CA - Maple Leaf Foods Non-GAAP EPS of $0.04 revenue of $1.15B

2024-05-02 07:43:23 ET

• Maple Leaf Foods press release ( OTCPK:MLFNF ): Q1 Non-GAAP EPS of $0.04.
• Revenue of $1.15B (-1.7% Y/Y).
• 2024 Outlook: Low-to-mid single-digit revenue growth
• Adjusted EBITDA margin expansion over 2023
• To generate strong free cash flow and delever the balance sheet
• To reflect the refreshed Blueprint and realignment of its organizational structure, as of the first quarter of 2024, the Company is reporting its business and operational results as a consolidated protein company, to align with how management monitors and measures business performance. With these changes, the Company believes it is positioned to achieve a consolidated Adjusted EBITDA margin target of 14-16%, in normal market conditions.
• Shares +0.46% PM.

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