Company Overview of Maple Leaf Foods Inc.
Maple Leaf Foods Inc. operates as a packaged meats company. The Meat Products Group segment offers prepared meats, lunch kits, and snacks, as well as fresh pork and poultry products. This segment markets its products primarily under the Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, and Mina brand names. The Agribusiness Group segment produces and manages hogs. The company has operations in Canada, Japan, the United States, and internationally. Maple Leaf Foods Inc. is based in Mississauga, Canada.
6985 Financial Drive
Mississauga, ON L5N 0A1
Key Executives for Maple Leaf Foods Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: C$1.1M
Chief Financial Officer
Total Annual Compensation: C$469.8K
Chief Operating Officer
Total Annual Compensation: C$713.4K
Senior Vice President of Supply Chain and Purchasing
Total Annual Compensation: C$647.5K
Chief Food Safety Officer and Senior Vice President of Operations
Total Annual Compensation: C$572.9K
Compensation as of Fiscal Year 2015.
Maple Leaf Foods Inc. Key Developments
Gregory Boland Resigns as Director of Maple Leaf Foods
Nov 14 16
Maple Leaf Foods announced that Mr. Gregory Boland has resigned as a director of the company. Mr. Boland has been a director since 2011 and served on the Audit Committee and the Human Resources and Compensation Committee.
Maple Leaf Foods Inc. Provides Capital Expenditure Guidance for the Year 2016
Nov 2 16
Maple Leaf Foods Inc. provided capital expenditure guidance for the year 2016. For the period, the company anticipates capital expenditure to be approximately $125 million.
Maple Leaf Foods Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
Nov 2 16
Maple Leaf Foods Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported sales of CAD 852.099 million against CAD 818.785 million a year ago. Earnings before interest and income taxes were CAD 46.424 million against CAD 25.898 million a year ago. Earnings before income taxes were CAD 43.605 million against CAD 24.689 million a year ago. Net earnings were CAD 31.828 million or CAD 0.23 per diluted share against CAD 18.680 million or CAD 0.13 per diluted share a year ago. Cash provided by operating activities was CAD 176.200 million against CAD 42.072 million a year ago. Additions to long-term assets were CAD 29.522 million against CAD 39.043 million a year ago. Adjusted EBITDA was CAD 87.751 million against CAD 58.247 million a year ago. Adjusted earnings per share were CAD 0.32 against CAD 0.16 a year ago. Adjusted operating earnings were CAD 61.516 million against CAD 29.844 million a year ago.
For the nine months, the company reported sales of CAD 2,503.634 million against CAD 2,419.809 million a year ago. Earnings before interest and income taxes were CAD 149.824 million against CAD 10.458 million a year ago. Earnings before income taxes were CAD 144.688 million against CAD 6.963 million a year ago. Net earnings were CAD 105.478 million or CAD 0.76 per diluted share against CAD 8.295 million or CAD 0.06 per diluted share a year ago. Cash provided by operating activities was CAD 285.043 million against CAD 82.054 million a year ago. Additions to long-term assets were CAD 76.975 million against CAD 109.495 million a year ago. Adjusted EBITDA was CAD 257.088 million against CAD 144.097 million a year ago. Adjusted earnings per share were CAD 0.92 against CAD 0.34 a year ago. Adjusted operating earnings were CAD 175.564 million against CAD 62.043 million a year ago.
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