Maple Leaf Foods Inc. reported its financial results for the third quarter, ending September 30, 2016. Third quarter net earnings grew 70%, adjusted earnings per share doubled compared to the same quarter of last year. Adjusted EBITDA margin was 10.3% in the quarter and contributed to free cash flow of approximately $147 million.
"Our results in the quarter and for the year-to-date demonstrate the consistent performance we expected from our many years of strategic transformation," said Michael H. McCain, President and CEO. "We are now focused on the next horizon for Maple Leaf, supported by the pillars of our strategy including leading in sustainability, driving innovation and growth, consistently reducing our costs and expanding our geographic footprint. These are exciting times at Maple Leaf."