Company Overview of Gruma Corporation
Gruma Corporation produces and distributes tortillas and corn flour in the United States and Europe. It offers corn and wheat tortillas and tortilla chips. The company also distributes complementary base products such as sauces and dips. It serves institutional clients, including fast food chains, casual dining, wholesalers, and supermarkets. The company was founded in 1977 and is based in Irving, Texas with production plants in Edinburg, Plainview, and Amarillo, Texas; Evansville, Indiana; Henderson, Kentucky; Madera, California; and Coventry, United Kingdom. Gruma Corporation operates as a subsidiary of Gruma S.A.B. de CV.
1159 Cottonwood Lane
Irving, TX 75038
Founded in 1977
Key Executives for Gruma Corporation
President of Gruma Centro América
Chief Operating Officer of Gruma´s Mexican Operations and Member of the Executive Board
Chief Corporate Officer, Senior Corporate Controller, Member of the Executive Board and Director
Compensation as of Fiscal Year 2014.
Gruma Corporation Key Developments
Gruma Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Oct 22 14
Gruma Corporation reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of MXN 7,617 million compared to MXN 7,424 million, operating income of MXN 718 million compared to MXN 615 million, and EBITDA of MXN 965 million compared to MXN 882 million for the last year.
For the nine months, the company reported net sales of MXN 22,278 million compared to MXN 22,074 million, operating income of MXN 2,079 million compared to MXN 1,729 million, and EBITDA of MXN 2,840 million compared to MXN 2,530 million for the last year.
Gruma Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 23 14
Gruma Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of MXN 7,199 million compared to MXN 7,254 million, operating income of MXN 663 million compared to MXN 556 million, EBITDA of MXN 912 million compared to MXN 823 million for the last year. The decrease sales were due to the aforementioned sales volume decline and price reductions at the corn flour business in connection with lower corn costs.
For the six months, the company reported net sales of MXN 14,202 million compared to MXN 14,190 million, operating income of MXN 1,317 million compared to MXN 1,079 million, EBITDA of MXN 1,816 million compared to MXN 1,596 million for the last year.
Gruma Corporation Reports Earnings and Operating Results for the First Quarter Ended March 31, 2014
Apr 23 14
Gruma Corporation reported earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales MXN 7,030 million against MXN 6,964 million a year ago. Operating income was MXN 657 million against MXN 525 million a year ago. EBITDA was MXN 908 million against MXN 776 million a year ago. Net sales rose 1%, resulting from the positive effect of the change in the sales mix toward higher price per unit products and segments; lower allowances in connection with ongoing strategic efforts to better manage allowance trade spending; and the change in the sales mix away from corn, as sales of corn in Europe, a low price product segment, declined significantly. These positive effects were partially offset by price reductions at the corn flour business in connection with lower corn costs.
The company also reported sales volume was 402 metric tons against 404 metric tons a year ago.
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