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Canadian Wildfires Trigger Air-Quality Alerts in US

Canadian Wildfires Trigger Air-Quality Alerts in US

Bloomberg3 days ago

Canadian wildfires have triggered air-quality alerts in the US and the smoke could cause hazy skies in Europe. Safety advisories have been issued in six states. Hazy skies can be seen across the US Midwest. The Canadian wildfires have killed two people, forced over 25,000 people to evacuate, and shut down almost 350,000 barrels of daily heavy crude oil production. (Source: Bloomberg)

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Saputo Inc (SAPIF) Q4 2025 Earnings Call Highlights: Strong Domestic Growth Amid International ...
Saputo Inc (SAPIF) Q4 2025 Earnings Call Highlights: Strong Domestic Growth Amid International ...

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time37 minutes ago

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Saputo Inc (SAPIF) Q4 2025 Earnings Call Highlights: Strong Domestic Growth Amid International ...

Revenue: $4.8 billion in the fourth quarter, a 5% increase year-over-year. Adjusted EBITDA: $365 million for the fourth quarter. Net Earnings: $74 million for the fourth quarter; adjusted net earnings of $128 million, down $28 million year-over-year. Canada Sector Revenue: Nearly $1.3 billion, a 6% increase year-over-year. Canada Sector Adjusted EBITDA: $157 million, up 14% year-over-year. USA Sector Revenue: $2.1 billion, an 11% increase year-over-year. USA Sector Adjusted EBITDA: $148 million, a 7% increase year-over-year. International Sector Revenue: $1 billion, down 10% year-over-year. International Sector Adjusted EBITDA: $47 million, down $41 million year-over-year. Europe Sector Revenue: $335 million. Europe Sector Adjusted EBITDA: $24 million. Net Cash from Operating Activities: $362 million for the fourth quarter. Capital Expenditures (CapEx): $113 million for the fourth quarter. Net Debt to Adjusted EBITDA Ratio: 2.1x as of March 31, 2025. Share Repurchases: Approximately $150 million in shares repurchased under the NCIB program in fiscal year 2025. Warning! GuruFocus has detected 4 Warning Signs with SAPIF. Release Date: June 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Saputo Inc (SAPIF) reported a 5% increase in consolidated revenues, reaching $4.8 billion, driven by higher domestic selling prices and international market prices. The company achieved $150 million in share repurchases under its NCIB program, reflecting strong financial health and commitment to shareholder value. Operational efficiencies and strategic initiatives led to a 14% increase in adjusted EBITDA in the Canadian sector. The USA sector saw an 11% revenue increase and achieved $27 million in cost savings, contributing to an 18% year-over-year growth in adjusted EBITDA. Saputo Inc (SAPIF) is advancing its digital technology adoption to enhance operational efficiency and customer value, positioning itself for future growth. The international sector faced challenges due to currency devaluation and hyperinflation in Argentina, impacting overall performance. Net earnings for the fourth quarter were down $28 million compared to the previous year, primarily due to higher depreciation and financial charges. The European sector continues to face challenges with inflationary pressures and lower margins, despite some recovery in sales volume. Softening consumer demand, particularly in the food service channel, was observed, affecting volumes in the USA sector. The Argentina division experienced higher production costs and reduced milk availability, contributing to a decline in adjusted EBITDA. Q: Carl, the outlook section seems more confident than in previous years. Can you comment on where you're feeling most confident and where you see potential challenges? A: Carl Colizza, President and CEO: The business is performing well, and we've made significant investments over the past few years. We feel strongly about our capabilities and the diversity of our portfolio. North America, particularly the US, presents the greatest upside due to our capital investments. We expect growth across all sectors. Q: Can you expand on the acceleration of investment in priority regions? A: Carl Colizza, President and CEO: We've been exploring new markets, especially in Southeast Asia, Japan, and the Middle East, due to trade dynamics and dairy demand shifts. This expansion helps us maintain our baseline and establish ourselves as a credible supplier in new areas, which is a multiyear process. Q: How are you addressing SG&A optimization, and what impact will it have in fiscal '26? A: Carl Colizza, President and CEO: We've reshaped business processes and adopted digital technologies to focus resources on high-value areas. This led to a reduction in workforce, resulting in structural changes that will benefit cost efficiency and operational effectiveness. Q: Can you discuss the situation in Argentina and the potential impact of currency control relaxation and slowing inflation? A: Carl Colizza, President and CEO: Milk supply is improving, and currency stability is aiding pricing strategies. Maxime Therrien, CFO, added that Argentina's agreement with the IMF is expected to stabilize the economy, reducing inflation and currency volatility, which should positively impact our financial results. Q: How do you plan to manage the increased milk prices in Australia, and can you pass these costs on domestically? A: Carl Colizza, President and CEO: Our competitive opening price aligns with consumer willingness to pay and international demand. We continue to support our farming community and recover costs through balanced pricing strategies, ensuring it doesn't detrimentally impact our bottom line. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

