01:38 PM EST, 11/28/2024 (MT Newswires) -- Rogers Sugar ( RSGUF ) on Thursday reported fourth-quarter revenue of $333 million, beating National's call for $328 million and consensus of $303 million. Adj. EPS of $0.14 was above National's call for $0.13 and the $0.13 consensus forecast.

The company's LEAP project's budget was revised upward by 40-50% to $280-300 million and the project's commissioning will be pushed back ~6 months to H2/26 (was H1/26), National noted.

National sees timelier options elsewhere and is reiterating Sector Perform and $6.25 target on the stock.

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