million, down 14.7% year-over-year. Despite challenges, the company is on track with major capacity expansion projects and reaffirms its 2022 revenue outlook of $890 million to $930 million. Net earnings were $0.7 million, down from $1.7 million in the prior year.
SunOpta (NASDAQ: STKL) announced it will release its financial results for Q1 2022 on May 11, 2022, after market close. A conference call will follow at 5:00 PM ET to discuss the results and corporate developments. Investors can access the live webcast via the company’s website or by phone using Conference ID: 8338433. With nearly 50 years in the market, SunOpta focuses on sustainable plant-based and fruit-based food and beverages, producing organic products under its own brands and for retail and foodservice channels.
SunOpta (NASDAQ: STKL) reported significant strides in sustainability, aiming to double its plant-based business by 2025. Key achievements include zero waste to landfill at three facilities and a commitment to reduce electricity by 40%, natural gas by 30%, and water use by 25% over eight years. The 2021 Environmental, Social and Governance (ESG) Report highlights progress in product diversity, including 300 organic products, and a focus on environmental stewardship with 97.7% recyclable packaging. The company aims for a 45% representation of female leaders by 2025, emphasizing diversity and accountability in governance.
SunOpta has unveiled a new 65,000-square-foot headquarters in Eden Prairie, Minn., aimed at fostering innovation and sustainability. This facility is designed to double the company’s plant-based business by 2025, having already added over $100 million in the last two years. The eco-friendly center includes a pilot plant, R&D space, and significant green features like solar panels and renewable materials. CEO Joe Ennen emphasizes that this move supports continued growth by enhancing collaboration and attracting top talent.
SunOpta (NASDAQ:STKL) will host its Investor Day on June 2, 2022, from 9:00 AM to 12:00 PM CT in Eden Prairie, Minnesota. The management team will discuss the company's strategy to enhance growth and profitability in the sustainable, plant-based food sector. Key presenters include CEO Joe Ennen and CFO Scott Huckins. The event will take place at the new innovation center located at 7078 Shady Oak Road. Interested investors can access a live webcast via SunOpta's website, with an archived replay available for 90 days.
SunOpta (NASDAQ: STKL) has launched OatGold™, a nutrient-rich oat protein powder, now Upcycled Certified™, which is designed for baked goods and snacks. This product, made from byproducts of oatmilk production, boasts three times the protein of oat flour and is rich in fiber. OatGold is vegan, Non-GMO, gluten-free, and allergen-friendly. SunOpta aims to double its plant-based business and has experienced 100% growth in oat production over the last year. The company will showcase OatGold at the Natural Products Expo West from March 10-12.