Maple Leaf Foods Inc. operates as a consumer packaged meats company in Canada. It operates in two segments, Meat Products Group and Agribusiness Group. The Meat Products Group segment offers prepared meats and meals, lunch kits, and snacks, as well as fresh pork, poultry, and turkey products. This segment markets its products primarily under the Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Devour brand names. The Agribusiness Group segment produces hogs for the supply of livestock and toll feed. The company has operations in Canada, the United States, Mexico, and Japan. Maple Leaf Foods Inc. is headquartered in Mississauga, Canad...
6985 Financial Drive
Mississauga, ON L5N 0A1
Maple Leaf Foods Inc. Approves Dividend, Payable on September 29, 2017
Jul 27 17
On July 26, 2017, the Board of Directors of Maple Leaf Foods Inc. approved a dividend of $0.11 per share payable September 29, 2017 to shareholders of record at the close of business September 8, 2017. Based on the current number of shares outstanding, it is estimated that $0.1022 per share of the total dividend to be paid will be considered an Eligible Dividend for the "Enhanced Dividend Tax Credit System".
Maple Leaf Foods Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
Jul 27 17
Maple Leaf Foods Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported sales of CAD 925,873,000 against CAD 854,646,000 a year ago. Earnings before income taxes were CAD 51,462,000 against CAD 43,020,000 a year ago. Net earnings were CAD 37,342,000 or CAD 0.28 diluted per share against CAD 31,381,000 or CAD 0.23 diluted per share a year ago. Cash provided by operating activities was CAD 42,132,000 against CAD 63,406,000 a year ago. Additions to long-term assets were CAD 26,982,000 against CAD 27,178,000 a year ago. Adjusted operating earnings were CAD 75,006,000 against CAD 60,466,000 a year ago. Adjusted earnings per share were CAD 0.41 against CAD 0.32 a year ago. Adjusted EBITDA was CAD 103,303,000 against CAD 87,877,000 a year ago. Free cash flow was CAD 15,150,000 against CAD 36,228,000 a year ago.
For the six months, the company reported sales of CAD 1,737,058,000 against CAD 1,651,535,000 a year ago. Earnings before income taxes were CAD 93,547,000 against CAD 101,083,000 a year ago. Net earnings were CAD 67,447,000 or CAD 0.51 diluted per share against CAD 73,650,000 or CAD 0.53 diluted per share a year ago. Cash provided by operating activities was CAD 97,140,000 against CAD 108,843,000 a year ago. Additions to long-term assets were CAD 47,237,000 against CAD 47,453,000 a year ago. Adjusted operating earnings were CAD 134,036,000 against CAD 114,048,000 a year ago. Adjusted earnings per share were CAD 0.74 against CAD 0.60 a year ago. Adjusted EBITDA was CAD 191,170,000 against CAD 169,337,000 a year ago. Free cash flow was CAD 49,903,000 against CAD 61,390,000 a year ago.