Penford Reports Third Quarter Fiscal Year 2014 Financial Results
date:Jul 08, 2014
cross several application segments.
- The Company completed the acquisition of Gum Technology during the quarter, and integration is proceeding as planned.
- RSA expenses rose 25% on investments in RD, sales and business development, and from the acquisition of Gum Technology.
- Operating income was $6.0 million, including $0.4 million of margin reduction due to costs incurred from the Gum Technology acquisition that closed on March 25, 2014. Operating income was $6.2 million for the same period
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