MONTREAL – Saputo Inc. says its net earnings came in at $220 million during the third quarter, up from a loss of $518 million during the same period a year earlier.
The Montreal-based company attributed the swing in profit to the absence of an impairment charge recorded in its U.K. dairy division in the third quarter of last year.
On a per share basis, Saputo says its earnings amounted to 53 cents, up from a loss of $1.22 during the prior year quarter.
Saputo’s quarterly revenue came in at $4.89 billion, down from $4.99 billion a year earlier.
The company attributed the decline in revenue to lower U.S. dairy commodity pricing.
Saputo CEO Carl Colizza says in a news release that efficiencies from its modernized network drove robust cash generation during the quarter.
This report by The Canadian Press was first published Feb. 5, 2026.
Companies in this story: (TSX:SAP)
