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Last $9.49 USD
Change Today +0.02 / 0.21%
Volume 1.0M
BDBD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

boulder brands inc (BDBD) Snapshot

Open
$9.48
Previous Close
$9.47
Day High
$9.61
Day Low
$9.42
52 Week High
05/5/14 - $15.61
52 Week Low
10/27/14 - $7.77
Market Cap
581.5M
Average Volume 10 Days
540.9K
EPS TTM
$-0.40
Shares Outstanding
61.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BOULDER BRANDS INC (BDBD)

boulder brands inc (BDBD) Details

Boulder Brands Inc. provides health and wellness food solutions in the United States and Canada. The company operates in two segments, Natural and Balance. The Natural segment provides gluten free bread and baked goods, and frozen pizza and granola under the Udi's brand name; shelf stable and frozen gluten free products, including snack foods, frozen baked goods, and baking mixes under the Glutino brand name; and burritos, meals, and quesadillas under the EVOL brand name. The Balance segment offers buttery spreads, buttery sticks, nut butters, vegan snack items, and vegan mayo dressings under the Earth Balance brand name; spreadable butters, enhanced milks, peanut butter spreads, cooking oils and sprays, popcorn, and light mayonnaise dressing products under the Smart Balance brand name; and diabetic-friendly food products, including glucose gels, bars, shakes, and decadent snacks under the Level Life brand name. This segment also operates a health and wellness subscription-based Website at thebestlife.com. Boulder Brands Inc. sells its products through retail channels, including natural, grocery, club, and mass merchandise, as well as foodservice and industrial channels. The company was formerly known as Smart Balance, Inc. and changed its name to Boulder Brands Inc. in December 2012. Boulder Brands Inc. is headquartered in Boulder, Colorado.

900 Employees
Last Reported Date: 02/26/15

boulder brands inc (BDBD) Top Compensated Officers

Co-Founder, Chief Executive Officer and Execu...
Total Annual Compensation: $900.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $400.0K
Chief Operating Officer, Director and Member ...
Total Annual Compensation: $1.1M
Executive Vice President of Natural Brands an...
Total Annual Compensation: $325.0K
Executive Vice President of Balance Brands an...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

boulder brands inc (BDBD) Key Developments

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Boulder Brands, Inc in the United States District Court for the District of Colorado

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the District of Colorado on behalf of purchasers of Boulder Brands, Inc. common stock during the period between December 23, 2013 and October 22, 2014 (the class period). The complaint charges Boulder and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that during the class period, defendants issued materially false and misleading statements and/or failed to disclose adverse facts concerning the company’s business and prospects. Specifically, defendants failed to disclose that the company was having problems with its inventory management and the integration of recent acquisitions, and that the company’s ongoing mix shift to lower margin products made its previously announced margin improvements unattainable. Plaintiff seeks to recover damages on behalf of all purchasers of Boulder common stock during the class period (the class). The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Boulder Brands, Inc. Announces Executive Changes

On March 18, 2015, the Board of Directors of Boulder Brands, Inc. determined to separate the roles of Chairman of the Board and Chief Executive Officer of the company and appointed R. Dean Hollis to serve as non-executive Chairman of the Board, effective March 18, 2015. Stephen B. Hughes will continue to serve as the company’s Chief Executive Officer.

Boulder Brands, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Boulder Brands, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $128,566,000 against $125,504,000 a year ago. Operating income was $8,288,000 against $13,061,000 a year ago. Income before income taxes was $3,972,000 against $9,018,000 a year ago. Net income was $1,777,000 against $4,869,000 a year ago. Net income attributable to the common stockholders was $1,821,000 against $4,949,000 a year ago. Diluted earnings per share attributable to the common shareholders were $0.03 against $0.08 a year ago. Adjusted EBITDA decreased 22.2% to $17.7 million. Non-GAAP operating income was $10.0 million against $16.1 million a year ago. Non-GAAP excluding certain items net income was $3.1 million against $6.7 million a year ago. Non-GAAP excluding certain items diluted EPS were $0.05 against $0.11 a year ago. Operating cash flow was a source of $19.5 million, and invested $2.5 million in capital expenditures, resulting in positive free cash flow of $17 million. Capital spending in the quarter was primarily related to the Denver manufacturing facility. For the year, the company reported net sales of $516,631,000 against $461,338,000 a year ago. Operating loss was $115,971,000 against operating income of $44,881,000 a year ago. Loss before income taxes was $134,907,000 against income before income taxes of $19,037,000 a year ago. Net loss was $127,270,000 against net income of $10,287,000 a year ago. Net loss attributable to the common stockholders was $127,076,000 against income of $10,426,000 a year ago. Diluted loss per share attributable to the common shareholders was $2.09 against EPS of $0.17 a year ago. Net cash provided by operating activities was $19,129,000 against $33,584,000 a year ago. Purchase of investments was $3,000,000 against $8,751,000 a year ago. Purchase of property and equipment was $11,767,000 against $24,079,000 a year ago. For teh year 2015, the company expects net sales to be in the range of $550 million to $560 million. The company continues to expect adjusted EBITDA to be in the range of $78 million to $82 million and earnings per share to be in the range of $0.25 to $0.29. The company provided the following updates regarding its outlook for 2015: The company expects overall net sales growth to be in the range of approximately 6% to 8%, as the Natural Segment is expected to grow approximately 13% and the Balance Segment is expected to decline approximately 2%. Capital expenditures are expected to be approximately $20 million. The company's tax rate is estimated to be approximately 40% in 2015. The company is increasing its gross profit margin outlook to reflect the improved pricing environment for egg whites. As a result, gross margin is expected to be approximately 38%. Total depreciation and amortization is expected to be approximately $24 million. Interest expense is estimated to be $17 million.

 

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TEV/Sales 0.5x
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