date:Jul 11, 2012
coating, protein, dairy and gluten-free segments rose at double-digit rates.
Within the Industrial Ingredients segment, operating income in the third quarter was $75,000, which compared with a loss of $734,000 in the same period a year ago. Net sales were $66,751,000, up 8% from $61,596,000. Penford attributed the sales gain to stronger volumes as well as contributions from the acquisition of Carolina Starches.
For the nine months ended May 31, Penford sustained a loss of $5,200,000, which comp