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Saputo Inc.

SAP.TO

Latest Trade

40.17CAD

Change

0.08(+0.20%)

Volume

283,324

Today's Range

39.92

 - 

40.21

52 Week Range

37.38

 - 

46.41

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Saputo Q2 Adjusted Earnings Per Share C$0.47

Nov 7 (Reuters) - Saputo Inc <SAP.TO>::FINANCIAL RESULTS FOR FISCAL 2020 SECOND QUARTER ENDED SEPTEMBER 30, 2019.Q2 ADJUSTED EARNINGS PER SHARE C$0.47.Q2 EARNINGS PER SHARE C$0.44.Q2 REVENUE C$3.666 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.82 BILLION.Q2 EARNINGS PER SHARE ESTIMATE C$0.43 -- REFINITIV IBES DATA.IN FISCAL 2020, CONTINUES TO EXPECT ITS BUSINESS OPERATIONS TO DELIVER SLIGHTLY HIGHER ADJUSTED EBITDA WHEN COMPARED TO FISCAL 2019.SAPUTO - EXPECTS TO CONTINUE FACING HEADWINDS RELATING TO COMPETITIVE MARKET CONDITIONS IN USA, VOLATILE ECONOMIC CONDITIONS IN ARGENTINA IN FY2020.SAPUTO - IN AUSTRALIA, THE COMPANY IS IMPLEMENTING ALTERNATE MEASURES TO COMPENSATE FOR INCREASED COMPETITION AND LOWER RAW MILK PRODUCTION.IN FISCAL 2020, CO IS CAUTIOUSLY OPTIMISTIC ABOUT IMPROVED CHEESE MARKET CONDITIONS IN USA.EXPECTS TO CONTINUE FACING HEADWINDS RELATING TO VOLATILITY IN INTERNATIONAL SELLING PRICES OF CHEESE & DAIRY INGREDIENTS IN FY2020.USA DAIRY INGREDIENTS MARKET IS EXPECTED TO REMAIN VOLATILE UNTIL FIRST HALF OF CALENDAR 2020.SAPUTO - EXPECTS PRICES TO REMAIN RELATIVELY STABLE IN INTERNATIONAL CHEESE & DAIRY INGREDIENTS MARKETS UNTIL END OF FIRST HALF OF CALENDAR 2020.

ACCC Says It Will Not Oppose Acquisition Of Lion Dairy & Drinks’ Cheese Business By Saputo Dairy Australia

Sept 26 (Reuters) - Saputo Inc <SAP.TO>::AUSTRALIAN COMPETITION AND CONSUMER COMMISSION SAYS IT WILL NOT OPPOSE ACQUISITION OF LION DAIRY & DRINKS’ CHEESE BUSINESS BY SAPUTO DAIRY AUSTRALIA."WE DO NOT THINK THIS ACQUISITION IS LIKELY TO HAVE THE EFFECT OF SUBSTANTIALLY LESSENING COMPETITION".ACKNOWLEDGES SIGNIFICANT CONCENTRATION IN TASMANIAN DAIRY SECTOR & ANY FURTHER CONSOLIDATION OF DAIRY PROCESSORS WILL CAUSE SIGNIFICANT CONCERN.ALSO EXAMINED THE IMPACT OF THE PROPOSED ACQUISITION ON THE SUPPLY OF CHEESE IN AUSTRALIA.

Saputo Announces $599 Million Offering Of Common Shares

Aug 21 (Reuters) - Saputo Inc <SAP.TO>::SAPUTO ANNOUNCES $599 MILLION OFFERING OF COMMON SHARES.SAPUTO INC - OFFERING OF 10 MILLION COMMON SHARES OF COMPANY FROM TREASURY AT A PRICE OF $39.60 PER OFFERED SHARE.

Saputo Reports Q1 Adjusted Earnings Per Share C$0.42

Aug 8 (Reuters) - Saputo Inc <SAP.TO>::FINANCIAL RESULTS FOR FISCAL 2020 FIRST QUARTER ENDED JUNE 30, 2019.Q1 ADJUSTED EARNINGS PER SHARE C$0.42.Q1 EARNINGS PER SHARE C$0.31.Q1 REVENUE ROSE 12.3 PERCENT TO C$3.668 BILLION.Q1 EARNINGS PER SHARE ESTIMATE C$0.42 -- REFINITIV IBES DATA.

ACCC Raises Competition Concerns About Saputo’S Proposed Buyout Of Cheese Business Of Lion Dairy & Drinks

Aug 8 (Reuters) - Saputo Inc <SAP.TO>::REGULATOR HAS PRELIMINARY COMPETITION CONCERNS ABOUT SAPUTO’S PROPOSED ACQUISITION OF CHEESE BUSINESS OF LION DAIRY & DRINKS.

