October 01, 2016 8:58 AM ET

Food Products

Company Overview of Michael Foods, Inc.

Company Overview

Michael Foods, Inc. processes and distributes food products. The company offers food service products, including egg products, refrigerated grocery, potato products, organic and cage free eggs, and French toasts for commercial restaurants, convenience stores, K-12 schools, and colleges and universities, as well as for lodging and recreation, business and industry, healthcare, and military customers; and food ingredients, including whole egg products, precooked egg white products, SSL liquid/frozen/dried eggs, ESL liquid eggs, organic and cage free egg products, hard-cooked eggs, custom-developed egg products, pre-cooked eggs, and French toasts for bakery, dry mixes, confectionary, sauces and...

301 Carlson Parkway

Suite 400

Minnetonka, MN 55305

United States

Founded in 1908

3,513 Employees

Phone:

952-258-4000

Fax:

952-258-4911

Key Executives for Michael Foods, Inc.

Chairman, Chief Executive Officer and President
Age: 57
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 50
Senior Vice President of Operations and Supply Chain
Age: 59
President of Crystal Farms Division
Age: 55
Vice President and General Counsel
Age: 58
Compensation as of Fiscal Year 2016.

Michael Foods, Inc. Key Developments

Michael Foods Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2014

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 1, 2016
National Pasteurized Eggs, Inc.
 

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