This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Armanino Foods Of Distinction, Inc. Announces Record Sales And Profits For The Fourth Quarter And The Year 2012

Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) today reported record sales and profits for the fourth quarter and for the year ended December 31, 2012.

Net sales in the fourth quarter were $7,089,753, reflecting an increase of 19% from the $5,981,843 posted in 2011’s fourth quarter. Pre-tax profit from continuing operations for the same period in 2012 was $908,676 compared to 2011’s fourth quarter profit of $644,063, an increase of 41%. Net income for the fourth quarter of 2012 reached $657,260 comparing favorably to 2011’s fourth quarter net income of $487,434, an increase of 35%. Earnings per share for the fourth quarter of 2012 were $0.020 compared to $0.015 in 2011, an increase of 33%. All fourth quarter 2012 results described above are records.

For the twelve months ended December 31, 2012 sales were $27,960,113 up 13% from the $24,834,623 reported in calendar year 2011. Income from continuing operations before taxes rose 21%, from $3,743,460 a year ago to $4,544,584 in 2012. Net income for the year ended December 31, 2011 amounted to $2,391,566 compared to $2,888,663 in 2012, an increase of 21%. Basic income per common share for 2012 amounted to $0.090 versus $0.071 in 2011, an increase of 27%. All annual 2012 numbers reported above are new records for the fourth year in a row.

Edmond J. Pera, President and CEO stated, “We are extremely gratified with our results this year as all sales and earnings for the 2012 quarters exceeded the comparable periods a year ago.”

Pera continued, “The severe drought in most of the United States during 2012 has resulted in higher costs for many of our raw material ingredients. These conditions caused us to institute a price increase on some of our core products effective in January 2013, the first in almost two years. We believe that our ability to hold prices down during this time period allowed us to continue to gain market share. We do not believe that our current price increase will materially affect sales, but will allow us to maintain our margins.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs