Armanino Foods Reports Record Fourth Quarter and Full Year 2025 Results
Rhea-AI Summary
Armanino Foods (OTCQX:AMNF) reported record fourth quarter and full year 2025 results: full-year net sales +9.7% to $76.1M, operating income +31.1% to $23.9M, and EPS of $0.60. The company generated $13.1M free cash flow and returned $11.7M to shareholders via dividends and buybacks.
Margin expansion to 31.4% and long-term commodity agreements underpinned improved profitability and cash generation entering 2026.
Positive
- Net sales +9.7% to $76.1 million
- Operating income +31.1% to $23.9 million
- Operating margin expanded to 31.4%
- Free cash flow of $13.1 million for 2025
- Returned $11.7 million to shareholders
Negative
- Gross profit declined QoQ to 47.3% in Q4 2025 from 50.4% in Q4 2024
News Market Reaction – AMNF
In the Mar 19 session, AMNF gained 3.23%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Full Year Net Sales +
PLEASANTON, CA / ACCESS Newswire / March 19, 2026 / Armanino Foods of Distinction, Inc. (OTCQX:AMNF), a leading producer and marketer of premium frozen Italian and specialty foods serving foodservice, retail, and industrial customers across North America and select international markets, today reported record financial results for the fourth quarter and full year ended December 31, 2025.
Financial Summary
Fourth Quarter 2025 Highlights:
Net Sales increased
5.5% year-over-year to$19.5 million Operating Income increased
20.0% to$6.4 million Operating Margin expanded to
32.8% Net Income increased
17.3% to$5.1 million , or$0.17 per diluted shareFree Cash Flow of
$6.5 million
Full Year 2025 Highlights:
Net Sales increased
9.7% to$76.1 million Operating Income increased
31.1% to$23.9 million Operating Margin expanded to
31.4% Net Income increased
28.0% to$18.7 million , or$0.60 per diluted share$11.7 million returned to shareholders through dividends and share repurchasesFree Cash Flow of
$13.1 million
CEO Commentary
"2025 was a defining year for Armanino Foods," said Deanna Jurgens, President and Chief Executive Officer. "We delivered record performance across every major financial metric - accelerating net sales, expanding margins, and driving more than
"Our margin expansion reflects deliberate improvements across the business, including a sharpened focus on higher-margin segments, disciplined trade investment, improved product mix, enhanced manufacturing efficiency, and strengthened cost management through long-term commodity agreements. These actions have increased the underlying profitability and durability of our business model.
"During the year, we also strengthened our leadership team with experienced executives across finance, operations, growth, national accounts, and international markets. This team is aligned around scalable growth, operational excellence, and disciplined capital allocation.
"As we enter 2026, we are focused on expanding our domestic foodservice business, advancing national account opportunities, and accelerating international expansion, while investing in manufacturing capabilities to support long-term growth."
Fourth Quarter 2025 Performance
Net sales for the fourth quarter increased
Gross profit totaled
Operating income increased
Net income increased
Full Year 2025 Performance
For the full year, net sales increased
Gross margin expanded 280 basis points to
Operating income increased
Net income increased
The Company generated
Long-term supply agreements secured across core commodity ingredients provide enhanced cost visibility and margin stability entering 2026.
Armanino Foods of Distinction, Inc.
Income Statement
(Unaudited)
$ and shares in millions, | Quarter Ended | Year Ended | ||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
Net Sales | $ | 19.5 | $ | 18.5 | $ | 76.1 | $ | 69.4 | ||||||||
Cost of goods sold | 10.3 | 9.2 | 40.5 | 38.8 | ||||||||||||
Gross profit | 9.2 | 9.3 | 35.6 | 30.5 | ||||||||||||
Operating expenses: | ||||||||||||||||
General, administrative and selling expense | 1.6 | 1.6 | 5.9 | 5.1 | ||||||||||||
Salaries & wages | 1.0 | 2.1 | 4.6 | 6.2 | ||||||||||||
Commissions | 0.2 | 0.3 | 1.2 | 1.0 | ||||||||||||
Total operating expenses | 2.8 | 4.0 | 11.8 | 12.3 | ||||||||||||
Income from operations | 6.4 | 5.3 | 23.9 | 18.2 | ||||||||||||
Other Income / (Expense) | 0.2 | 0.3 | 1.0 | 1.1 | ||||||||||||
Income before income taxes | 6.6 | 5.6 | 24.9 | 19.4 | ||||||||||||
Income taxes | 1.5 | 1.2 | 6.2 | 4.8 | ||||||||||||
Net income | $ | 5.1 | $ | 4.4 | $ | 18.7 | $ | 14.6 | ||||||||
Earnings per common and equivalent shares: | ||||||||||||||||
Basic earnings per share | $ | 0.17 | $ | 0.14 | $ | 0.60 | $ | 0.46 | ||||||||
Weighted average common shares outstanding | 31.1 | 32.0 | 31.3 | 32.0 | ||||||||||||
Diluted earnings per share | $ | 0.17 | $ | 0.14 | $ | 0.60 | $ | 0.46 | ||||||||
Weighted average common shares outstanding assuming dilution | 31.1 | 32.0 | 31.3 | 32.0 | ||||||||||||
Armanino Foods of Distinction, Inc.
