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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saputo announces becoming entitled to acquire all remaining shares of Warrnambool
Wednesday, 22 Feb 2017 06:29pm EST 

Saputo Inc : Announces becoming entitled to acquire all remaining shares of Warrnambool . As at date of this announcement, Saputo holds a relevant interest in 98.41% Warrnambool shares. .Received acceptances in respect of 8 mln shares in Warrnambool Cheese And Butter Factory Company Holdings.  Full Article

Saputo announces amendment of its normal course issuer bid
Tuesday, 21 Feb 2017 08:48am EST 

Saputo Inc : Saputo announces the amendment of its normal course issuer bid . Saputo Inc - amended bid will be effective february 23, 2017 and will end no later than november 16, 2017 .Saputo - approval to amend its normal course issuer bid in order to increase maximum number of common shares that may be repurchased to 12 million shares.  Full Article

SAPUTO RECALLS CERTAIN GOUDA CHEESE PRODUCTS IN UNITED STATES
Thursday, 16 Feb 2017 01:32pm EST 

Saputo Inc : SAPUTO INC IS VOLUNTARILY RECALLING CERTAIN GOUDA CHEESE PRODUCTS IN UNITED STATES .NO ILLNESSES DUE TO CONSUMPTION OF THESE PRODUCTS HAVE BEEN REPORTED.  Full Article

Saputo posts Q3 earnings per share of C$0.49
Thursday, 2 Feb 2017 12:34pm EST 

Saputo Inc : Saputo Inc.: Financial results for fiscal 2017 third quarter ended December 31, 2016 . Q3 revenue C$2.966 billion versus I/B/E/S view C$2.98 billion . Qtrly earnings per share C$0.49 . Emanuele Saputo, company's Founding Chairman, has advised company that he will retire effective August 1, 2017 . Effective August 1, 2017, Lino A. Saputo, co's CEO and vice chairman of board, will be appointed to position of chairman of board . Lino A. Saputo, Jr will also retain his responsibilities as company's chief executive officer . In quarter fluctuation of canadian dollar versus foreign currencies during quarter had negative impact on revenues of about $44 million . Emanuele Saputo will not be renewing his mandate as director at company's next shareholders' meeting .Board of Directors approved a dividend of $0.15 per share.  Full Article

Saputo announces closing of secondary offering of its common shares
Tuesday, 29 Nov 2016 09:22am EST 

Saputo Inc - :Saputo announces closing of secondary offering of its common shares.  Full Article

Saputo CEO says company looking for acquisitions
Tuesday, 2 Aug 2016 01:37pm EDT 

Saputo Inc : Saputo Inc CEO, speaking to analysts, said the company remains interested in acquisitions in Latin America, the United States, Oceania and Europe Further company coverage: [SAP.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Saputo Q1 earnings per share $0.44
Tuesday, 2 Aug 2016 09:46am EDT 

Saputo Inc: Revenues for quarter amounted to $2.631 billion, an increase of $67.0 million or 2.6% . Qtrly earnings per share $0.44 .Q1 earnings per share view c$0.40, revenue view c$2.65 billion -- Thomson Reuters I/B/E/S.  Full Article

Saputo could consolidate dairy assets in Brazil - CEO
Thursday, 2 Jun 2016 03:30pm EDT 

Saputo Inc CEO Lino Saputo Jr, speaking on a conference call with analysts on Thursday: Said could make acquisitions worth as much as C$3.5 billion . Said company could be a consolidator in Brazil Further company coverage: [SAP.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Saputo Inc Q4 earnings per share $0.36
Thursday, 2 Jun 2016 12:17pm EDT 

Saputo Inc : Saputo Inc: financial results for the fiscal year ended March 31, 2016 . Qtrly earnings per share $0.36 . Says board of directors approved a dividend of $0.135 per share . Qtrly adjusted earnings per share $0.41 . For Canada sector, dairy ingredient markets declined since last half of fiscal 2015, expected to remain low through first 9 months of FY 2017 . Q4 earnings per share view C$0.40 -- Thomson Reuters I/B/E/S .Q4 revenue C$2.734 billion versus I/B/E/S view C$2.73 billion.  Full Article

Saputo Inc to close three facilities in Canada - Canada Stockwatch
Tuesday, 22 Mar 2016 02:25pm EDT 

Saputo Inc:Saputo Inc. will take measures aimed at improving its operational efficiency.Saputo will close three of its facilities in Canada, in Sydney (Nova Scotia), Princeville (Quebec) and Ottawa (Ontario).The closures are scheduled in June, 2016, August, 2016, and December, 2017, respectively.The current production will be integrated into other Saputo facilities.In all, approximately 230 employees will be impacted.These employees will be provided with severance and outplacement support; and some will be offered the possibility of transferring to other Saputo locations.  Full Article

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