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Saputo Inc T.SAP

Alternate Symbol(s):  SAPIF

Saputo Inc. produces, markets and distributes an array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. It has four geographic sectors, including Canada, the United States of America (USA), the International and Europe. The Canada Sector consists of the Dairy Division (Canada), which produces, markets and distributes in Canada a variety of cheeses, including mozzarella and cheddar, specialty cheeses, fine cheeses and other cheeses. The USA Sector consists of the Dairy Division (USA), which produces, markets and distributes an assortment of cheeses, including mozzarella, American-style and specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese and romano. The International Sector comprises the Dairy Division (Australia) and the Dairy Division (Argentina). The Europe Sector consists of the Dairy Division (UK), which produces, markets and distributes cheeses, butter, spreads and oils.


TSX:SAP - Post by User

Bullboard Posts
Post by scissors14on Jun 07, 2006 12:08am
207 Views
Post# 10955397

Stock of the week: Saputo Inc.

Stock of the week: Saputo Inc.Stock of the week: Saputo Inc. -------------------------------------- Saputo Inc. (TSX-SAP, $33.51) recently acquired German cheese maker Spezialitaten-Kaserei De Lucia (SKL), which makes about $28.6 million worth of Italian cheese (mozzarella, ricotta and mascarpone) each year. For the nine months ended Dec. 31, 2005, revenue at the "Canada and other dairy products" unit rose 8.7 per cent versus a year earlier, to $2.0 billion, lifting the unit's operating income 11.7 per cent, to $173.7 million. Results reflected higher selling prices and volumes and the acquisition of Fromage Cote in April 2005. At U.S. dairy products, a 7.5 per cent dip in revenue, to $929.7 million, pulled operating income down 48.2 per cent, to $42.9 million, due to lower market prices for cheese, a strong loonie, higher energy costs and costs related to closing a Pennsylvania factory. At grocery products, sales rose 0.7 per cent, to $123.1 million; operating income, however, fell 10.3 per cent to $14.7 million For the nine months ended Dec. 31, 2005, total revenue rose 2.9 per cent compared to a year earlier, to $3.1 billion. Cost of sales and selling and administrative expenses grew faster, rising 4.0 per cent to $2.8 billion. As a result, operating income fell 9.2 per cent, to $231.2 million. While lower income taxes (down 2.5 per cent) and interest on debt (down 18.9 per cent) cushioned the drop in profit, net income fell 10.5 per cent, to $154.4 million or $1.46 a diluted share. Still, cash flow from operations - down 3.4 per cent to $214.6 million - easily covered capital expenditures, share buybacks and dividends, and most of the amount used for acquisitions. Compared to March 31, 2005, net debt (total debt less cash on hand) fell 14.3 per cent, to $236.6 million. Saputo will save money by closing three plants (Pennsylvania, Indiana, Ontario) and is launching new products on both sides of the border. With a strong balance sheet, it continues to target acquisitions and buy back shares. Buy. (Click below for a profile of this week's stock.) https://www.adviceforinvestors.com/query_results.phtml?search_type=by_symbol&search_input=sap
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