Welcome to our dedicated page for Armanino Foods Distinction news (Ticker: AMNF), a resource for investors and traders seeking the latest updates and insights on Armanino Foods Distinction stock.
News for Armanino Foods of Distinction, Inc. (OTCQX: AMNF) centers on its role as a producer and marketer of premium frozen Italian and specialty foods, with a particular focus on pesto, sauces, and filled pastas. Company updates frequently highlight performance in the foodservice, retail, and industrial markets across North America and select international regions.
Investors following AMNF news will see regular coverage of quarterly and annual financial results, where the company reports on net sales, gross profit, operating income, and net income. These releases often discuss growth in foodservice and international channels, margin trends, and the impact of operational efficiencies, pricing discipline, and sourcing strategies on profitability.
Armanino Foods also issues news about its capital allocation decisions, including quarterly cash dividends, dividend increases, and the progress of its share repurchase program. The company has emphasized a long history of consecutive quarterly dividends and multiple special dividends, reflecting its shareholder-focused philosophy.
Operational and strategic updates appear regularly in AMNF news, such as investments in automation, equipment upgrades, and manufacturing capacity, as well as initiatives to expand distribution and customer acquisition in the United States and abroad. Releases also describe efforts to build a globally relevant sauce platform, expand its pesto and sauce portfolio, and deepen relationships with foodservice operators, including quick service restaurants and national accounts.
Leadership and governance developments, including appointments to executive roles and board transitions, are another recurring theme. For readers tracking the company, this news feed provides ongoing insight into Armanino Foods’ financial performance, product and channel strategy, and approach to growth and shareholder returns.
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) declared a quarterly cash dividend of $0.03 per share, marking a 9% increase from the previous dividend. The dividend is payable to shareholders on April 29, 2022, with a record date of April 5, 2022. This represents the company’s 87th consecutive quarterly dividend. The Board's decision reflects confidence stemming from record-breaking annual sales in 2021 and a strategic focus on growth. CEO Tim Anderson highlighted ongoing efforts to adapt through the pandemic, ensuring future profitability.
Armanino Foods of Distinction, Inc. (AMNF) reported record-breaking financial results for Q4 and the full year ending December 31, 2021. Q4 net sales reached
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) has declared a quarterly cash dividend of $0.0275 per share, payable to shareholders on January 4, 2022, with disbursement on or about January 24, 2022. This marks the company’s 86th consecutive quarterly dividend. The Board of Directors emphasized their confidence in the company's financial strength, highlighting its debt-free status and healthy working capital. Despite industry challenges, the company expects to exceed sales projections for the year.
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported record-breaking quarterly sales of
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) announced a quarterly cash dividend of $0.0275 per share, payable on or about October 29, 2021 to shareholders of record by October 7, 2021. This marks the company's 85th consecutive quarterly dividend. The chairman highlighted the company’s strengthening financial position, enabled by the early repayment of a $3.5M line of credit. Despite cautious near-term outlook due to the Delta variant, the company expects continued sales and profit growth through transformative strategies.
Armanino Foods of Distinction (OTC Pink: AMNF) reported strong financial results for Q2 2021, with net sales rising to $10,741,975, a 109% increase from $5,135,598 in Q2 2020. Income before taxes surged 293% to $1,724,756, and net income reached $1,321,163, or $0.0412 per share. For the first half of 2021, net sales increased 35% to $20,041,645, while net income grew 525% to $2,435,411 or $0.0760 per share. CEO Tim Anderson expressed confidence in continued growth despite potential challenges from the pandemic.
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) has declared a quarterly cash dividend of $0.0275 per share, marking a 22% increase from the previous quarter. This dividend is payable to shareholders on July 28, 2021, with a record date of July 8, 2021. This announcement signifies the company’s 84th consecutive quarterly dividend. Management expresses confidence in the company’s resilience and growth, citing improving sales and profits as the economy recovers. Investments in new products and markets are also planned to ensure sustained growth.
Armanino Foods (OTC Pink: AMNF) reported a 1% increase in earnings but a 4.7% decline in net sales for Q1 2021, totaling $9,299,670. Despite the drop in sales, income before taxes rose by 5% to $1,447,074, and net income climbed 1% to $1,114,247 or $0.0347 per share. The company has been profitable for 71 consecutive quarters and expects a strong recovery aided by easing COVID-19 restrictions, increased inventory levels, and strategic investments.
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) has declared a quarterly cash dividend of $0.0225 per share, a 29% increase from the last three quarters. This dividend, the company's 83rd consecutive, will be paid on April 28, 2021, to shareholders of record on April 6, 2021. The company successfully managed to pay down debt ahead of schedule while enhancing its cash position despite the challenges of the COVID-19 pandemic. Armanino is optimistic about growth trends, anticipating sales and profit increase due to improved conditions and focused operational strategies.
Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported a 21% decline in net sales for Q4 2020 at $8,597,794, down from $10,929,061 the previous year. Net income dropped 36% to $909,476 (or $0.0284 per share). For the full year, net sales fell 25% to $31,815,652, and net income decreased 69% to $2,022,458 (or $0.0631 per share). Despite these declines, the company has maintained profitability for 70 consecutive quarters and noted increased earnings compared to Q3 2020, attributing this to cost controls and investments in technology.
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