LETHBRIDGE HERALDtkalinowski@lethbridgeherald.comRogers Sugar Inc. is welcoming a recent decision from the Canadian International Trade Tribunal (CITT) to
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(1) See “Cautionary statement on Non-GAAP Measures” section of this press release for definition and reconciliation to GAAP measures.
Consolidated adjusted EBITDA for the third quarter of 2021 was $17.2 million, up 20.6% from the same quarter last year, driven by higher adjusted EBITDA in the Sugar segment offset by lower adjusted EBITDA in the Maple segment. Adjusted EBITDA for the first nine months of 2021 was $66.2 million, up 8.5% from the same period in 2020, largely as a result of improved adjusted EBITDA in both segments;
Adjusted EBITDA in the Sugar segment was $14.3 million in the third quarter, an increase of $3.3 million or 30.5% from the same quarter last year, largely due to higher volume and higher pricing, lower administration and selling expenses as well as lower distribution costs. This was partly offset by an increase in operating, energy and warehousing costs;
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