SunOpta Inc. (NASDAQ:STKL) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET
Company Participants
Joe Ennen - CEO
Scott Huckins - CFO
Conference Call Participants
Jon Andersen - William Blair
Andrew Strelzik - BMO Capital Markets
Brian Holland - Cowen and Company
Mark Smith - Lake Street Capital Markets
Alex Fuhrman - Craig-Hallum Capital Group
Operator
Good afternoon, and welcome to SunOpta's Second Quarter 2022 Earnings Conference Call.
By now, everyone should have access to the earnings press release that was issued this afternoon and is available on the Investor Relations page on SunOpta's website at www.sunopta.com. This call is being webcast, and its transcription will also be available on the company's website. As a reminder, please note that the prepared remarks which will follow contain forward-looking statements instrument may make additional forward-looking statements in response to your questions.
These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. We refer you to our risk factors contained in SunOpta's press release issued this afternoon, the company's annual report filed on Form 10-K and other filings with the Securities and Exchange Commission for more detailed discussions of the factors that could cause actual results to differ materially from those projections and any forward-looking statements.
The company undertakes no obligation to publicly correct or update the forward-looking statements made during the presentation to reflect future events or circumstances, except as may be required under applicable securities laws.
Finally, we would like to remind listeners that the company may refer to certain non-GAAP financial measures during this teleconference. A reconciliation of these non-GAAP financial measures was included with the company's press release issued earlier today. Also, please note that otherwise -- unless otherwise stated, all figures discussed today are in U.S. dollars and are occasionally rounded to the nearest million.
I'd like to now turn the conference over to the SunOpta CEO, Joe Ennen.
Joe Ennen
Good afternoon, and thank you for joining us today. With me on the call is Scott Huckins, our Chief Financial Officer. The second quarter was one of the strongest in company history with quarterly sales, gross profit and adjusted EBITDA all at or near record levels. I'm particularly pleased with the quality of the quarter as it demonstrates the potential of our strategic plan showcases the depth of our competitive advantages and highlights our culture of execution.
In addition, these results reflect favorably on the actions we took in late 2021 and early 2022 to mitigate inflation and improve operational performance. It is exciting to know that we are just getting started in realizing our long-term goals. As a reminder from our Investor Day, we outlined five strategic imperatives; transforming the portfolio, fortifying our competitive advantages; leveraging our competencies to expand the total addressable market of the business; and be recognized as a sustainability company and codifying our culture.