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Armanino Foods Releases First Annual Letter to Shareholders
Accessnewswire· 2026-01-06 13:31
Core Insights - Armanino enters 2026 from a position of strength, having delivered record-setting performance in 2025 while maintaining strong margins, consistent cash generation, and a debt-free balance sheet [2][5][18] - The company is the leading foodservice pesto supplier in the U.S., benefiting from scale, brand trust, and operational expertise, which allows for responsible growth and market expansion [3][4] Financial Performance - Armanino expects to close 2025 with record full-year revenue and gross margin, driven by strong demand and operational leverage [5] - The company completed its BRC audit with an AA rating, reinforcing its commitment to quality and operational excellence [5] Growth Strategy - The growth strategy is anchored in three core pillars: strengthening the U.S. foodservice business, unlocking Tier-1 Quick Service Restaurant (QSR) opportunities, and advancing international growth, particularly in Asia [6][7][8][9] - The company aims to deepen customer relationships and expand its portfolio with complementary sauces, enhancing its position as a strategic partner [7] Leadership and Operational Excellence - Armanino has strengthened its leadership team to enhance execution and financial stewardship, appointing key executives with extensive experience in the food industry [12][13][14] - Investments in automation, equipment upgrades, and technology are prioritized to improve efficiency and scalability, ensuring the manufacturing footprint supports future growth [15][16] 2026 Outlook - As Armanino transitions to accelerated execution in 2026, the focus will be on expanding global distribution of core products and increasing adoption of secondary sauces [17][18] - The company is well-positioned to scale profitably while preserving its financial characteristics, aiming to compound shareholder value through consistent execution and strong cash generation [18]
Armanino Foods Appoints Andrew Leonard as Chief Financial Officer
Accessnewswire· 2025-12-17 13:31
Core Insights - Armanino Foods of Distinction, Inc. has appointed Andrew Leonard as Chief Financial Officer, effective January 5, 2026, to support the company's growth phase [1][5] Company Overview - Armanino Foods is a leading producer and marketer of premium frozen Italian and specialty foods, serving retail, foodservice, and industrial customers across North America and select international markets [6] - The company is known for its top-selling Basil Pesto and offers a variety of sauces and stuffed pasta dishes, produced in a facility with rigorous quality systems [6] Leadership Experience - Andrew Leonard has over 25 years of experience in operational and strategic finance, capital markets, and mergers & acquisitions [2] - Prior to joining Armanino, Leonard served as Vice President of Finance for Pallidus, where he established financial frameworks to support growth [3] - He has held senior finance leadership roles at Hewlett Packard Enterprise, culminating in Vice President of Finance & Business Unit CFO [3] Strategic Importance - Leonard's combination of operational finance leadership and capital markets expertise is seen as crucial for Armanino's current growth trajectory [5] - The CEO of Armanino emphasized that Leonard's experience in manufacturing and public-company finance will strengthen the leadership team as they execute their long-term value creation strategy [5] - Leonard expressed enthusiasm about joining Armanino, highlighting the company's strong market position and disciplined operating model as a foundation for future growth [5]
Armanino Foods Announces Fourth Quarter 2025 Dividend
Accessnewswire· 2025-12-08 13:31
Core Viewpoint - Armanino Foods of Distinction, Inc. has announced a quarterly cash dividend of $0.05 per share for the fourth quarter of 2025, maintaining the previous quarter's all-time high payment [1][2]. Financial Performance - The dividend will be paid on or around January 30, 2026, to shareholders of record as of January 16, 2026 [2]. - The company continues to demonstrate reliable performance while investing for future growth [2]. Business Strategy - The Board of Directors expresses confidence in the company's strategy, highlighting progress in operations, customer acquisition, and market expansion [2]. - The CEO notes strong demand for the core pesto portfolio and growth in incremental sauces, international expansion, and national account opportunities [2]. Operational Excellence - Armanino Foods is focused on building a scalable company through investments in automation, capacity, and talent [2]. - The company aims to drive sustainable growth and deliver long-term value to shareholders [2]. Company Overview - Armanino Foods is a leading producer and marketer of premium frozen Italian and specialty foods, serving retail, foodservice, and industrial customers across North America and select international markets [3]. - The company is best known for its top-selling Basil Pesto and offers a wide variety of sauces and stuffed pasta dishes, produced in a facility with rigorous quality standards [3].