Cal-Maine Foods(US:CALM)2019-11-18 17:45Company Profile - Cal-Maine Foods is the largest producer and marketer of shell eggs in the United States with 19% of the U S fresh shell egg market share in FY 2019[3] - The company has completed 22 acquisitions since 1989[3] Financial Performance - Fiscal Year 2019 sales reached $1.4 billion[38] - Fiscal Year 2019 EBITDA was $118 million, down from $168 million in 2018[38] - As of August 31, 2019, the company's total debt was $2.3 million[38] Market and Operations - Retail accounts for 90% of Cal-Maine's customers in Fiscal Year 2019[10] - The top 10 customers accounted for 69.8% of total sales in Fiscal Year 2019[11] - Company-owned facilities account for 91% of egg production[7] Growth and Strategy - Specialty egg sales represented 22.2% of dozens sold and 44.9% of sales revenue through Q1 FY 2020[29] - The company is investing over $300 million to expand and upgrade facilities for cage-free production[34] - Cal-Maine Foods and Rose Acre Farms entered a production joint venture to build a cage-free shell egg production complex near Bogata, Red River County, Texas, which provides for capacity of approximately 1.8 million laying hens, with permits for up to 2.9 million hens[26]