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Lassonde Industries Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St · 03/31 13:18

Lassonde Industries (TSE:LAS.A) Full Year 2024 Results

Key Financial Results

  • Revenue: CA$2.60b (up 12% from FY 2023).
  • Net income: CA$114.1m (up 30% from FY 2023).
  • Profit margin: 4.4% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: CA$16.73 (up from CA$12.83 in FY 2023).
revenue-and-expenses-breakdown
TSX:LAS.A Revenue and Expenses Breakdown March 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lassonde Industries Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of CA$1.43b (55% of total revenue). Notably, cost of sales worth CA$1.90b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CA$471.4m (81% of total expenses). Explore how LAS.A's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Canada.

Performance of the Canadian Food industry.

The company's shares are up 8.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Lassonde Industries' balance sheet and an in-depth analysis of the company's financial position.