Last $15.18 USD
Change Today +0.11 / 0.73%
Volume 355.5K
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As of 8:04 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

omega protein corp (OME) Key Developments

Omega Protein Corporation Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014

Omega Protein Corporation reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $71.913 million against $41.777 million. The company's revenues increased 72%, this increase was due to a $30.8 million increase in animal nutrition revenues, partially offset by a $0.7 million decrease in human nutrition revenues. The increase in animal nutrition Revenue was primarily due to increased sales volumes of 43% and 482% for the company's fish meal and fish oil, respectively, and increased sales prices for the company's fish meal of 1%, partially offset by decreased sales prices of 37% for the company's fish oil. Net income was $6.633 million or $0.31 per diluted share compared to $3.990 million or $0.19 per diluted share in the same period last year. Operating income was $10,752,000 compared to $6,690,000 last year. Income before income taxes was $10,504,000 compared to $6,113,000 last year. Adjusted EBITDA was $18,329,000 compared to $11,838,000 last year. Adjusted income before income taxes was $13,106,000 compared to $6,111,000 last year. Adjusted net income was $8,276,000 or $0.38 per diluted share compared to $3,989,000 or $0.19 per diluted share last year. Total debt decreased $2 million during the same period to $22 million. Book value per share increased to $12.52. Capital expenditures were $10,453,000 compared to $6,184,000 last year. For the six months, the company reported revenues of $135.413 million against $90.700 million. Revenues in the first six months of 2014 increased 49%, the increase in Revenue was due to a $43.7 million increase in animal nutrition revenues and a $1.0 million increase in human nutrition revenues. Net income was $14.604 million or $0.68 per diluted share compared to $6.835 million or $0.33 per diluted share in the same period last year. Operating income was $23,098,000 compared to $11,413,000 last year. Income before income taxes was $22,555,000 compared to $10,369,000 last year. Net cash provided by operating activities was $29,736,000 compared to $2,658,000 last year. Capital expenditures were $23,268,000 compared to $12,897,000 last year. Adjusted EBITDA was $37,383,000 compared to $21,808,000 last year. Adjusted income before income taxes was $26,727,000 compared to $10,743,000 last year. Adjusted net income was $17,305,000 or $0.80 per diluted share compared to $7,082,000 or $0.34 per diluted share last year.

Omega Protein Corporation to Report Q2, 2014 Results on Aug 06, 2014

Omega Protein Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

Omega Protein Corporation, Q2 2014 Earnings Call, Aug 07, 2014

Omega Protein Corporation, Q2 2014 Earnings Call, Aug 07, 2014

Omega Protein Corporation Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 03:00 PM

Omega Protein Corporation Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 03:00 PM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: Andrew C. Johannesen, Chief Financial Officer and Executive Vice President, Bret D. Scholtes, Chief Executive Officer, President and Director.

Omega Protein Announces Addition of Two New Board Members

Omega Protein Corporation announced that Stephen Bryan and Gary Ermers have joined its Board of Directors effective June 19, 2014. Mr. Ermers will also join the Board's Audit Committee and Mr. Bryan will join the Board's Compensation Committee. Mr. Bryan has served as the President and Chief Executive Officer of Delavau, LLC. Mr. Ermers serves as the Associate Director of Healthcare Consulting Services at Dean Dorton Allen Ford, PLLC.

 

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Valuation OME Industry Range
Price/Earnings 8.5x
Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow 8.3x
TEV/Sales 0.9x
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