Welcome to our dedicated page for Cal Maine Foods news (Ticker: CALM), a resource for investors and traders seeking the latest updates and insights on Cal Maine Foods stock.
Cal-Maine Foods Inc (CALM), America's leading shell egg producer, provides investors and industry stakeholders with essential updates through this comprehensive news hub. Track official press releases, financial disclosures, and operational developments from the company behind trusted brands like Egg-Land's Best and 4-Grain.
This resource delivers timely information on quarterly earnings, production innovations, and market expansions within the poultry sector. Users will find updates on cage-free initiatives, organic product launches, and distribution network enhancements that shape CALM's position in the $10B+ U.S. egg market.
Key content includes executive leadership announcements, facility expansions, and strategic partnerships. The curated collection serves as a vital tool for monitoring food industry trends and regulatory impacts on agricultural operations.
Bookmark this page for direct access to primary source materials and analysis-free reporting on one of the food sector's most stable performers. Check regularly for updates that could influence investment decisions in the protein production space.
Cal-Maine Foods (NASDAQ: CALM) has announced the pricing of a secondary offering of 2,978,740 common stock shares at $92.75 per share by the company founder's family members. The offering is expected to close on April 17, 2025.
Concurrent with this offering, the company will repurchase 551,876 shares (approximately $50 million) from the selling stockholders at the same price. This repurchase is part of CALM's newly approved $500 million share repurchase program announced on February 25, 2025, leaving $450 million remaining after this transaction.
Additionally, all outstanding Class A common stock shares (with ten votes per share) were converted to common stock, resulting in CALM no longer being a 'controlled company' under Nasdaq rules. Goldman Sachs & Co. serves as the sole underwriter for the offering.
Cal-Maine Foods (NASDAQ: CALM) has announced a significant secondary offering of 3,024,287 common stock shares by the family of its late founder Fred R. Adams, Jr. The selling stockholders include his four daughters and Board Chair Adolphus B. Baker.
In preparation for the offering, all Class A common stock was converted to common stock, resulting in CALM no longer being a 'controlled company' under Nasdaq rules. The company plans to repurchase up to $50 million of shares directly from the selling stockholders at the same price as the underwriter's purchase price.
The total offering will comprise 3,530,616 shares minus the company's repurchased amount. This repurchase is part of CALM's newly approved $500 million share repurchase program, with approximately $450 million remaining after this transaction. Goldman Sachs & Co. serves as the sole underwriter, with CALM not selling any shares or receiving proceeds from the offering.
Cal-Maine Foods (NASDAQ: CALM) reported strong Q3 fiscal 2025 results with net sales of $1.4 billion and net income of $508.5 million ($10.38 per diluted share). The company achieved record total dozens sold with a 10.2% increase to 331.4 million dozens.
Key highlights include:
- Net average selling price per dozen increased to $4.060 from $2.247 year-over-year
- 14% increase in average layer hens
- Announced $500 million share repurchase program
- Declared cash dividend of approximately $3.46 per share
Post-quarter, Cal-Maine announced a definitive agreement to acquire Echo Lake Foods for approximately $258 million. Echo Lake Foods, a Wisconsin-based producer of ready-to-eat egg products and breakfast foods, reported annual revenues of approximately $240 million in 2024. The acquisition is expected to close by fiscal 2025 end and be mid-single digit accretive to earnings starting fiscal 2026.
Cal-Maine Foods (NASDAQ: CALM) has announced it will release its third quarter fiscal 2025 financial results on Tuesday, April 8, 2025. The company will issue a press release containing the quarterly results after market trading hours on that day.
Cal-Maine Foods (NASDAQ: CALM) has announced a significant corporate restructuring involving two major developments. First, the company entered an agreement with its founder's family regarding the potential conversion of their super-voting Class A shares to common stock, which would reduce their voting power from 53.2% to 12.0% while maintaining their economic interest. This conversion would transform CALM from a controlled to a non-controlled company.
Second, the Board approved a new $500 million share repurchase program, demonstrating confidence in the company's financial strength and commitment to shareholder returns. The repurchase timing and execution will be at management's discretion, potentially including purchases from the founding family members' shares, subject to Special Committee approval.
The company will implement a staggered board structure with three classes of directors serving three-year terms, and Board Chair Dolph Baker will remain in his position through the 2027 annual meeting.
Cal-Maine Foods (NASDAQ: CALM) has announced the acquisition of Deal-Rite Feeds' assets in North Carolina, including two feed mills, storage facilities, grain, vehicles, equipment, and retail feed sales business located in Statesville and Union Grove. The acquisition, funded through available cash, strategically positions the facilities near CALM's North Carolina shell egg production operations.
According to Sherman Miller, president and CEO, this acquisition will help manage production costs and drive efficiencies, as feed is a primary cost component in shell egg production. The proximity of these feed mills will enable lower-cost feed formulation, production, and delivery with reduced travel distances to farms, supporting CALM's mission to be the most efficient and sustainable producer of fresh shell eggs and egg products.
Cal-Maine Foods (NASDAQ: CALM) reported strong Q2 fiscal 2025 results with net sales of $954.7 million and net income of $219.1 million ($4.47 per diluted share). The company achieved quarterly records for total dozens sold (329.8 million) and specialty dozens sold (120.2 million), representing significant growth from the previous year.
The strong performance was driven by robust demand, higher market prices, and restricted supply due to highly pathogenic avian influenza (HPAI) outbreaks. The company announced $60 million in new capital projects for cage-free capacity expansion, including five new layer houses and two pullet houses across multiple states, expected to add capacity for 1.1 million cage-free layer hens by late summer 2025.
Farm production costs decreased 8.5% year-over-year, with feed costs down 12.8%. The company declared a cash dividend of approximately $1.49 per share, payable on February 13, 2025.
Cal-Maine Foods (NASDAQ: CALM) has announced it will release its second quarter fiscal 2025 financial results on Tuesday, January 7, 2025. The company will issue a press release after market trading hours on that day.
Cal-Maine Foods (NASDAQ: CALM) has announced its participation in the Stephens 2024 Annual Investment Conference, scheduled for November 19-21, 2024, at The Grand Hyatt in Nashville, Tennessee. President and CEO Sherman Miller, along with CFO Max Bowman, will conduct a fireside chat presentation on Wednesday, November 20, 2024, at 9:00 a.m. Central Time. The presentation will be accessible via live audio webcast through the company's website, with a replay available for 90 days.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced $40 million in new capital projects to expand its cage-free production capabilities. The expansion includes five new cage-free layer houses across Florida, Georgia, Utah, and Texas, with construction starting by the end of 2024 and completion expected by late summer 2025. This will add capacity for approximately 1.0 million cage-free layer hens.
The company also provided an update on its conversion of former Tyson Foods facilities in Dexter, Missouri, acquired in March 2024. Cal-Maine Foods is working with local contract growers to add approximately 1.2 million additional free-range hens by fall 2025. These expansions align with the company's strategy to increase free-range production in response to customer demand and expanding state requirements for cage-free eggs.
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