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BRIEF-Saputo Says Q2 Adjusted Earnings Per Share C$0.42

Published 02/11/2018, 04:12 am
Updated 02/11/2018, 04:20 am
BRIEF-Saputo Says Q2 Adjusted Earnings Per Share C$0.42

Nov 1 (Reuters) - Saputo Inc SAP.TO :

* FINANCIAL RESULTS FOR FISCAL 2019 SECOND QUARTER ENDED SEPTEMBER 30, 2018

* Q2 ADJUSTED EARNINGS PER SHARE C$0.42

* Q2 EARNINGS PER SHARE C$0.42

* Q2 REVENUE C$3.42 BILLION VERSUS I/B/E/S VIEW C$3.46 BILLION

* Q2 EARNINGS PER SHARE VIEW C$0.44 -- THOMSON REUTERS I/B/E/S

* SAPUTO - USA MARKET FACTORS, LOWER INTERNATIONAL DAIRY INGREDIENT AND CHEESE MARKET PRICES NEGATIVELY IMPACTED Q2 ADJUSTED EBITDA BY ABOUT $25 MILLION

* CURRENTLY REVIEWING PROPOSED CHANGES IN USMCA & SPECIFIC IMPACTS ON CANADA, USA & INTERNATIONAL SECTORS

* DOES NOT FORESEE SIGNIFICANT IMPACTS ON OPERATIONS UPON FORMAL ADOPTION OF USMCA

* SAPUTO - DAIRY INGREDIENT MARKETS HAVE CONTINUED TO BE DEPRESSED DURING Q2, CO ANTICIPATES MARKET PRICES WILL REMAIN LOW FOR REMAINDER OF FISCAL 2019

* DAIRY INGREDIENT MARKET PRICES IN 2019 WILL CONTINUE TO PUT DOWNWARD PRESSURE ON CANADA AND USA SECTORS' MARGINS

* DO NOT EXPECT SIGNIFICANT RECOVERY IN INTERNATIONAL CHEESE AND DAIRY INGREDIENT PRICES IN FISCAL 2019

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