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HAWKINS, INC. TO RELEASE FOURTH QUARTER AND FISCAL 2025 FINANCIAL RESULTS ON MAY 14, 2025
Globenewswire· 2025-04-30 13:00
Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota [2] - The company operates 63 facilities across 28 states and employs approximately 1,100 people [2] - In fiscal 2024, Hawkins, Inc. generated $919 million in revenue [2] Financial Results Announcement - Hawkins, Inc. is set to release its financial results for the fourth quarter and fiscal year ended March 30, 2025, after market close on May 14, 2025, at approximately 4:10 p.m. Eastern Time [1]
Above Food Ingredients Inc. Files Interim Financial Statements
Newsfile· 2025-04-25 19:36
Core Viewpoint - Above Food Ingredients Inc. is taking significant steps to comply with Nasdaq listing requirements and is undergoing a strategic transformation towards higher-margin sectors, including Agri-Tech and Fin-Tech, following recent acquisitions that enhance profitability and market reach [1][2][4][5]. Financial Compliance and Reporting - The company will file its interim balance sheet and income statement for the period ended July 31, 2024, on April 28, 2025, to comply with Nasdaq Listing Rule 5250(c)(2) [1][6]. - The only remaining compliance issue is the closing bid price of the company's securities, which is below $1 per share [6]. Strategic Acquisitions - Above Food acquired The Redwood Group LLC in August 2024, which has positively impacted the company's profitability [3]. - The acquisition of Palm Global Technologies Inc. is expected to significantly enhance the company's revenue run-rate, currently at approximately $200 million CAD, and improve profitability [5]. Corporate Transformation - The company has undergone substantial restructuring, eliminating most of its corporate debt and transitioning its operations into profitability [4]. - The strategic focus on Agri-Tech, Fin-Tech, Ed-Tech, and Asset Tokenization is aimed at expanding the company's market presence in regions such as Latin America, Africa, and Asia [5][8]. Company Overview - Above Food Ingredients Inc. is dedicated to producing nutritious food products with a focus on transparency and sustainability, leveraging advanced technologies in agriculture and processing [7]. - Palm Global is recognized for its innovative solutions in financial inclusion and agri-tech, utilizing AI and blockchain technologies to empower farmers and enhance food security [8].
Sensient(SXT) - 2025 Q1 - Earnings Call Transcript
2025-04-25 16:36
Sensient Technologies Corporation (NYSE:SXT) Q1 2025 Earnings Conference Call April 25, 2025 9:30 AM ET Company Participants Tobin Tornehl - Vice President and Chief Financial Officer Paul Manning - Chairman, President and Chief Executive Officer Conference Call Participants Ghansham Panjabi - Baird Nicola Tang - BNP Paribas David Green - Boldhaven Operator Good morning, everyone, and welcome to the Sensient Technologies Corporation 2025 First Quarter Earnings Conference Call. All participants will be in li ...
Earnings Preview: MGP (MGPI) Q1 Earnings Expected to Decline
ZACKS· 2025-04-24 15:08
Wall Street expects a year-over-year decline in earnings on lower revenues when MGP (MGPI) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. On the other han ...
Above Food Ingredients Appeal Staff Determination Notice from Nasdaq
Newsfile· 2025-04-23 00:30
Core Viewpoint - Above Food Ingredients Inc. is actively addressing compliance issues with Nasdaq and is optimistic about regaining compliance ahead of the scheduled hearing on May 22, 2025 [1][2]. Group 1: Compliance Issues - The company received a notice on October 10, 2024, indicating non-compliance with Nasdaq's minimum bid price requirement, as its closing bid price was below $1.00 per share for 30 consecutive business days [2]. - The company has requested a hearing and an extended stay in response to a staff determination notice received on April 14, 2025, and is confident in meeting compliance requirements before the hearing [1][2]. Group 2: Financial Restructuring - A significant restructuring announced on March 20, 2025, has improved the company's financial position by eliminating most corporate debt and advancing towards operational profitability [2]. - The successful closing of the Palm transaction, first announced on February 6, 2025, is expected to materially enhance shareholder value [2]. Group 3: Reporting Compliance - Due to the restructuring, the company has not yet filed its interim balance sheet and income statement for the period ended July 31, 2024, which is a violation of Listing Rule 5250(c)(2) [3]. - The company plans to remedy this deficiency by filing the required Form 6-K before April 30, 2025, ahead of the hearing date [3]. Group 4: Company Overview - Above Food Ingredients Inc. is an ingredient company focused on delivering nutritious products made with real ingredients, emphasizing transparency and sustainability [4]. - The company aims to create a healthier world through its operations in primary agriculture and processing, leveraging artificial intelligence-driven genomics and agronomy [4].
BranchOut and MicroDried Partner to Expand Dried Ingredient Market
Prism Media Wire· 2025-03-19 15:30
Core Viewpoint - BranchOut Food Inc. has partnered with MicroDried to enhance the dried ingredient market, leveraging innovative technology and large-scale production capabilities to meet growing demand [2]. Company Overview - BranchOut Food Inc. specializes in next-generation dehydration technology known as GentleDry [2]. - MicroDried is recognized as a leading provider of premium dried fruit and vegetable ingredients [2]. Financial Highlights - For the three months ended May 31, 2024, BranchOut reported net sales of $45.031 million, an increase from $43.603 million in the same period of 2023 [1]. - Gross profit for the same period was $2.454 million, up from $1.777 million year-over-year [1]. - Net income for the three months was $330,837, compared to $53,406 in the previous year [1]. Market Potential - The collaboration is expected to generate $5-6 million in annual ingredient sales, indicating significant growth potential in the dried ingredient market, valued at $36 billion [2]. - The partnership allows MicroDried to expand its product offerings with GentleDry processed ingredients, catering to the demand for high-quality, clean-label solutions in the food and beverage sector [2]. Strategic Implications - The agreement signifies BranchOut's strategic expansion into the industrial ingredient market, complementing its existing retail and private label divisions [2].
Ingredion (INGR) Update / Briefing Transcript
2024-11-14 13:00
Ingredion (INGR) Update / Briefing November 14, 2024 07:00 AM ET Speaker0Are you ready for some texture? Good morning. My name is Noah Weiss, VP of Investor Relations for Ingredion, and welcome to our Bridgewater Innovation Center. And for those of you joining us online, welcome as well. Before we get too far into the presentations, we have some forward looking statements that we're going be making today that are covered by our safe harbor provisions.Just take a moment to take a look at this. We've got a gr ...