Brief: Sunopta Announces Sale Of Frozen Fruit Assets For $141 Million,Preliminary Results For Q3, CFO Transition

SunOpta

13/10/2023 12:15

Oct 13 (Reuters) - Sunopta Inc  SOY.TO :
    * SUNOPTA ANNOUNCES SALE OF FROZEN FRUIT ASSETS FOR AN
AGGREGATE
PURCHASE PRICE OF $141 MILLION ALONG WITH PRELIMINARY RESULTS
FOR THIRD QUARTER FISCAL 2023 AND CFO TRANSITION
    * SUNOPTA INC - NET PROCEEDS WILL BE USED TO REDUCE DEBT
    * SUNOPTA INC - REVENUE FROM CONTINUING OPERATIONS EXPECTED
TO
INCREASE ABOUT 6% YEAR OVER YEAR TO $152 MILLION IN Q3, DRIVEN
BY VOLUME GROWTH
    * SUNOPTA INC: APPOINTMENT OF GREG GABA AS CHIEF FINANCIAL
OFFICER
    * SUNOPTA INC: ACCEPTED RESIGNATION OF SCOTT HUCKINS AS CFO
AND
GENERAL MANAGER OF FRUIT-BASED FOODS AND BEVERAGES
    * SUNOPTA INC - ADJUSTED EBITDA FROM CONTINUING OPERATIONS
FOR Q3
OF 2023 IS EXPECTED TO BE ABOUT $18.5 - $19 MILLION
    * SUNOPTA INC - FOR FISCAL 2023 COMPANY IS MAINTAINING ITS
OUTLOOK
AS COMMUNICATED ON Q2 EARNINGS CALL, ADJUSTING FOR SALE OF
FROZEN ASSETS

Source text for Eikon:  ID:nBw5WTys8a 
Further company coverage:  SOY.TO 

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