date:May 12, 2014
ax operating income of $0.2 million, or approximately 2.1 percent of sales, compared to income of $1.5 million, or approximately 10.2 percent of sales, for the same quarter a year ago. Segment profitability in the first quarter was driven primarily by a lower margin mix of products sold.
Ingredient segment sales for the first quarter declined by 8.7 percent to $14 million from the prior year's quarter following a decline in flour prices of 10.9 percent compared to the previous year.