(Source: Datamonitor)
American Italian Pasta Company has posted a net income of $88.29 million or $4.10 per diluted share, for the fiscal year 2009 ended October 2, 2009, compared $19.12 million or $0.99 per diluted share, for fiscal 2008 ended September 26, 2008.
Total revenues for the fiscal 2009 were $628.16 million, compared to $569.19 million for the fiscal 2008.
Gross profit for the fiscal 2009 increased to $176.65 million from $122.3 million in fiscal 2008.
Jack Kelly, president and CEO of the company, said: "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.
"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."
A service of YellowBrix, Inc.
