Significant EPS Improvement
Delivered a 59% improvement in diluted earnings per share, reflecting strong strategic execution and operational efficiencies.
Special Dividend Announcement
Approved a special cash dividend of $1 per share, returning approximately $11.7 million to stockholders, demonstrating strong financial performance and commitment to shareholder value.
Revenue Increase
Net sales for Q1 of fiscal 2026 increased by 8.1% to $298.7 million, driven by an 8.9% increase in weighted average sales price per pound.
Gross Profit Growth
Gross profit increased by 16.2% to $54.1 million, with gross profit margin improving to 18.1% of net sales from 16.9% in the previous year.
Expansion and Innovation
Expanded manufacturing footprint with new production lines for snack and protein bars, paving the way for innovation in new segments.
Strong Performance in Commercial Ingredients and Contract Manufacturing
Sales volume increased 12.8% in commercial ingredients and 18.4% in contract manufacturing channels.