The worst hamburgers for your health — and the ones you should consider for your BBQ to avoid high sodium, fat this summer
The worst hamburgers for your health — and the ones you should consider for your BBQ to avoid high sodium, fat this summer

Yahoo

time37 minutes ago

  • Yahoo

The worst hamburgers for your health — and the ones you should consider for your BBQ to avoid high sodium, fat this summer

Grilling season is upon us at long last, and for many Canadians, the chance to soak up more summer by having dinner outside is a key part to making the most of these sweet, sunny days. However, most barbecue fare can be a minefield of sodium. A Health Canada report from 2017 states many Canadian kids and men consume the mineral to potentially health-affecting excess. That includes 72 per cent of children aged four to 13, and a whopping 90 per cent of men between ages 14 and 30. On the other hand, notably, less than half of women in the same age group aren't consuming excess sodium. A small amount of sodium is a necessary part of a balanced diet as the mineral regulates blood pressure, keeps fluids in balance and helps muscle and nerve functioning. But too much is a serious health concern: "The average daily sodium intake of Canadians is currently estimated at 2760 mg, which is higher than the established goal of 2300 mg per day," Health Canada shares in that same report, going a long way to explaining the prevalence of high blood pressure in the country. This article is for informational purposes only and is not a substitute for professional medical advice, diagnosis or treatment. Contact a qualified medical professional before engaging in any physical activity, or making any changes to your diet, medication or lifestyle. The study adds roughly 25 per cent of Canadians over age 20 have been diagnosed with high blood pressure. But it also explains the actual number is likely much higher, given the condition presents no symptoms and develops slowly. If that's not enough to have you put down the salt shaker, how about this: Heart disease and stroke are, respectively, the second and third leading causes of death in Canada after cancer. Most of the excess sodium in the typical Canadian diet is found in salty snacks, condiments, canned soups, frozen entrees like pizza and microwaved meals — and, above all, bakery goods and processed meats. Burgers, sausages, canned meats and deli meats all fall under this last category. That means when it comes time to fire up the grill, those watching their sodium intake can't just reach for any old patty. Here, we're comparing the nutritional label on a variety of popular grocery store favourites. From veggie burgers and imitation meat patties, to your classic chicken and beef burgers, this is everything you need to know about the sodium content in popular pre-made hamburger products you may be eyeing this summer. Pre-formed beef burgers are a barbecue staple. However, these patties are typically full of sodium, with some packages noting a single patty could use up a whopping quarter of your recommended daily value (DV) intake. When it comes to the DV on nutrition labels, five per cent or less is a little, while 15 per cent and above is a lot. President's Choice Thick and Juicy Beef Burgers Sodium: 600 mg, 26% DV Fat: 33 g (includes 15 g saturated + 1.5 g trans), 44% DV No Name Beef Burgers Sodium: 440 mg, 19% DV Fat: 28 g (includes 13 g saturated + 2 g trans), 37% DV Compliments Frozen Traditional Beef Burgers Sodium: 390 mg, 17% DV Fat: 10 g saturated + 1 g trans, 55% DV Montana's Frozen Canadian Angus Beef Burgers Sodium: 570 mg, 25% DV Fat: 11 g saturated + 2 g trans, 65% DV Changing it up with chicken burgers keeps barbecued dinners interesting as summer's heat continues on. These patties also seem to score slightly lower on sodium and fat levels than their beef counterparts. Zabiha Halal Chicken Burgers Sodium: 480 mg, 21% DV Fat: 8 g (includes 2 g saturated), 11% DV Compliments Balance Chicken Burgers Sodium: 330 mg, 14% DV Fat: 1.5 g saturated, 8% DV Janes Breaded Chicken Burgers Sodium: 410 mg, 18% DV Fat: 1.5 g saturated, 8% DV Great Value Chicken Burgers Sodium: 300 mg, 13% DV Fat: 11 g (includes 15 g saturated + 0.1 g trans), 15% DV Need a break from the red meats or poultry? Fish burgers are a good alternative when you're thinking of firing up the barbecue. Stick to non-breaded versions to stay on the healthier side. Compliments Wild Pacific Salmon Burgers Sodium: 310 mg, 13% DV Fat: 0.3 saturated, 2% DV President's Choice The Ultimate Atlantic Salmon Burgers Sodium: 420 mg, 18% DV Fat: 10g (includes 1.5 g saturated), 13% DV High Liner Breaded Fish Burgers Sodium: 610 mg, 27% DV Fat: 13g (includes 1 g saturated), 17% DV Janes Beer Battered Fish Burgers Sodium: 410 mg, 18% Fat: 1.5 g saturated, 8% DV Gone are the days of vegetarians getting left out at the cookout: Brands like Impossible, Beyond Meat, Yves and Gardein offer a this-close facsimile of their beef brethren — including the sodium and fat, it seems. Beyond Meat Plant-Based Burgers Sodium: 370 mg, 16% DV Fat: 6 g saturated + 0.1 g trans, 31% DV Impossible Plant-Based Burgers Sodium: 370 mg, 16% DV Fat: 8 g saturated, 40% DV Yves The Good Veggie Burgers Sodium: 310 mg, 14% Fat: 0.2 g saturated, 3% DV Gardein Suprême Plant-Based Burgers Sodium: 420 mg, 18% DV Fat: 9 saturated + 0.1 g trans, 44% DV Burger patties composed of vegetables, beans, grains and seasonings are an old-school vegetarian staple. Typically, these burgers are top-tier in healthiness regarding sodium and fat levels. Dr. Prager's California-Style Veggie Burgers Sodium: 250 mg, 10% DV Fat: 0 g saturated Big Mountain The Original Veggie Burgers Sodium: 135 mg, 6% DV Fat: 2 g saturated, 10% DV President's Choice Chickpea and Sweet Potato Veggie Burgers Sodium: 590 mg, 26% Fat: 9 g (including 1g saturated), 12% DV Wholly Veggie The Big Griller Veggie Burgers Sodium: 250 mg, 11% DV Fat: 0.5 g saturated, 5% DV Another potential sodium minefield standing between you and a barbecue meal that meets your dietary needs are burger buns. Some buns, it seems, might have as much salt as the patties they're clasped around. Some buns from the D'Italiano brand have 16 per cent of your daily sodium allotment per bun. That means a burger with one of these buns could have as high as half your daily intake, depending on the variety of patty inside — and that's before you've put cheese or ketchup on it. Wonderbread white buns, meanwhile, clock in at 10 per cent of your daily sodium needs — as do Compliments brand brioche buns. Villaggio's Toscana buns have 12 per cent of your daily sodium allowance, while Dempster's hamburger buns clock in at 10 per cent. Even though it tastes sweet, ketchup packs a sodium punch. At 50 grams — or about four tablespoon's worth — you're being delivered 18.5 per cent of your daily sodium recommendation. Mustard and relish aren't off the hook, either: According to the USDA, the average yellow mustard has 23.5 per cent of your daily sodium in a comparable amount. On the other hand, relish hovers around 16.5 per cent of your sodium needs for about four tablespoons. Adding cheese? One slice of Kraft Singles has 12 per cent of your sodium allowance, while Ziggy's brand cheddar slices offer seven per cent. It's possible that building the perfect burger could cost an entire day's worth of sodium intake if you're not careful. But simple swaps — like reaching for unprocessed cheese, going light on the condiments and checking the nutrition facts on the buns — can keep things in check, as will occasionally choosing patties made from chicken, fish and vegetables in place of beef. Get ready to light the grill!

