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Rogers Sugar Inc. (RSGUF) CEO John Holliday on Q3 2018 Results - Earnings Call Transcript

Aug. 04, 2018 5:33 AM ETRogers Sugar Inc. (RSGUF), RSI:CA
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Rogers Sugar Inc. (OTCPK:RSGUF) Q3 2018 Earnings Conference Call August 1, 2018 5:30 PM ET


John Holliday - Chief Executive Officer

Manon Lacroix - Vice President, Finance and Chief Financial Officer


George Doumet - Scotiabank

Stephen MacLeod - BMO Capital Markets

Evan Frantzeskos - TD Securities

Frederic Tremblay - Desjardins Capital Markets

Ammar Shah - National Bank


Good afternoon, ladies and gentlemen, and welcome to the Rogers Sugar Third Quarter 2018 Results Conference Call. After the presentation, we will conduct a question and answer session, which will be opened only to financial analysts. Instructions will be given at that time. Please note that this call is being recorded today August 1, 2018 at 5:30 PM Eastern time.

I would now like to turn the meeting over to John Holliday, Chief Executive Officer. Please go ahead, Mr. Holliday.

John Holliday

Thank you, operator, and good afternoon, ladies and gentlemen. Joining me for today’s conference call is our CFO, Manon Lacroix.

In keeping with our usual format, I will start by commenting on some of the highlights for the quarter for both our Sugar and Maple segments and then provide some brief updates on our key strategies. At the conclusion of my comments, I will turn the conference call over to Manon, who will review the financials in more detail and talk briefly about the outlook for the balance of the fiscal year. We will then open the phone lines to answer any questions you might have.

Commenting on our sugar volume, we saw strong overall volumes in the third quarter. Our results exceeded prior year shipments by approximately 8,400 metric tonnes and 8,700 metric tonnes for the quarter and year-to-date, respectively.

Looking at each segment, we saw our industrial business expand by approximately 2,400 metric tonnes for the third

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