SunOpta Announces Fourth Quarter Fiscal 2018 Financial Results and Additional Details on Sale of Specialty and Organic Soy and Corn Business

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SunOpta (STKL) Misses Q4 EPS by 5c, Revenues; Announces CEO Transition, Appointing Katrina L. Houde as Interim CEO

February 26, 2019 7:33 AM EST

SunOpta (NASDAQ: STKL) reported Q4 EPS of ($0.11), $0.05 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $320.5 million versus the consensus estimate of $292.94 million.

In a separate news release issued today, SunOpta also announced the termination of David J. Colo as President and CEO. Director Katrina L. Houde has been appointed interim CEO.

Revenues of $320.5 million for the fourth quarter of 2018, compared to $292.4 million in the fourth quarter of 2017, an increase of 9.6%. Adjusted for changes in foreign exchange, commodity prices, and the discontinuation of flexible resealable pouch and nutrition... More