Prolonged rain chance offers some relief to wildfire-stricken Prairies
Prolonged rain chance offers some relief to wildfire-stricken Prairies

Yahoo

time37 minutes ago

  • Yahoo

Prolonged rain chance offers some relief to wildfire-stricken Prairies

Wildfires persist across the Prairies, but relief may be on the horizon. Friday's rainfall certainly offers some hope, but most areas will need significantly more to help in the wildfire battle. The good news is there will be more rainfall on the way this weekend in wildfire-impacted regions, helping to quell some of the blazes while also clearing out the smoke and improving the air quality for some locales. Windy conditions, however, could complicate wildfire control efforts once again, as well. DON'T MISS: A developing low-pressure system in the northern Prairies is forecast to track east into Saskatchewan and Manitoba this weekend, bringing some much-needed rainfall to the region. The lows associated cold front may trigger some severe storms on Saturday afternoon, specifically around southern Manitoba. Elsewhere, the prolonged rain potential over the weekend will cover the wildfire areas, without the risk for thunderstorms, which is good news for crews battling the blazes. The rainfall will also temporarily help with the poor air quality the region has been facing. RELATED: Temperatures will sit in the teens this weekend, struggling to reach 20°C for the week to come. That will also be good news for the fire-hit areas. The dropping temperatures will be delivered by strong, northwesterly wind gusts this weekend. However, the strongest winds will remain south and west of the fires. The wind direction change will be the biggest factor for the fires, Southern sections of the Prairies could see gusts of 60–80 km/h, although wildfire-affected regions may experience gusts of 40–60 km/h, potentially complicating firefighting efforts. DON'T MISS: As we make our way through the month, most of Western Canada will continue to see some relief from the hot and dry pattern that dominated during May. The upcoming pattern change won't be as dramatic as what this region truly needs, but periods of cooler weather should result in near-normal temperatures across the northern and central parts of the region, with the potential for some much-needed rain. The pattern will not turn wet enough to put out the fires or end the threat for more fires, 10° cooler temperatures and higher humidity will help firefighters in their efforts to bring the fires under control. Click here to view the video

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