Armanino Foods of Distinction, Inc. Reports the Highest First Quarter Profits in Company’s History
ARMANINO FOODS DIST INC (AMNF)
NASDAQ:AMEX Investor Relations:
armaninofoods.com/press_releases.php
Company Research
Source: Business Wire
HAYWARD, Calif.--(BUSINESS WIRE)--Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported its highest quarterly profits ever for the first quarter ending March 31, 2024. Armanino continued its profitability streak for the 83rd quarter in a row.Net sales for the first quarter of 2024 were $15,720,317 compared to $16,351,866 for the same period last year, a decrease of 4%. Income before taxes for Q1 2024 was $3,116,504 compared to $2,561,406 for the same quarter in 2023, an increase of 22%. Net income for this period was $2,318,683 (or $.0723 per share), compared to $1,902,069 (or $.0598 per share) for the same quarter a year ago, an increase of 22%.Working capital at March 31, 2024 decreased to 21,016,577, from $23,481,237 on December 31, 2023, a decrease of 11%. Total current assets increased by approximately $1.2M, or 3%, from $35.6M at the end of Q4 2023 to $36.9M at the end of Q1 this year due to the continued strength of profits as well as the impact of record-breaking p
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News
- Armanino Foods of Distinction, Inc. Reports the Highest First Quarter Profits in Company's History [Yahoo! Finance]Yahoo! Finance
- Armanino Foods of Distinction, Inc. to Increase Its Regular Quarterly Dividend by 10% to $.0363, as Well as Issue a Special Dividend of $.10 Per ShareBusiness Wire
- Armanino Foods of Distinction, Inc. Reports Highest Sales and Profits Ever for the Fourth Quarter and Fiscal Year End [Yahoo! Finance]Yahoo! Finance
- Armanino Foods of Distinction, Inc. Reports Highest Sales and Profits Ever for the Fourth Quarter and Fiscal Year EndBusiness Wire