Canada's Rogers Sugar Q1 revenue declines

Rogers Sugar

05/02/2026 12:09

Overview

Canada sugar producer's Q1 revenue declined yr/yr

Adjusted EBITDA for Q1 rose 18% yr/yr, driven by Sugar segment

Company advancing LEAP Project to expand sugar refining capacity

Outlook

Rogers Sugar anticipates spending C$116 mln on LEAP Project in fiscal 2026

Company expects Sugar segment volume at 750,000 metric tonnes for 2026

Maple segment sales volume expected to grow 5% in 2026

Result Drivers

SUGAR SEGMENT - Adjusted EBITDA rose due to higher adjusted gross margin per metric tonne, despite lower sales volumes

LEAP PROJECT - Progressing as planned, expected to enhance future capacity

MAPLE SEGMENT - Slight increase in adjusted EBITDA due to higher sales volumes, offset by higher costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$298.19 mln
C$314.55 mln (2 Analysts)
Q1 Adjusted Net Income
C$24.85 mln
Q1 Net Income
C$28.55 mln
Q1 Adjusted EBITDA
C$46.90 mln
Q1 EBITDA
C$52.02 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Rogers Sugar Inc is C$7.00, about 9.9% above its February 4 closing price of C$6.37

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX1nG0lx

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)