Welcome to our dedicated page for Where Food Comes From news (Ticker: WFCF), a resource for investors and traders seeking the latest updates and insights on Where Food Comes From stock.
Where Food Comes From Inc (WFCF) provides independent verification services ensuring transparency across the global food supply chain. This news hub delivers timely updates on corporate developments, regulatory compliance milestones, and industry leadership in food certification.
Access official press releases covering earnings results, sustainability initiatives, and strategic partnerships. Investors will find critical updates on verification program expansions, technology implementations, and market positioning within the food safety sector.
Key content includes announcements about organic certification innovations, non-GMO verification processes, and the Upcycled Certified program. Track WFCF's role in advancing supply chain transparency through third-party audits and data-driven quality assurance solutions.
Bookmark this page for consolidated access to WFCF's latest operational developments. Return regularly to stay informed about how the company maintains its position as a trusted authority in food production verification.
Where Food Comes From (WFCF) reported its Q4 and full-year 2024 results. Full-year revenue increased 2% to $25.7 million, with verification and certification services up 6% to $20.6 million. Net income slightly decreased to $2.1 million ($0.40 per diluted share) from $2.2 million in 2023.
Q4 total revenue remained flat at $6.7 million, while net income increased to $961,000 ($0.18 per diluted share) from $776,000, boosted by a $345,000 gain in bitcoin holdings. The company continued its shareholder value return program, repurchasing 273,057 shares in 2024 for $3.3 million.
Despite challenges from cyclical herd contraction affecting the beef business, growth in CARE Certified and Upcycled programs offset the impact. The company's SG&A expenses increased by $530,000 to support marketing initiatives and technical talent acquisition.
Where Food Comes From (WFCF), North America's leading provider of independent, third-party food production verification services, has announced its schedule for releasing 2024 full-year financial results. The company will release its financial results before market opening on Thursday, February 20, 2025.
A conference call will be held the same day at 10:00 a.m. Mountain Time (12:00 p.m. Eastern). Investors can join using the following dial-in numbers: Domestic Toll Free: 1-877-407-8289 or International: 1-201-689-8341 (Conference Code: 13751753). A phone replay will be available through March 6, 2025.
Where Food Comes From (WFCF) reported strong growth in its Upcycled Certified® Program, with a 17% year-over-year increase in certifications for 2024. The program, which certifies sustainable food production practices, has expanded to 105 companies, including major players like Del Monte, Kerry, and Hershey-backed Blue Stripes.
In 2024, certified companies diverted approximately 1.2 million tons of food waste, equivalent to 248 million bags of groceries. The program now certifies 568 products, with pet foods, snack foods, and beverages leading the categories. WFCF's Upcycled Certified has become the fastest-growing certification seal in the food industry, operating in 14 countries.
The total upcycled industry is valued at $46 billion, with significant growth potential. Market research shows that 62% of consumers are willing to pay more for products that fight food waste, and 70% showed increased purchase intent when seeing the Upcycled Certified® seal on packaging.
Where Food Comes From (WFCF) reported mixed Q3 2024 results with total revenue up 1% to $7.1 million. Verification and certification revenue increased 2% to $5.5 million, while product sales rose 9% to $1.3 million. However, net income declined 32% to $492,000, with diluted EPS of $0.09. For the nine-month period, total revenue grew 4% to $19.1 million, though net income decreased 16% to $1.2 million. The company continued its stock buyback program, repurchasing 66,620 shares in Q3 and 216,039 shares year-to-date. Cash generated from operations increased 6% to $2.8 million.
Where Food Comes From (WFCF), North America's leading third-party food production verification provider, has announced its upcoming 2024 third quarter financial results release. The results will be disclosed before market opening on Tuesday, November 12, 2024, followed by a conference call at 10:00 a.m. Mountain Time. The company has provided both domestic and international dial-in numbers for the conference call, with a replay available through November 26, 2024.
Where Food Comes From, Inc. (WFCF) reported its 2024 second quarter and six-month financial results. Highlights include:
- Q2 total revenue up 4% to $6.4 million
- Q2 net income down 8% to $489,000
- Q2 diluted EPS flat at $0.09
- Six-month total revenue up 5% to $12.0 million
- Six-month net income up 2% to $667,000
- Six-month diluted EPS of $0.12 vs. $0.11
The company saw growth in verification and certification services, but experienced a decline in product sales. WFCF's diversified portfolio, including new initiatives like Upcycled Food Certification, helped navigate challenges such as inflation and cyclical herd contraction.
Where Food Comes From, Inc. (WFCF), a leading provider of third-party verification for food production practices in North America, has announced its upcoming 2024 second quarter earnings release. The company will disclose its financial results on Thursday, August 8, 2024, before the market opens. Following the release, WFCF will host a conference call at 10:00 a.m. Mountain Time (12:00 p.m. Eastern) to discuss the results.
Investors and interested parties can join the call using the provided dial-in numbers. A phone replay of the conference call will be available until August 22, 2024, allowing those unable to attend the live call to access the information later.
Where Food Comes From, Inc. (WFCF) reported a strong first quarter in 2024 with revenue up 6% to $5.6 million. Verification and certification revenue increased by 17%, while product sales decreased by 25%. Net income rose by 47% to $178,000, and diluted EPS increased to $0.03. Adjusted EBITDA was up 8% to $432,000. The company repurchased over 116,000 shares of common stock worth $1.5 million. Despite challenges like drought conditions affecting herd sizes, WFCF continues to show growth and profitability, investing in new service offerings and returning value to shareholders.
Where Food Comes From, Inc. will release its 2024 first quarter financial results on May 2, 2024, followed by a conference call. The company is known for independent food production verification in North America.
