AIPC: Reports Fiscal Year 2009 Results

Kansas City / MO. (aipc) American Italian Pasta Company (AIPC), the largest producer of dry pasta in North America, announced 2009 net income of 88,3 million USD or 4,10 USD per diluted share compared with 2008 net income of 19,1 million USD or 0,99 USD per diluted share. The company reported fourth quarter 2009 net income of 15,8 million USD or 0,73 USD per diluted share compared with fourth quarter 2008 net income of 7,3 million USD or 0,36 USD per diluted share.

The fourth quarters of fiscal year 2009 and fiscal year 2008 contained 13 weeks of operations. Fiscal year 2009 contained 53 weeks of operations compared to 52 weeks of operations for fiscal year 2008. The Company reports on a 52/53-week basis with the extra week occurring approximately every six years. Fiscal year 2009 was a 53-week year that ended on October 02, 2009. Fiscal year 2008 was a 52-week year that ended on September 26, 2008. Therefore, all year-over-year comparisons reflect a 53-week period for fiscal 2009 and a 52-week period for fiscal 2008.

«We are very proud both of our financial results for the year and the continued dedication and hard work of our employees that created these strong financial results», said Jack Kelly, President and CEO. «Our ability to grow our market share while simultaneously making significant improvements in our key indicators of financial strength, such as gross profit margin, net income, operating cash flow, net debt, and EBITDA, is a reflection that our strategic decision to pursue long term profitable growth by focusing on customer brands and on our strongest proprietary brands was the right decision».

Info: American Italian Pasta Company Reports Fiscal Year 2009 Results – complete press release (PDF, five pages, 27 KB).