Penford Corp. (PENX) Reports Quarterly Financials
Penford Corp., a leader in renewable ingredient systems for industrial and food applications, yesterday reported its second-quarter results for the quarter ended February 28, 2011. The company reported that its revenues increased 19 percent to $74.3 million from $62.3 million a year ago. Loss from continuing operations was $1.6 million, or $(0.13) per diluted share, for the quarter ended February 28, 2011, compared with a loss from continuing operations of $1.8 million, or $(0.17) per diluted share last year. Penford’s Food Ingredients segment reported record second quarter sales, up 9 percent from the prior year. The company attributes the increases…