date:Jul 08, 2014
Penford Corporation, a leader in ingredient systems for food and industrial markets, reported third quarter and year-to-date fiscal year 2014 results.
The Company reported net income of $3.1 million, or $0.24 per diluted share, for the third quarter ended May 31, 2014. Consolidated sales for the quarter were $119.4 million compared with $121.7 million last year, primarily because lower corn prices that were passed through to paper industry customers reduced industrial starch and by-products rev