SunOpta Announces Fiscal 2014 and Fourth Quarter Results

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Go back to SunOpta Announces Fiscal 2014 and Fourth Quarter Results

SunOpta (STKL) Misses Q4 EPS by 4c; Announces Acquisition of Citrusource

March 2, 2015 5:04 PM EST

SunOpta (NASDAQ: STKL) reported Q4 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $284.8 million versus the consensus estimate of $300.7 million.

SunOpta also announced it has signed a definitive agreement to acquire Citrusource, LLC. ("Citrusource"). The acquisition transaction closed contemporaneously with the execution of the definitive agreement.

Citrusource is a leading supplier of premium not-from-concentrate private label organic and conventional orange juice and citrus products in the United States with revenues of approximately $30 million. They... More