Brief: SunOpta posts Q4 adjusted loss per share $0.08

SunOpta

01/03/2017 12:30

March 1 (Reuters) - SunOpta Inc  SOY.TO  
    * SunOpta announces fourth quarter fiscal 2016 financial 
results 
    * Q4 adjusted loss per share $0.08 
    * Q4 loss per share $0.41 from continuing operations 
    * Q4 revenue $297.5 million versus i/b/e/s view $335 million 
    * Q4 earnings per share view $0.05 -- Thomson Reuters 
I/B/E/S 
    * SunOpta inc- "Q4 results were below our expectations" 
    * SunOpta inc says on February 6, 2017, company announced 
appointment of David Colo as president and chief executive 
officer 
    * SunOpta - "Q4 results were below our expectations," driven 
by exit of non-core business lines, impairment charges, sales 
softness in beverage and fruit 
    * SunOpta Inc - currently targeting implementation of $30 
million of productivity driven annualized EBITDA enhancements 
    * SunOpta Inc says during 2017, company anticipates 
incurring non-structural third-party consulting support, 
severance, and recruiting costs 
    * SunOpta - targeting implementation of $30 million of 
productivity driven annualized EBITDA enhancements to be 
implemented over coming 12 to 18 months 
    * Says "taking aggressive action to improve our operating 
performance and deliver improved results in 2017 and beyond" 
    * SunOpta Inc - currently targeting implementation of $20 
million of working capital efficiencies to be implemented over 
coming 12 to 18 months 
    * SunOpta Inc - targeting implementation of $20 million of 
working capital efficiencies to be implemented over coming 12 to 
18 months 
    * SunOpta -in near-term, sees benefits from value creation 
plan offset by structural investments in areas of quality, 
sales, marketing, operations, engineering resources 
 
Source text for Eikon:  ID:nBw1ZQyZ4a  
Further company coverage:  SOY.TO  
 
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