Balance Sheets
(Unaudited)
$ in millions | As of December 31, | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
Cash and cash equivalents | $ | 29.6 | $ | 28.2 | ||||
Accounts receivable, net | 11.7 | 8.6 | ||||||
Inventories, net | 4.7 | 4.4 | ||||||
Prepaid Expenses | 0.7 | 0.9 | ||||||
Total Current Assets | 46.6 | 42.0 | ||||||
Property and Equipment, Net | 8.6 | 7.9 | ||||||
Deposits | 0.1 | 0.0 | ||||||
Deferred Tax Assets -- Long Term | 0.0 | 1.1 | ||||||
Operating lease right of use asset | 0.7 | 1.4 | ||||||
Goodwill | 0.4 | 0.4 | ||||||
Trademarks | 0.1 | 0.1 | ||||||
Total Non-Current Assets | 9.9 | 10.8 | ||||||
TOTAL ASSETS | $ | 56.5 | $ | 52.9 | ||||
LIABILITIES AND STOCKHOLDER'S EQUITY | ||||||||
Accounts Payable | $ | 4.7 | $ | 2.0 | ||||
Contract Liabilities | 2.3 | 4.4 | ||||||
Accrued Payroll and Payroll Taxes | 1.4 | 1.8 | ||||||
Phantom Stock Liability | 2.2 | 3.7 | ||||||
Operating Lease Liability ST | 0.7 | 0.6 | ||||||
Dividends Payable | 1.6 | 1.2 | ||||||
Income Taxes Payable | 0.0 | 2.1 | ||||||
Total Current Liabilities | 12.8 | 15.9 | ||||||
Operating Lease Liability LT | 0.1 | 0.8 | ||||||
Deferred Tax Liability LT | 0.6 | 0.0 | ||||||
Total Non-Current Liabilities | 0.6 | 0.8 | ||||||
Total Liabilities | 13.4 | 16.7 | ||||||
Common Stock | 2.8 | 2.8 | ||||||
Treasury Stock | -7.5 | -1.1 | ||||||
Additional Paid-In Capital | 0.3 | 0.0 | ||||||
Retained Earnings | 47.5 | 34.4 | ||||||
Total Stockholder's Equity | 43.0 | 36.2 | ||||||
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $ | 56.5 | $ | 52.9 | ||||
About Armanino Foods of Distinction, Inc.
Armanino Foods of Distinction, Inc. (OTCQX:AMNF) is a leading producer and marketer of premium frozen Italian and specialty foods serving foodservice and industrial customers across North America and select international markets. Best known for its top-selling Basil Pesto, the Company's product line spans a wide variety of sauces and stuffed pasta dishes, all produced in a British Retail Consortium Global Standards Grade AA facility with rigorous quality systems and scalable packaging formats to meet customer needs. To learn more, please visit the Company's website at https://armaninofoods.com.
Cautionary Statements Regarding Forward-Looking Information
Statements in this news release regarding our expectations and beliefs about our future financial performance and trends in our markets are "forward-looking statements" as defined in the Private Securities Litigations Reform Act of 1995. Forward-looking statements often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may."
The forward-looking statements in this news release regarding our future financial performance are based on current information and because our business is subject to several risks and uncertainties, actual operating results in the future may differ significantly from the future financial performance expected at the current time. Those risks and uncertainties may include, among others: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared away from home; cost inflation/deflation and commodity volatility; competition; reliance on third party suppliers and interruption of product supply or increases in product costs; changes in the Company's relationships with customers and group purchasing organizations; the Company's ability to increase or maintain the highest margin portions of the Company's business; achievement of expected benefits from cost savings initiatives; increases in fuel costs; changes in consumer eating habits; cost and pricing structures and other governmental regulation. The forward-looking statements contained in this press release speak only as of the date of this press release and are based on information and estimates available to the Company at this time. We undertake no obligation to update or revise any forward-looking statements, except as may be required by law.
Investor Relations Contact
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(262) 357-2918
AMNF@mzgroup.us
www.mzgroup.us
SOURCE: Armanino Foods of Distinction, Inc.
View the original press release on ACCESS Newswire