Saputo Reports Qtrly Adjusted Earnings Per Share C$0.32

June 6 (Reuters) - Saputo Inc <SAP.TO>::SAPUTO REPORTS FOURTH QUARTER AND FISCAL 2019 RESULTS.SAPUTO - QTRLY ADJUSTED EARNINGS PER SHARE C$0.32 .Q4 REVENUE C$3.237 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.33 BILLION.QTRLY DILUTED NET EARNINGS PER SHARE C$0.32.

Saputo Says Mark Allen To Step Down As Chief Executive Of Dairy Crest

May 8 (Reuters) - Saputo Inc <SAP.TO>::SAPUTO ANNOUNCES APPOINTMENT IN SENIOR MANAGEMENT.SAPUTO - FOLLOWING SUCCESSFUL COMPLETION OF DAIRY CREST TRANSACTION, MARK ALLEN IS STEPPING DOWN AS CHIEF EXECUTIVE OF DAIRY CREST.SAPUTO INC - TOM ATHERTON, DAIRY CREST DEPUTY CHIEF EXECUTIVE AND GROUP FINANCE DIRECTOR, APPOINTED PRESIDENT AND COO OF SAPUTO'S DAIRY DIVISION.

Saputo To Acquire Specialty Cheese Business Of Lion-Dairy & Drinks Pty Ltd In Australia

April 26 (Reuters) - Saputo Inc <SAP.TO>::SAPUTO TO ACQUIRE THE SPECIALTY CHEESE BUSINESS OF LION-DAIRY & DRINKS PTY LTD IN AUSTRALIA.ENTERED INTO AN AGREEMENT TO ACQUIRE SPECIALTY CHEESE BUSINESS OF LION-DAIRY & DRINKS PTY LTD.PURCHASE PRICE OF A$280.0 MILLION (APPROXIMATELY CDN$265.0 MILLION), ON A CASH-FREE AND DEBT-FREE BASIS.PURCHASE PRICE WILL BE PAID IN CASH AT CLOSING FROM CASH ON HAND AND AVAILABLE CREDIT FACILITIES.TRANSACTION IS SUBJECT TO FOREIGN INVESTMENT APPROVAL AND CLEARANCE BY AUSTRALIAN COMPETITION AND CONSUMER COMMISSION.

UK's Unite Seeking Meeting With Saputo For Job Assurances After Dairy Crest Bid

Feb 22 (Reuters) - UK'S UNITE::UK'S UNITE- SEEKING URGENT MEETING WITH SAPUTO TO SEEK JOB ASSURANCES FOLLOWING ANNOUNCEMENT THAT IT HAS TABLED A TAKEOVER BID FOR DAIRY CREST.

Saputo To Acquire Dairy Crest Group For About $1.27 Bln

Feb 22 (Reuters) - Saputo Inc :SAPUTO INC. DAIRY CREST GROUP - RECOMMENDED CASH ACQUISITION OF DAIRY CREST PLC.SAPUTO INC - UNDER TERMS OF ACQUISITION, EACH SCHEME SHAREHOLDER WILL RECEIVE 620 PENCE IN CASH FOR EACH DAIRY CREST SHARE.SAPUTO INC - VALUING DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - DEAL VALUES DAIRY CREST'S EXISTING ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL AT APPROXIMATELY £975 MILLION.SAPUTO INC - SAPUTO HAS RECEIVED IRREVOCABLE UNDERTAKINGS TO VOTE, OR PROCURE VOTE, IN FAVOUR OF SCHEME AT COURT MEETING.SAPUTO - DAIRY CREST DIRECTORS INTEND UNANIMOUSLY TO RECOMMEND SHAREHOLDERS TO VOTE OR PROCURE VOTE IN FAVOUR OF SCHEME AT COURT MEETING, RESOLUTION.SAPUTO INC - DAIRY CREST'S BOARD IS UNANIMOUSLY RECOMMENDING ALL-CASH OFFER BY SAPUTO.SAPUTO INC - COMBINED GROUP'S HEADQUARTERS WILL BE LOCATED AT SAPUTO INC.'S HEAD OFFICE IN MONTRÉAL.SAPUTO INC - SAPUTO INTENDS THAT MANAGEMENT OF UK OPERATIONS WILL CONTINUE TO BE BASED IN SURREY, ENGLAND.SAPUTO INC - SAPUTO EXPECTS EXISTING NON-EXECUTIVE DAIRY CREST DIRECTORS WILL RESIGN FROM OFFICE AS DIRECTORS OF DAIRY CREST WITH EFFECT FROM DATE.SAPUTO INC - GIVEN THAT SAPUTO DOES NOT HAVE A PRESENCE IN UK, SAPUTO FORESEES ONLY LIMITED "RATIONALISATION" OF EMPLOYEE ROLES FOLLOWING ACQUISITION.SAPUTO INC - DOES NOT INTEND TO MAKE ANY MATERIAL CHANGE IN CONDITIONS OF EMPLOYMENT OF EMPLOYEES AND MANAGEMENT OF DAIRY CREST GROUP.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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