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March 27, 2015 4:55 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Homeland Energy Solutions LLC

Company Overview

Homeland Energy Solutions, LLC produces ethanol, distiller grains, and corn oil in the United States. It produces ethanol, an fuel component made primarily from corn and various other grains for use as an octane enhancer in fuels, an oxygenated fuel additive, and a non-petroleum-based gasoline substitute. The company also offers distiller’s grains, an animal feed supplement primarily for the dairy and beef industry. In addition, it provides corn oil for use as animal feed; for industrial applications; and for use in biodiesel production. The company markets and distributes its products through professional third party marketers. Homeland Energy Solutions, LLC was founded in 2005 and is based...

2779 Highway 24

Lawler, IA 52154

United States

Founded in 2005

46 Employees

Phone:

563-238-5555

Key Executives for Homeland Energy Solutions LLC

Chairman, Chief Executive Officer, President, Member of Audit Committee and Member of Executive Compensation Committee
Age: 60
Chief Financial Officer and Treasurer
Age: 39
Chief Operating Officer and Director
Age: 43
Secretary, Director and Chairman of Audit Committee
Age: 36
Compensation as of Fiscal Year 2014.

Homeland Energy Solutions LLC Key Developments

Homeland Energy Solutions, LLC Announces Executive Changes

On November 24, 2014, Walter Wendland ceased serving as President and Chief Executive Officer of Homeland Energy Solutions, LLC. Patrick Boyle was appointed by the company's board of directors to serve as the company's President and Chief Executive Officer as of November 24, 2014. Mr. Boyle also serves as Chairman of the company's Board of Directors. Mr. Boyle will serve as the company's President and Chief Executive Officer until his earlier resignation or removal from office. Patrick Boyle has served as a director of the company since it's inception. In addition to his service to the company, Mr. Boyle serves as the Business Development Manager for Hawkeye REC. Mr. Boyle serves on many local and state boards.

Homeland Energy Solutions LLC Announces Earnings Results for the Year of 2013

Homeland Energy Solutions LLC announced earnings results for the year of 2013. For the year, the company's revenue was $400,211,785 compared to $369,242,777 for the same period last year. Operating income was $28,073,153 compared to $419,143 for the same period last year. Net income was $28,233,908 or $359.48 per unit compared to net income of $494,465 or $5.47 for the same period last year.

Homeland Energy Solutions LLC Announces Election of Directors

Homeland Energy Solutions LLC held its 2014 annual members meeting on April 8, 2014, for the purpose of electing two directors to board of directors. Randy Bruess and Mathew Driscoll were elected for three year terms until 2017 annual meeting.

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