Cagle's Inc. Reports Fourth Quarter Earnings

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Castelnau Group Limited	LSE:CGL	London	Ordinary Share	GG00BMWWJM28	ORD NPV

Share Name

Share Symbol

Market

Type

Share ISIN

Share Description

Castelnau Group Limited

LSE:CGL

London

Ordinary Share

GG00BMWWJM28

ORD NPV

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-1.00	-1.30%	76.00	75.00	78.00	77.00	76.50	77.00	75,302	16:35:06

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

-1.00

-1.30%

76.00

75.00

78.00

77.00

76.50

77.00

75,302

16:35:06

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Trust,ex Ed,religious,charty	-29.82M	-34.09M	-0.1068	-7.16	244.18M

Industry Sector

Turnover

Profit

EPS - Basic

PE Ratio

Market Cap

Trust,ex Ed,religious,charty

-29.82M

-34.09M

-0.1068

-7.16

244.18M

Cagle's Inc. Reports Fourth Quarter Earnings

01/06/2005 11:16pm

PR Newswire (US)

Castelnau (LSE:CGL)
Historical Stock Chart

From Jul 2019 to Jul 2024

Cagle's Inc. Reports Fourth Quarter Earnings ATLANTA, June 1 /PRNewswire-FirstCall/ -- Cagle's Inc. (AMEX:CGL.A) today reported the following results for its fiscal year ended April 2, 2005. Fiscal 2005 was a key period for our Company as we continue to gain momentum with excellent demand for our products in conjunction with a shifting of our product mix towards more specialized, value added markets. Net income for fiscal year 2005 totaled $11.5 million or $2.43 per diluted share. The average market price for our products improved 11.4% from fiscal 2004 while cost of sales per pound decreased by 3.6%. Capital expenditures were made at our processing facilities to allow for new product lines and expansion of our hatchery in Dalton, completed in April 2005, will allow us to maximize capacity promoting efficiencies throughout our operations. All capital projects in fiscal 2005 were financed out of available cash flow and the Company closed the year with its revolving credit facility untapped providing ample flexibility to meet our working capital needs for the forthcoming year. The Company celebrated its sixtieth birthday in March of 2005 and I wish to express management's gratitude to our stakeholders including our stockholders, customers, vendors, employees and contract growers for their ongoing loyalty and support. Cagle's Inc. J. Douglas Cagle Chairman, CEO Cagle's Inc. Consolidated Statements of Income (in thousands except per share amounts) Three Months Ended Twelve Months Ended April 2, April 3, April 2, April 3, 2005 2004 2005 2004 Net Sales $60,576 $64,077 $246,343 $304,507 Cost and Expenses: Cost of Sales 52,612 59,180 217,024 309,413 Selling & Delivery, General & Admin. 4,113 3,639 13,342 18,107 Total Cost and Expenses 56,725 62,819 230,366 327,520 Operating Profit (Loss) 3,851 1,258 15,977 (23,013) Other Income (Expense): Interest Expense (645) (964) (2,649) (7,018) Other Income (Expense), net (187) (107) 549 (3,915) Total Other Income(Expense),net (832) (1,071) (2,100) (10,933) Equity in Earnings of Unconsolidated Affiliates 956 999 4,129 3,371 Profit (Loss) before Income Taxes 3,975 1,186 18,006 (30,575) Income Tax Expense (Benefit) 1,431 (9,671) 6,467 (12,850) Net Profit (Loss) $2,544 $10,857 $11,539 $(17,725) Net Profit (Loss) per Share $0.54 $2.29 $2.43 $(3.74) Cagle's Inc. Condensed Consolidated Balance Sheet (in thousands) ASSETS April 2, 2005 April 3, 2004 Current Assets $32,687 $33,727 Investments in Affiliates 6,105 4,041 Other Assets 11,000 18,027 Property, Plant, and Equipment (net) 44,500 44,224 TOTAL ASSETS $94,292 $100,019 LIABILITIES & STOCKHOLDER'S EQUITY Current Maturities of Long-term Debt $3,476 $2,921 Trade Accounts Payable 11,563 18,367 Other Current Liabilities 6,438 8,912 Total Current Liabilities 21,477 30,200 Long-Term Debt 26,534 34,552 Other Non-current Liabilities 475 1,000 Total Stockholder's Equity 45,806 34,267 TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $94,292 $100,019 DATASOURCE: Cagle's Inc. CONTACT: George Pitts or Mark Ham of Cagle's Inc., +1-404-355-2820 Web site: http://www.cagles.net/

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CGL Castelnau Group Limited