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Saputo Inc (SAP.TO)

SAP.TO on Toronto Stock Exchange

43.71CAD
17 Nov 2017
Change (% chg)

$0.17 (+0.39%)
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$43.54
Open
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$43.34
Volume
238,733
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485,420
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$48.98
52-wk Low
$39.74

Latest Key Developments (Source: Significant Developments)

Saputo ‍received approval of TSX to renew normal course issuer bid
Wednesday, 15 Nov 2017 08:30am EST 

Nov 15 (Reuters) - Saputo Inc : :Saputo announces the renewal of its normal course issuer bid.Saputo Inc - ‍received approval of TSX to renew normal course issuer bid in order to repurchase for cancellation up to 8 million common shares​.Saputo Inc - ‍bid will be conducted during period beginning on Nov. 17, 2017 and ending no later than Nov. 16, 2018​.  Full Article

Saputo Inc announces plant closure in the United States
Thursday, 9 Nov 2017 02:39pm EST 

Nov 9 (Reuters) - Saputo Inc ::Announces a plant closure in the United States.Will close its cheese manufacturing facility in Fond du Lac, Wisconsin and the closure is scheduled in May 2018​.In all manufacturing facility closure, about 126 employees will be impacted​.Costs connected with plant closure will be about C$22 million after taxes and will be recorded in Q3 2018​.  Full Article

Saputo expects NAFTA 'tweaks' to Canada dairy system
Thursday, 2 Nov 2017 03:16pm EDT 

Nov 2 (Reuters) - Saputo CEO Lino Saputo Jr., speaking on a conference call with analysts::Saputo CEO says Murray Goulburn assets are good and modern but not all running efficiently.Saputo CEO says Murray Goulburn can return to historic profit levels.CEO says expects 'tweaks' under NAFTA talks to Canada supply managed dairy system.  Full Article

SAPUTO INC REPORTS Q2 ‍SHR C$0.47​
Thursday, 2 Nov 2017 12:32pm EDT 

Nov 2 (Reuters) - Saputo Inc ::SAPUTO INC.: FINANCIAL RESULTS FOR FISCAL 2018 SECOND QUARTER ENDED SEPTEMBER 30, 2017.Q2 REVENUE C$2.884 BILLION VERSUS I/B/E/S VIEW C$2.89 BILLION.SAPUTO INC QTRLY ‍SHR C$0.47​.INTENDS TO RENEW ITS NORMAL COURSE ISSUER BID EXPIRING ON NOVEMBER 16, 2017​.  Full Article

Saputo Inc - ‍entered into an agreement to acquire Betin Inc, doing business as Montchevre​
Wednesday, 1 Nov 2017 08:38am EDT 

Nov 1 (Reuters) - Saputo Inc :Saputo Inc - ‍entered into an agreement to acquire Betin Inc, doing business as Montchevre​.  Full Article

Murray Goulburn selects Saputo Dairy Australia as prefered bidder for its businesses
Thursday, 26 Oct 2017 05:37pm EDT 

Oct 27 (Reuters) - MG Unit Trust :Announces MG sale to Saputo.Murray Goulburn Co-Operative entered into a binding agreement with Saputo Dairy Australia Pty Ltd.‍Sale to Saputo of all of MG's operating assets and operating liabilities for A$1,310 million.Transaction includes MG milk supply commitments for active MG suppliers totalling approximately $114 mln​.Estimated initial distribution of about $0.75 per share/ unit to be paid shortly after completion of deal.MG will step up FY18 FMP by $0.40 per KGMS to $5.60 per KGMS for milk supplied from 1 November 2017.Murray Goulburn will retain all of assets and liabilities associated with MG Unit Trust.Will also retain part of transaction proceeds.‍estimated net value per share/unit of $1.10 to $1.15 after working capital adjustment and other costs​.Transaction is currently expected to complete in first half of 2018​.‍Directors of MG unanimously recommend shareholders vote in favour of transaction.Transaction is subject to customary conditions including ACCC and FIRB approvals​.  Full Article

Saputo acquires the extended shelf-life dairy product activities of Southeast Milk in the US
Thursday, 31 Aug 2017 09:00am EDT 

Aug 31 (Reuters) - Saputo Inc :Saputo acquires the extended shelf-life dairy product activities of Southeast Milk Inc in the United States.  Full Article

Saputo says Qtrly diluted earnings per share C$0.51
Tuesday, 1 Aug 2017 10:21am EDT 

Aug 1 (Reuters) - Saputo Inc :Saputo Inc.: financial results for fiscal 2018 first quarter ended June 30, 2017.Q1 revenue c$2.892 billion versus i/b/e/s view c$2.87 billion.Q1 earnings per share c$0.52.Bboard reviewed dividend policy and increased quarterly dividend from $0.15 per share to $0.16 per share​.Qtrly diluted earnings per share c$0.51.  Full Article

Canadian dairy Saputo in talks for acquisitions
Thursday, 1 Jun 2017 03:54pm EDT 

June 1 (Reuters) - Saputo Inc CEO Lino Saputo said on Thursday::Saputo in talks on 4-5 potential acquisitions.  Full Article

Saputo Inc reports Q4 earnings per share of C$0.42
Thursday, 1 Jun 2017 12:17pm EDT 

June 1 (Reuters) - Saputo Inc : :Saputo Inc.: financial results for the fiscal year ended March 31, 2017.Q4 revenue fell 0.5 percent to C$2.72 billion.Q4 earnings per share $0.42, Q4 adjusted earnings per share $0.42.Says in fiscal 2018, company intends to benefit from its global complementary platforms to face challenges in dairy market environment.Says in fiscal 2018, company intends to spend $357.4 million in capital expenditures.In fiscal 2018, company plans to implement ERP system in Australia and then proceed with implementation in dairy foods division.Dairy ingredient market prices are expected to remain relatively stable for remainder of calendar year 2017 for USA sector.Fluctuation of Canadian dollar versus US dollar decreased revenues by approximately $54 million in Q4.Q4 earnings per share view C$0.48 -- Thomson Reuters I/B/E/S.  Full Article