Penford Reports Financial Results
Penford Corporation (Nasdaq:PENX), a leader in renewable, natural-based ingredient systems for industrial and food applications, today reported that consolidated sales for the quarter ended May 31, 2010 were $61.9 million compared with $61.3 million a year ago. Diluted loss per share, including discontinued operations, was $0.51. Net loss from continuing operations was $5.8 million, or $0.49 per diluted share, compared to a net loss of $4.3 million, or $0.39 per diluted share last year. A table summarizing third quarter results from continuing operations is shown below:
|Penford Corporation – Financial Highlights||Quarter Ended|
|(In thousands except per share data)||5/31/10||5/31/09||% Change|
|Net Loss from continuing operations||(5,758||)||(4,343||)||(33||)%|
|Diluted loss per share – continuing operations||$||(0.49||)||$||(0.39||)||26||%|
|Diluted loss per share – discontinued operations||$||(0.02||)||$||(0.27||)||93||%|
|Diluted loss per share||$||(0.51||)||$||(0.66||)||23||%|
|(1) Includes $1.1 million of net insurance recoveries in the quarter ended 5/31/09|
Third Fiscal Quarter Consolidated Financial Results
Food Ingredients Third Quarter Results
Industrial Ingredients Third Quarter Results
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