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Tag Archives: Cal-Maine

Cal-Maine profits take major hit thanks to lingering effects of flu

By JACK WEATHERLY Cal-Maine Foods dodged the avian flu outbreak that reduced the nation’s egg production in 2015 by 10 percent. Yet the Jackson-based firm, the largest producer of shell eggs in the United States, continues to deal with the ripples caused by the influenza Net sales for the company’s second fiscal quarter, which ended Nov. 26, were $253.5 million, ...

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Cal-Maine plans to buy Florida-based egg producer

MBJ Staff Jackson-based Cal-Maine Foods, Inc. announced it has signed a letter of intent to acquire substantially all of the assets of Foodonics International Inc. and its related entities doing business as Dixie Egg Co. The assets to be acquired include commercial egg production and processing facilities with capacity for approximately 1.6 million laying hens and related feed production, milling ...

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Cal-Maine 4th quarter sales down 24.8 pct.; net loss $376,000

By JACK WEATHERLY Cal-Maine Foods Inc.’s sales for the fourth quarter of fiscal 2016 were $303 million, a 24.8 percent decrease compared with $403.0 million for the fourth quarter of fiscal 2015. The company reported a net loss of $376,000, or 1 cent per share, for the fourth quarter of fiscal 2016, compared with net income of $46.1 million, or 95 cents ...

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Cal-Maine shares soar on earnings report

By JACK WEATHERLY Shares of Jackson-based Cal-Maine Foods Inc., the nation’s largest in-shell eggs producer, skyrocketed on Monday after the company reported exceptional earnings for its third fiscal quarter. Net income was $64.2 million, or $1.33 per share, for the third quarter of fiscal 2016, ending Feb. 27, compared with $50.9 million, or $1.06 per share, for the year-earlier quarter. Earnings per share ...

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Analysis: Cal-Maine ranks at top of public firms in state

By JACK WEATHERLY  Cal-Maine Foods is the top-ranking public company based in Mississippi, according to an analysis by SmartAsset.com The nation’s largest producer of in-shell eggs registered a 19.82 percent average annual return from 2010 through March 31 of this year, SmartAsset reported. It’s return was actually not as high as Callon Petroleum’s 33.07 percent, but its stock performance index ...

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Cal-Maine spared in flu outbreak — as shares soar

  By JACK WEATHERLY Cal-Maine Foods thus far has been unscathed in the outbreak of avian flu, which has forced egg producers in the Midwest to kill and dispose of millions of laying hens, said the Jackson-based company’s chief financial officer, Tim Dawson. Meantime, Cal-Maine has benefited from the outbreak. Its shares have risen from $38.38 on March 20, the ...

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Cal-Maine, DOJ announce settlement of water pollution issue

EDWARDS — Mississippi-based egg producer Cal-Maine will bring a facility in Edwards into compliance with its state-issued water discharge permit. The settlement was announced Monday by the company and the Department of Justice. The Justice Department says in a news release that Cal-Maine will pay a $475,000 penalty to be split evenly between the U.S. and Mississippi. Cal-Maine had been ...

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Cal-Maine income skyrockets as prices rise and costs shrink

By JACK WEATHERLY Net income for Jackson-based Cal-Maine Foods — the nation’s largest producer of eggs — rose in the third fiscal quarter to $50.9 million, its second-biggest quarter ever. Earnings per share were $1.05, compared with 89 cents a year earlier on $42.9 million in net income. Net sales were up 10.6 percent for the quarter, which ended Feb. ...

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Cal-Maine presentation set for UBS conference

Jackson-based Cal-Maine Foods Inc. will participate in the UBS Global Consumer Conference March 4-5 at the Four Seasons Hotel in Boston, the company said in a release on Wednesday. The investor presentation by Dolph Baker, chairman, president and chief executive officer, and Tim Dawson, vice president and chief financial officer, will begin at approximately 1:15 p.m. Central Time  on March 4 ...

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Cal-Maine Foods, Inc. reports second quarter fiscal 2015 results

JACKSON — Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced results for the second quarter and six months ended November 29, 2014. Net sales for the second quarter of fiscal 2015 were $378.6 million, a 6.9 percent increase compared with net sales of $354.3 million for the second quarter of fiscal 2014. The Company reported net income of $36.6 million, or $0.76 per basic ...

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