Brief: Lassonde Industries Reports Q3 Earnings Per Share C$2.21

Lassonde Industries

08/11/2019 17:35

Nov 8 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * ANNOUNCES ITS Q3 2019 RESULTS
    * Q3 EARNINGS PER SHARE C$2.21
    * Q3 SALES ROSE 1 PERCENT TO C$422.9 MILLION
    * LASSONDE INDUSTRIES - COMPANY EXPECTS THAT, FOR 2019, IT
WILL BE
ABLE TO ACHIEVE A CONSOLIDATED ANNUAL SALES GROWTH RATE SLIGHTLY
ABOVE THAT OF 2018
    * "COMPANY REMAINS CAUTIOUS IN A U.S. COMPETITIVE
ENVIRONMENT THAT
HAS BECOME PARTICULARLY CHALLENGING"
    * LASSONDE INDUSTRIES - CO BELIEVES THAT INVESTMENT-RELATED
WORK
COULD STILL ADVERSELY AFFECT RATE OF PRODUCTION AT ONE OF ITS
PLANTS IN LAST QUARTER OF 2019.
    * 2019 THIRD-QUARTER OPERATING PROFIT WAS AFFECTED BY HIGHER
MANUFACTURING OVERHEAD COSTS IN UNITED STATES
    * LASSONDE INDUSTRIES - 2019 Q3 OPERATING PROFIT WAS
AFFECTED BY A
SLOWER RATE OF PRODUCTION ARISING FROM NEW EQUIPMENT BEING
INSTALLED AT ONE OF OUR CANADIAN PLANTS

Source text for Eikon:  ID:nCNWTBLcva 
Further company coverage:  LASa.TO 

 ((Reuters.Briefs@thomsonreuters.com;))