ARMANINO FOODS DIST INC - AMNF STOCK NEWS

Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported record-breaking first quarter results for 2023, marking its highest quarterly sales and profits. Net sales increased by 32% to $16,351,867, while income before taxes rose by 34% to $2,575,535. Net income reached $1,916,198 ($.0598 per share), reflecting a 32% increase compared to the prior year. The company has achieved profitability for 79 consecutive quarters. While management expressed optimism about the results and ongoing cost efficiencies, they also highlighted concerns regarding potential economic pressures that may affect future performance.

Armanino Foods of Distinction (AMNF) has declared a quarterly cash dividend of $0.033 per share, a 10% increase from the previous $0.03 per share. This dividend, marking the company's 91st consecutive quarterly distribution, will be payable to shareholders on April 29, 2023, with a record date of April 6, 2023. Chairman Douglas R. Nichols cited record-breaking results for 2022, expressing confidence in the company's growth strategies. CEO Tim Anderson noted expectations for strong first-quarter performance, while remaining cautious about future economic pressures impacting results.

Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) reported record financial results for the fourth quarter and full year ending December 31, 2022. Fourth-quarter net sales surged 15% year-over-year to $13,717,899, while annual net sales reached $57,873,545, up 32%. The company extended its profitability streak to 78 consecutive quarters, with annual net income increasing 15% to $6,603,589. Despite economic challenges, including labor shortages and inflation, Armanino is focused on enhancing manufacturing processes and expanding storage capacity. Future plans include capital expenditures aimed at cost efficiencies and growth in new markets.

Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) has declared a cash dividend of $0.03 per share, payable on January 23, 2023, to shareholders recorded by January 3, 2022. This marks the company’s 90th consecutive quarterly dividend. Management anticipates record-high total year revenue and profits, despite facing challenges from inflation impacting cost of goods sold (COGS). The company remains committed to profitable growth, focusing on new products and operational efficiencies.

Armanino Foods (OTC Pink: AMNF) reported record quarterly and year-to-date sales for the periods ending September 30, 2022. Q3 sales reached $15,400,353, up 30% from last year, with a net income of $1,553,742 ($0.0485 per share), a 4% increase. Year-to-date sales totaled $44,155,647, a 38% increase from 2021. The company also overcame macroeconomic challenges, including rising costs, while investing in growth opportunities and diversifying its customer base.

Armanino Foods of Distinction, Inc. (OTC Pink: AMNF) has declared a quarterly cash dividend of $0.03 per share, with a record date of October 7, 2022 and a payment date on or about October 31, 2022. This marks the company’s 89th consecutive quarterly dividend. The company is projected to achieve record-breaking sales and profits for Q3, although ongoing inflationary pressures are expected to impact costs. The Board expresses confidence in the company’s financial position and commitment to shareholder returns.