Earnings Call Summary | MAPLE LEAF FOODS(MLFNF.US) Q4 2023 Earnings Conference
Earnings Call Summary | MAPLE LEAF FOODS(MLFNF.US) Q4 2023 Earnings Conference
The following is a summary of the Maple Leaf Foods Inc. (MLFNF) Q4 2023 Earnings Call Transcript:
以下是楓葉食品公司（MLFNF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Maple Leaf Foods Inc saw a 2.7% YoY revenue growth in 2023.
The adjusted EBITDA reached $428 million, marking a 57% improvement from 2022.
They attained EBITDA neutrality in the plant protein business in Q4 2023.
There were challenging conditions in Q4 2023 resulting in a margin of 10.5%, despite which Q4 revenue remained consistent.
Despite a peak loss of $37 million in a quarter, Maple Leaf Foods reached a neutral or better EBITDA in Q4 2023.
There was a modest growth of 1% in meat protein in Q4 2023.
Q4 2023 sales touched $1.2 billion, up by 0.6% from the previous year.
The adjusted EBITDA in Q4 2023 was $120 million, up by 117% from the previous year's $55 million.
They reported a net loss of $9.3 million or $0.8 per share, an improvement from last year's loss.
There was a slight increase in net debt to $1.75 billion from $1.6 billion a year ago.
楓葉食品公司在2023年實現了2.7％的收入同比增長。
調整後的息稅折舊攤銷前利潤達到4.28億美元，比2022年增長了57％。
他們在2023年第四季度實現了植物蛋白業務的息稅折舊攤銷前利潤中和。
2023年第四季度的條件艱難，利潤率爲10.5％，儘管如此，第四季度的收入仍保持穩定。
儘管楓葉食品在一個季度內實現了3700萬美元的峯值虧損，但在2023年第四季度達到了中性或更好的息稅折舊攤銷前利潤。
2023年第四季度，肉類蛋白質溫和增長了1％。
2023年第四季度的銷售額達到12億美元，比上年增長0.6％。
2023年第四季度調整後的息稅折舊攤銷前利潤爲1.2億美元，較上一年的5500萬美元增長了117％。
他們報告淨虧損930萬美元，合每股虧損0.8美元，比去年的虧損有所改善。
淨負債從去年同期的16億美元略有增加至17.5億美元。
Business Progress:
業務進展：
The company successfully executed capital projects worth over $1 billion, focusing on the London poultry and the Bacon Center of Excellence.
As part of their new strategic blueprint and organizational structure, they aim to become a globally admired and brand-led consumer packaged goods company.
The plan is to decrease capital expenditure to between $170 and $190 million in 2024.
The focus is on profitable growth, with plans to more fully utilize their assets and return to growth category.
The company has integrated plant protein as a category.
There are plans to continue to invest in their brands and work on optimizing commercial components in the poultry markets.
Their strategies also include driving cost synergy and planning to optimize utilization of assets in their network for efficiency.
Despite a 9.1% decrease in plant protein sales compared to the previous year, they are confident of getting back on track in terms of growth.
The company expects a low to mid-single digit revenue growth for the full year 2024.
Planned capital expenditures of $170 to $190 million for 2024 will be focused on maintenance and optimization efforts.
該公司成功執行了價值超過10億美元的資本項目，重點是倫敦家禽和培根卓越中心。
作爲其新戰略藍圖和組織結構的一部分，他們的目標是成爲一家享譽全球且以品牌爲主導的消費品公司。
該計劃將在2024年將資本支出減少到1.7億美元至1.9億美元之間。
重點是盈利增長，並計劃更充分地利用其資產並重返增長類別。
該公司已將植物蛋白整合爲一個類別。
計劃繼續投資其品牌，並努力優化家禽市場的商業成分。
他們的策略還包括推動成本協同效應，並計劃優化網絡中資產的利用率以提高效率。
儘管植物蛋白銷售額與去年相比下降了9.1％，但他們有信心重回增長正軌。
該公司預計，2024年全年收入將實現低至中等個位數的增長。
2024年的計劃資本支出爲1.7億至1.9億美元，將主要用於維護和優化工作。
More details: MAPLE LEAF FOODS IR
更多詳情： 楓葉食品 IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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