cal-maine foods inc (CALM) Key Developments
The U.S. Environmental Protection Agency and Justice Departments Environment and Natural Resources Division Announce Settlement with Cal-Maine Foods, Inc
Apr 14 15
The U.S. Environmental Protection Agency (EPA) and Justice Departments Environment and Natural Resources Division announced a settlement with Cal-Maine Foods, Inc. that resolves Clean Water Act violations at the company's poultry egg production facility in Edwards, Miss. Under the settlement, Cal-Maine will bring the facility into compliance with its state-issued water discharge permit, significantly reduce nutrient pollution discharges, and improve environmental data collection and reporting practices. The company will also pay a $475,000 penalty to be split evenly between the U.S. Federal and Mississippi governments. Clean Water Act violations from agricultural facilities can impair drinking water sources, transmit disease-causing bacteria, and endanger lakes and rivers. This settlement will bring Cal-Maine into compliance with state and federal laws and cut nutrient pollution discharges into area waterways. Under the settlement, Cal-Maine is already developing and implementing: procedures for its egg production and land application areas to achieve compliance with its NPDES permit, an employee training policy, and improved recordkeeping and reporting practices. The procedures were submitted to, and reviewed and approved by EPA and Mississippi officials over the course of settlement negotiations. Cal-Maine has begun implementing these procedures and must comply with all the terms of the settlement by April 30, 2016.
Cal-Maine Foods, Inc. Announces New Joint Venture with Rose Acre Farms, Inc. in Texas
Apr 9 15
Cal-Maine Foods, Inc. announced the Company has entered into a production joint venture with Rose Acre Farms, Inc. This new joint venture, known as Red River Valley Egg Farm, LLC, will build and operate a shell egg production complex near Bogata, Red River County, Texas. The current plans for the new facility provide for capacity of approximately 1.8 million laying hens, however the site is permitted for up to 2.9 million birds. Red River Valley Egg Farm, LLC will license and utilize Rose Acre Farms’ patent-pending cage-free aviary designs and systems. Construction has commenced and initial operations of the new complex are expected to begin in August 2015. Red River Valley Egg Farm, LLC will create approximately 80 to 100 new jobs in Red River County, Texas.
Cal-Maine Foods, Inc. Presents at 19th Annual Burkenroad Reports Investment Conference, Apr-24-2015 09:00 AM
Mar 30 15
Cal-Maine Foods, Inc. Presents at 19th Annual Burkenroad Reports Investment Conference, Apr-24-2015 09:00 AM. Venue: Hyatt Regency New Orleans Hotel, 601 Loyola Avenue, New Orleans, LA 70113, United States. Speakers: Adolphus B. Baker, Chairman, Chief Executive Officer, President, Chairman of Compensation Committee, Member of Executive Committee and Member of Nominating Committee, Timothy A. Dawson, Chief Financial Officer, Vice President, Treasurer, Secretary, Director and Member of Executive Committee.
Cal-Maine Foods, Inc. Announces Dividend for the Third Quarter of Fiscal 2015, Payable on May 14, 2015; Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended March 1, 2014
Mar 30 15
Cal-Maine Foods, Inc. announced that for the third quarter of fiscal 2015, it will pay a cash dividend of approximately $0.350 per share to holders of its common and Class A common stock. The dividend is payable on May 14, 2015, to shareholders of record on April 29, 2015.
The company reported unaudited group earnings results for the third quarter and nine months ended March 1, 2014. For the quarter, the company reported operating income of $72,025,000, income before income taxes of $76,997,000, net income of $50,882,000 or $1.05 diluted per share on net sales of $437,556,000 against operating income of $46,596,000, income before income taxes of $58,496,000, net income of $42,583,000 or $0.89 diluted per share on net sales of $395,522,000 for the same period a year ago.
For the nine months, the company reported operating income of $168,785,000, income before income taxes of $175,505,000, net income of $115,140,000 or $2.38 diluted per share on net sales of $1,173,117,000 against operating income of $98,524,000, income before income taxes of $112,910,000, net income of $77,715,000 or $1.61 diluted per share on net sales of $1,069,325,000 for the same period a year ago.
Cal-Maine Foods, Inc. to Report Q3, 2015 Results on Mar 30, 2015
Mar 16 15
Cal-Maine Foods, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Mar 30, 2015