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Saputo Reports Financial Results for the Fourth Quarter and Fiscal 2026

Saputo Delivers Strong FY2026 EBITDA Growth and Confirms Argentina Divestiture Timeline Amid Network Optimization

By The Northwire Desk — AI Analysis Jun 04, 2026 · 17:00 SAP · 42.7 SAPUTO INC.

Executive Summary

Saputo Inc. reported fourth quarter and full-year fiscal 2026 financial results ending March 31, 2026.
Full-year adjusted EBITDA rose 10.4% to $1.659 billion, with an adjusted EBITDA margin expanding to 9.5% from 8.4% in the prior year.
Full-year net earnings reached $690 million ($1.68 basic EPS), while adjusted net earnings were $751 million ($1.83 basic EPS).
The company confirmed the definitive agreement announced in February 2026 to sell an 80% stake in its Argentine Dairy Division to Gloria Foods for approximately $557 million CAD in net after-tax proceeds, with closing expected in H1 FY2027.
Capital returned to shareholders totaled $1.003 billion, comprising $679 million in share repurchases and $324 million in dividends. A new quarterly dividend of $0.20 per share was declared.
Operational updates include the permanent closure of the Green Bay, Wisconsin facility and the commissioning of a new consolidated Midwest warehousing facility.
FY2027 outlook indicates increased capital expenditures focused on high-return projects, rising SG&A expenses due to labor and promotional spending, and continued focus on operational efficiency.

Material Impact

The earnings results exceed prior expectations, demonstrating disciplined execution and margin expansion despite US dairy commodity headwinds.
The Argentina divestiture, initially announced in February 2026, is progressing on schedule. The ~$400 million USD net proceeds will enhance capital flexibility for targeted reinvestment and near-term share repurchases.
The news is in line with previous management guidance and the strategic roadmap outlined in prior quarters. It confirms the successful realization phase of the capital program initiated in 2021.
While financially robust, the announcement lacks unexpected catalysts or paradigm-shifting developments. It represents a solid execution of a known strategy rather than a market-moving surprise.

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Company Overview

Saputo Inc. is Canada's largest dairy processor and one of the largest in North America, with a diversified portfolio of cheese, milk, butter, and specialty dairy products.
Flagship operations span Canada, the USA, Australia, and Europe. The company is heavily focused on network optimization, including the closure of the Green Bay facility and the rollout of a consolidated Midwest warehousing hub to streamline supply chains.
The Argentina divestiture is a key strategic project aimed at refining the global footprint, unlocking capital, and reinvesting in higher-growth platforms.
The company has validated 2030 environmental targets with the Science-Based Targets initiative (SBTi) and published a comprehensive Climate Roadmap.

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