Lassonde Industries Inc. (T:LAS.A)
Business Focus: Fruit & Vegetable Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | 755 Principale St ROUGEMONT QC J0L 1M0 |
| Tel: | N/A |
| Website: | https://www.lassonde.com/en |
| IR: | See website |
| Key People | ||
| Pierre Paul Lassonde Chairman of the Board | Vince R. Timpano President, Chief Operating Officer | Nathalie Lassonde Chief Executive Officer, Vice Chair of the Board, Vice President - Organizational Efficiency |
| Eric Gemme Chief Financial Officer | Claire Bara President - A. Lassonde Inc | Amanda Burns President, Lassonde Pappas and Company, Inc. |
| Business Overview |
| Lassonde Industries Inc. is a Canada-based food and beverage company. The Company, through its subsidiaries, develops, manufactures, and markets a range of ready-to-drink juices and drinks, fruit-based snacks in the form of bars and bites as well as frozen juice concentrates in North America. The Company is a producer of fruit juices and drinks in Canada as well as a producer of store-brand shelf-stable fruit juices and drinks in the United States. It is also a producer of cranberry sauces and specialty food products, such as pasta sauces, soups as well as fondue broths and sauces. In addition, it produces apple cider and cider-based beverages and imports selected wines from several countries of origin for packaging and marketing purposes. It operates in two market segments, namely the retail segment and the food service segment. The Company operates approximately 16 plants located in Canada and the United States of America. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Lassonde Industries Inc revenues increased 8% to C$2.31B. Net income increased 62% to C$87.5M. Revenues reflect Canada segment increase of 11% to C$1.06B, United States segment increase of 5% to C$1.25B. Net income benefited from Developement, amnufacturing and marketing of ready to drink segment income increase of 67% to C$135.4M. Dividend per share decreased from C$2.28 to C$2.20. |
| Employees: | 2,700 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,176M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,315M as of Dec 31, 2023 |
| EBITDA (TTM): | $198.67M as of Dec 31, 2023 |
| Net annual income (TTM): | $87.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | $103.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $194.71M as of Dec 31, 2023 |
| Shares outstanding: | 6,821,620 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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