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. (Nasdaq: STKL) is a pioneering global supplier of organic ingredients, innovative product developer for brand owners, and a trusted packager of healthy and organic food. Headquartered in the U.S., SunOpta seamlessly integrates its operations from seed to packaged product, ensuring the highest quality and sustainability standards. With a workforce of approximately 1,800 employees worldwide, SunOpta offers three core consumer packaged goods platforms: Healthy Fruit, Healthy Beverages, and Healthy Snacks, all supported by an extensive global sourcing and supply infrastructure.
SunOpta specializes in the sourcing, processing, and manufacturing of organic and non-GMO food products. Their product portfolio encompasses plant-based beverages such as oat, almond, soy, coconut, and rice milks, and creamers. These beverages are known for their lower carbon emissions and water usage compared to traditional dairy options. Besides beverages, the company offers protein shakes, teas, broths, and fruit snacks under both private labels and their proprietary brands, including SOWN®, Dream®, and West Life™.
SunOpta has recently made significant strides in the industry. On October 13, 2023, the company announced the sale of certain assets of its frozen fruit operations, Sunrise Growers, to Nature's Touch. This strategic move allows SunOpta to focus more on its core competencies in the organic and non-GMO food sectors while aiding Nature's Touch in expanding its frozen food offerings across North America. This acquisition is aligned with SunOpta's commitment to sustainability and innovation, enhancing its ability to deliver high-quality, affordable food products globally.
Throughout its history, SunOpta has consistently evolved, maintaining a robust commitment to environmental responsibility and healthy food production. The company continues to focus on building a profitable and sustainable business model, aiming to lead the market in organic and non-GMO specialties. For more information, visit their website or follow them on LinkedIn and Twitter.
SunOpta Inc. (STKL) will release its third quarter 2021 financial results on November 10, 2021, before market open. Following this, the company will host a conference call at 9:00 AM Eastern Time to discuss the results and recent corporate developments, with a question-and-answer session. Investors can access the live webcast on SunOpta’s website under the “Investor Relations” section. SunOpta specializes in organic, natural, and non-GMO food and beverage products.
SunOpta Inc. (Nasdaq:STKL) has announced the establishment of a new plant-based beverage facility in Midlothian, Texas, expanding its production capacity. The facility will cover 285,000 square feet, with potential expansion to 400,000 square feet. Expected to become operational in late 2022, it will create approximately 185 manufacturing jobs. The city has approved $7.5 million in incentives, including grants and tax abatements. This facility aims to support SunOpta's sustainability goals by significantly reducing transportation emissions, targeting a reduction of 15 million freight miles annually.
SunOpta (STKL) reported financial results for Q2 2021, achieving revenues of $202.3 million, a 9.7% increase year-over-year, mainly driven by a 21.4% growth in plant-based products. Gross margin rose to 13.0% from 12.6% in the prior year. The company reduced its loss from continuing operations to $0.9 million from $5.1 million in Q2 2020. Adjusted EBITDA increased 60.8% to $16.1 million, representing 8.0% of revenues. SunOpta is also negotiating a lease for a new 275,000 square foot facility in Dallas-Fort Worth, expected to support future growth.
SunOpta Inc. (Nasdaq:STKL) has announced that it will release its financial results for the second quarter of 2021 on August 11, 2021, before the market opens. A conference call will follow at 9:00 AM Eastern Time, where management will discuss the financial results and recent corporate developments, including a question and answer session. Investors can access the live webcast on SunOpta's website or via telephone. The company specializes in organic, natural, and non-GMO food and beverage products.
SunOpta Inc. (Nasdaq:STKL) has appointed Mahes S. Wickramasinghe to its Board of Directors. Wickramasinghe brings extensive international experience in finance, banking, operations, and risk management. He is expected to join the Audit Committee. Dean Hollis, Chairman of the Board, emphasized that Wickramasinghe's expertise in corporate strategy, mergers, and acquisitions will be vital as SunOpta aims to meet its strategic goals. Wickramasinghe has previously held senior positions at Canadian Tire Corporation and CIBC, and is a Certified Public Accountant.
On May 27, 2021, SunOpta Inc. (Nasdaq:STKL) held its annual meeting of shareholders, electing several directors to serve until the next meeting. Notable results include Dr. Albert Bolles receiving 92.15% support, Derek Briffett with 98.47%, and Joseph Ennen at 98.56%. Other directors elected include Rebecca Fisher, R. Dean Hollis, Katrina Houde, Leslie Starr Keating, and Ken Kempf, all securing over 96% of votes in favor.
SunOpta specializes in organic, natural, and non-GMO plant-based and fruit-based food and beverage products.
SunOpta (STKL) reported Q1 2021 revenues of $207.6 million, flat compared to last year, with a 12.4% increase in plant-based foods offset by declines in fruit-based revenues. Plant-based revenues reached $119.5 million, growing 47.0% since 2019. Gross margin improved to 14.4%, while adjusted EBITDA rose 34% to $18.3 million. The company also completed the acquisition of Dream and WestSoy brands for $33 million, expected to add $6-$8 million in adjusted EBITDA in 2022.
SunOpta Inc. (Nasdaq:STKL) has announced it will release its financial results for the first quarter 2021 before market opening on May 12, 2021. Following the release, a conference call is scheduled for 9:00 AM Eastern Time to discuss the results and recent developments, which will include a Q&A session. Investors can access the live webcast and conference call through the company's website. SunOpta specializes in the sourcing and production of organic, natural, and non-GMO food products.
SunOpta Inc. (Nasdaq:STKL) has acquired the Dream® and WestSoy® plant-based beverage brands from The Hain Celestial Group for $33 million. This strategic purchase aims to boost SunOpta's Plant-Based Foods and Beverages segment, enhancing growth in this market. The Dream brand, a pioneer in shelf-stable plant-based milks, and WestSoy, renowned for its organic certification, complement SunOpta's existing production portfolio. The acquisition is financed through a new $20 million FILO term loan, reflecting SunOpta's commitment to organic and inorganic growth in plant-based offerings.
SunOpta reported Q4 2020 financial results with revenues of $205.6 million, up 10.4% from $186.1 million in Q4 2019. Gross margin improved to 15.5%, from 11.9% a year earlier. The company's earnings reached $70.2 million or $0.78 per share, a recovery from a loss of $7.6 million in Q4 2019. Adjusted EBITDA rose to $20.6 million, or 10.0% of revenues. However, a net loss from continuing operations amounted to $34.3 million. The balance sheet strengthened significantly, with total debt decreasing from $480 million to $69.7 million post the divestiture of Tradin Organic.
FAQ
What is the current stock price of SunOpta (STKL)?
What is the market cap of SunOpta (STKL)?
What does SunOpta, Inc. specialize in?
What are the core product platforms of SunOpta?
What are some of SunOpta’s proprietary brands?
How does SunOpta ensure sustainability?
How many employees does SunOpta have?
What recent strategic move did SunOpta make?
Why is SunOpta significant in the food industry?
Where is SunOpta headquartered?
What environmental benefits do SunOpta's plant-based beverages offer?
Where can I find more information about SunOpta?
