Maple Leaf Foods Reports Strong Q4 and 2024 Financial Results, Eyes Transformative 2025

Mar 03, 2025

Maple Leaf Foods Inc. has released its fourth-quarter and full-year 2024 financial results, highlighting strong growth, improved margins, and a solid foundation for future expansion. The company attributes its performance to disciplined execution, strategic capital investments, and market stabilization.

Fourth Quarter Highlights:

Revenue Growth: Sales increased by 4.3% year-over-year, reaching $1.237 billion.
Earnings Surge: Adjusted EBITDA rose to $155 million, a 29% increase from the previous year.
Margin Expansion: Adjusted EBITDA margin improved by 240 basis points to 12.5%.
Profitability Rebound: The company reported net earnings of $53.5 million ($0.43 per basic share), compared to a $9.3 million loss in Q4 2023.

Full-Year 2024 Performance:

Steady Growth: Total sales reached $4.895 billion, up 1.1% from 2023.
Operational Strength: Adjusted operating earnings increased to $293.4 million from $193.2 million the previous year.
Higher Earnings: Adjusted earnings per share rose to $0.78, up from $0.09 in 2023.
Cash Flow Improvement: Free cash flow nearly doubled to $129.8 million.

Curtis Frank, President and CEO of Maple Leaf Foods, emphasized the company’s progress in stabilizing its operations and completing major capital projects. He noted that a renewed focus on consumer-packaged goods and operational efficiencies has positioned Maple Leaf Foods for sustained growth in 2025.

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Video: Same Grit, New Name: A Conversation with Ryan Calistro of Bower Ag

Swine Leaders Live, we sit down with Ryan Calistro, President of Bower Ag, to discuss a major brand transition in the ag construction and solutions space—and what it means for swine producers. Bower Ag represents a new, unified identity, bringing together Ag Property Solutions, Dairy Specialists, and The Dairy Solutions Group under one name. But as Ryan explains, this isn’t about change for the sake of change—it’s about strengthening what already works and delivering more value to producers.

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• What Bower Ag is and why the transition was made

• What stays the same for longtime customers

• How combining multiple businesses creates new opportunities for producers

• What today’s producers are asking for—and how Bower Ag is responding

• Key insights heading into World Pork Expo

If you’ve worked with APS before—or are evaluating partners for your next project—this conversation provides a clear look at where Bower Ag is headed and how they’re positioning themselves for the future.