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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 ‍received approval of TSX to renew normal course issuer bid
Wednesday, 15 Nov 2017 

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
Friday, 10 Nov 2017 

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
Friday, 3 Nov 2017 

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 

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 

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
Friday, 27 Oct 2017 

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 CEO says company looking for acquisitions
Tuesday, 2 Aug 2016 

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 

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
Friday, 3 Jun 2016 

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 

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