Kansas City / MO. (aipc) American Italian Pasta Company (AIPC) announced results for its first quarter of fiscal year 2009, which ended January 02, 2009. The Q1/2009 contained 14 weeks, one week longer than the Company´s comparative first quarter of fiscal year 2008. The Company reports on a 52/53 week basis with the extra week occurring approximately every six years. Fiscal year 2009 will be a 53-week fiscal year and ends on October 02, 2009. Fiscal year 2008 was a 52-week year that ended on September 26, 2008. Thus, all year-over-year comparisons reflect a 14-week first quarter for fiscal year 2009 and a 13-week first quarter in fiscal year 2008. Revenues for the 14-week first quarter increased 59,5 million USD, or 53 percent, to 171,2 million USD, led by a 56 percent increase in the retail market and a 43 percent increase in the institutional market. Overall volume increased 13 percent. Net income for the 14-week first quarter increased 24,6 million USD to 26,0 million USD, versus a net income of 1,4 million USD in the 13-week first quarter of fiscal 2008.
About AIPC: Founded in 1988 and based in Kansas City, Missouri, American Italian Pasta Company (AIPC) is the largest producer of dry pasta in North America. The Company has four plants that are located in Excelsior Springs, Missouri; Columbia, South Carolina; Tolleson, Arizona and Verolanuova, Italy. The Company has approximately 600 employees located in the United States and Italy.
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