Saputo Inc.: A Global Dairy Leader

Saputo Inc., headquartered in Montreal, Quebec, Canada, stands as one of the top ten largest dairy producers worldwide. The company efficiently manages a significant global presence with operations spanning multiple countries.

Financial Performance

In the fiscal year 2024, Saputo Inc. reported revenues of CAD 15.03 billion. The following year, the company maintained its robust performance with revenues of CAD 14.308 billion in the first nine months. Fiscal year 2026 marked a record for Saputo, achieving revenues of $4.631 billion in the first quarter, a 0.5% increase. The adjusted EBITDA was recorded at $426 million, reflecting an 11.2% year-on-year increase.

Recent Developments

In 2024, Saputo Inc. strategically closed six U.S. facilities to streamline operations and enhance efficiency. Additionally, the company sold two fresh milk processing facilities to Coles Group Limited, focusing on core dairy manufacturing strengths. During the annual shareholders meeting in August 2024, Saputo reaffirmed its commitment to governance with the election of its board of directors. The company faced some criticism regarding remarks by CFO Maxime Therrien on Australian farmgate milk prices.

Future Plans

Saputo Inc. aims to optimize its supply chain and enhance operational efficiency to maintain a competitive edge. The company plans significant investments in sustainability initiatives and technological advancements to meet industry demands and anticipate future trends. Saputo's commitment to a supportive workplace was recognized as it was named one of Canada’s Top 100 Employers by Mediacorp Canada Inc. for the second consecutive year.

Company Achievements

Lino A. Saputo's appointment to the Order of Canada highlights the company's impact and leadership in the dairy industry. Saputo operates over 67 plants worldwide, employing approximately 19,600 people, and distributes products in over 60 countries under various brands. The company has expanded its product line targeting the foodservice industry, including new offerings like cold foam, creamers, and cheese blends to meet evolving needs.

Strategic Shifts and Operational Efficiency

In fiscal year 2026, despite a 1.5% decline in revenue to CAD 17.551 billion, Saputo Inc. improved its profit margins and operational efficiency. The adjusted EBITDA increased by 10.4% to CAD 1.659 billion, with the EBITDA margin rising from 8.4% to 9.5%. These improvements were driven by increased volumes in strategic markets, an improved product mix, a focus on value-added categories, and operational gains from recent investments.

Additionally, Saputo secured approval from the Toronto Stock Exchange to amend its Normal Course Issuer Bid, increasing the maximum number of common shares that may be repurchased and cancelled, aiming to improve shareholder value. The company confirmed the sale of its Argentine dairy business to Gloria Foods for $885 million, a move to reduce net debt and increase shareholder value.