flowers foods inc (FLO) Key Developments
Flowers Foods, Inc. Approves Amend the Company’S Restated Articles of Incorporation and Amended and Restated Bylaws
Jun 10 15
Flowers Foods, Inc. has approved amend the company’s restated articles of incorporation and amended and restated bylaws at the annual general meeting held on June 5, 2015.
Flowers Foods, Inc. Announces Increased Quarterly Dividend, Payable on July 2, 2015
Jun 5 15
Flowers Foods, Inc.'s board of directors announced a quarterly dividend of $0.145 per share, which represents an increase of 9.4% over the quarterly dividend paid previously. The dividend is payable on July 2, 2015, to shareholders of record on June 19, 2015. This action increases the annualized dividend rate to $0.58 per share, a 20.8% increase from the annualized rate at this time last year.
Flowers Foods, Inc. - Shareholder/Analyst Call
Jun 1 15
Annual Shareholders Meeting
Flowers Foods, Inc. Reports Consolidated Earnings Results for the First Quarter Ended April 25, 2015; Provides Earnings Guidance for the Year 2015
May 28 15
Flowers Foods, Inc. reported consolidated earnings results for the first quarter ended April 25, 2015. For the quarter, the company reported sales of $1,146,045,000 compared to $1,153,917,000 a year ago. Income from operations (EBIT) was $96,538,000 compared to $98,201,000 a year ago. Income before income taxes (EBT) was $94,956,000 compared to $95,029,000 a year ago. Net income was $61,389,000 or $0.29 per diluted share compared to $61,066,000 or $0.29 per diluted share a year ago. EBITDA was $136,355,000 compared to $137,493,000 a year ago. Net cash provided by operating activities was $118,423,000 and purchase of property, plant and equipment was $19,983,000.
The company continues to expect 52-week fiscal 2015 sales of $3.786 billion to $3.861 billion and earnings per share of $0.96 to $1.01. Capital expenditures are anticipated to be in the range of $85.0 million to $95.0 million.
Investors Reportedly Mulls Acquisition Of Hostess Brands
May 28 15
Post Holdings, Inc. (NYSE:POST) reportedly is seeking acquisition of Hostess Brands, LLC from Apollo Global Management, LLC and C. Dean Metropoulos & Co. “Post Holdings is among several bidders seeking to acquire Hostess Brands Inc. for roughly $2 billion,” a source close to the situation told the New York Post. Other reported bidders include Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A), Flowers Foods, Inc. (NYSE:FLO)and ARYZTA AG (SWX:ARYN), the sources told the newspaper. Representatives from Post Holdings, Flowers Foods and Grupo Bimbo didn't respond with comments for the newspaper's report.