EarningsQ1 2027 Earnings Report
MX:SAP2N Q1 2027 EPS Results
Actual EPS$6.24
Consensus EPS$5.71
Beat/MissBeat by +$0.53
One Year Ago EPS$5.60
MX:SAP2N Q1 2027 Revenue Results
Actual Revenue$56.31B
Expected Revenue$55.28B
Beat/MissBeat by +$1.03B
YoY Revenue Growth-4.53%
Earnings Announcement Details
QuarterQ1 2027
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:SAP2N Upcoming Earnings
Saputo Inc.'s next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture: adjusted EBITDA and adjusted EPS grew meaningfully, ingredients and Australian operations delivered strong outperformance, and management demonstrated disciplined capital allocation (deleveraging, dividend increase and buybacks). Challenges remain—most notably inflationary cost pressures, working capital absorption, regional revenue softness (U.S. cheese/butter prices and Europe bulk volumes) and market supply volatility—but management has multiple mitigating levers (pricing, portfolio focus, operational efficiencies and targeted capex). Overall, the strengths and execution progress materially outweigh the near-term headwinds.Company Guidance
Consolidated Earnings Growth and Margin Expansion
Adjusted EBITDA increased close to 8% (~$30M) to $427M; consolidated margin expanded to 9.7% from 9.1%; revenue of $4.4B, up 1.5% year-over-year; net earnings from continuing operations $183M; adjusted net earnings $199M, up 13%; adjusted EPS $0.49, up 17%.
Strong U.S. Ingredients and Volume Performance
U.S. adjusted EBITDA rose 6% to $181M and margin expanded to 8.6% despite a 1% revenue decline to $2.1B; commercial wins, higher whey/ingredient prices and ramp-up of Waupun (WPC80) drove volume and margin gains.
Australia (International) Outperformance
International (Australia) revenues up 8% to $635M; adjusted EBITDA up 46% to $38M with margin at 6%, driven by better milk availability, favorable product mix and constructive ingredient pricing.
Europe Margin Recovery via Branded Mix
Europe revenues $283M (down 11%), but adjusted EBITDA rose 10% to $33M and margin expanded to 11.7% from 9.5%, reflecting stronger branded performance (Cathedral City) and operational efficiencies.
Canada Revenue and Brand Momentum
Canada revenues $1.4B, up 6% driven by higher volumes, favorable mix and price actions; adjusted EBITDA $175M, up 3%, supported by value-added beverages, cultured products and brand investments.
Disciplined Capital Allocation and Strong Balance Sheet
Closed sale of 80% of Argentina Dairy Division for $710M (≈$612M after tax); used proceeds to repay $350M notes; returned ≈$380M to shareholders (≈$300M buybacks, $80M dividends); announced 5% dividend increase; net debt / adjusted EBITDA 1.47x (well below 2.25x target).
Focused Investment in High-Return Capacity and Innovation
Capex $57M in Q1; fiscal '27 capex guidance ≈$515M weighted to high-return projects (capacity optimization, fastest-growing dairy segments); announced 30–40% cottage cheese capacity expansion at Friendship; continued investment in WPC80 and other ingredient capabilities.
Operational Efficiencies Realizing Benefits
Earnings benefited from automation, consolidated warehousing, elimination of duplicate costs, and stronger utilization across recent capital projects, contributing to margin expansion and higher-quality earnings.
MX:SAP2N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed