Company Overview of Michael Foods, Inc.
Michael Foods, Inc. processes and distributes food products for customers in the United States and internationally. The company offers organic and cage free eggs, potatoes, refrigerated grocery products, and French toast for commercial restaurants, convenience stores, lodging and recreation, business and industry, k-12 schools, college and university, healthcare, and military sectors. It also provides patties, omelets, scrambled, extended shelf life eggs, low/no products, quiche mix, frittatas, refrigerated potatoes, organic/cage free certified eggs, liquid and frozen eggs, and dried eggs for bakery, dry mixes, confectionary, sauces and dressings, prepared food, pasta, dairy, beverages, and ...
301 Carlson Parkway
Minnetonka, MN 55305
Founded in 1908
Key Executives for Michael Foods, Inc.
Chairman, Chief Executive Officer and President
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Senior Vice President of Operations and Supply Chain
President of Crystal Farms Division
Vice President and General Counsel
Compensation as of Fiscal Year 2015.
Michael Foods, Inc. Key Developments
Michael Foods Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2014
Nov 24 14
Michael Foods reported unaudited earnings results for the fourth quarter and full year ended September 30, 2014. Net sales (including intersegment sales) were $534.3 million for the fourth quarter, and on a comparable basis, were up 9.7%, or $47.4 million, over the same period in 2013, with volume up 8.0%. Profit and adjusted EBITDA were $29.9 million and $64.9 million, respectively. Profit for the fourth quarter was negatively impacted by an inventory adjustment of $1.1 million resulting from acquisition accounting.
For the year 2014, net sales (including intersegment sales) were $684.8 million. Profit and adjusted EBITDA for the fiscal year were $17.4 million and $79.5 million, respectively. Profit for the fiscal year was negatively impacted by an inventory adjustment of $16.9 million resulting from acquisition accounting.
Michael Foods Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2014
May 8 14
Michael Foods Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2014. For the quarter, the company reported net sales of $474,039,000 compared to $484,271,000 a year ago. Operating profit was $24,475,000 compared to $43,940,000 a year ago. Earnings before income taxes and equity in losses of unconsolidated subsidiary were $2,741,000 compared to $21,740,000 a year ago.
Net earnings were $1,694,000 compared to $14,243,000 a year ago. Earnings before interest, taxes, depreciation, amortization and other adjustments were $48.2 million, compared to $67.2 million in 2013.
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