date:May 15, 2013
Gains in the companys egg and potato business helped offset softness in cheese and dairy, leading to a 52% increase in first-quarter earnings at Michael Foods, Inc. Net income in the first quarter ended March 30 was $14,243,000, up from $9,352,000 in the same period a year ago.
Net sales in the first quarter of fiscal 2013 increased 9% to $484,271,000 from $444,826,000.
Adjusted EBITDA in the companys Egg Products segment rose to $52,262,000, up 9% from $48,113,000 in the same period a year ag