Cal-Maine Foods(US:CALM)2025-07-22 20:00Company Overview - Cal-Maine Foods is the 1 U S producer and distributor of fresh eggs [7] - The company's mission is to be the most sustainable producer and reliable supplier of fresh eggs, egg products, and prepared foods in the United States [10, 126] - Cal-Maine Foods operates with a fully integrated operation, processing approximately 81 million eggs per hour [22, 23] - Cal-Maine Foods has acquired 26 companies through July 22, 2025 [43, 46] Financial Performance and Strategy - Cal-Maine Foods' financial strategy prioritizes operational efficiency, a strong balance sheet, and disciplined capital allocation [30] - The company has a variable dividend policy, allocating one-third (1/3) of net income to shareholders [40, 140] - Cal-Maine Foods has paid over $796 million in total dividends as of FY25 [40] - The company's average dividends declared or paid for FY2025 is $326 per share [40] - Cal-Maine Foods' adjusted EBITDA margin for FY25 is 400% [136] Market Dynamics and Growth - 97% of U S households purchase eggs [12] - Cal-Maine Foods' largest customer accounts for 34% of revenue as of FY25 [81] - Approximately 27% of U S households are expected to be in states with cage-free mandates by 2030 [102]