August 29, 2014 4:06 AM ET

Food Products

Company Overview of Michael Foods, Inc.

Company Overview

Michael Foods, Inc. processes and distributes food products in the United States and internationally. The company offers foodservice products, such as eggs, organic and cage free eggs, potatoes, and French toasts for commercial restaurants, convenience stores, lodging and recreation, business and industry, K-12 schools, college and university, healthcare, and military markets; and food ingredients, including enzyme modified whole egg products, precooked egg white products, dried eggs, liquid eggs, hard-cooked eggs, custom-developed egg products, pre-cooked eggs, and French toasts for bakery, dry mixes, confectionary, sauces and dressings, prepared food, pasta, dairy, beverages, and nutraceut...

301 Carlson Parkway

Suite 400

Minnetonka, MN 55305

United States

Founded in 1908

3,513 Employees

Phone:

952-258-4000

Fax:

952-258-4911

Key Executives for Michael Foods, Inc.

Chairman
Age: 55
Chief Financial Officer
Age: 48
Senior Vice President of Operations and Supply Chain
Age: 57
President of Crystal Farms Division
Age: 53
Vice President and General Counsel
Age: 56
Compensation as of Fiscal Year 2014.

Michael Foods, Inc. Key Developments

Michael Foods Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2014

Michael Foods Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2014. For the quarter, the company reported net sales of $474,039,000 compared to $484,271,000 a year ago. Operating profit was $24,475,000 compared to $43,940,000 a year ago. Earnings before income taxes and equity in losses of unconsolidated subsidiary were $2,741,000 compared to $21,740,000 a year ago. Net earnings were $1,694,000 compared to $14,243,000 a year ago. Earnings before interest, taxes, depreciation, amortization and other adjustments were $48.2 million, compared to $67.2 million in 2013.

Michael Foods Begins Construction of Two-Phase Expansion at Wakefield Plant

Michael Foods has begun construction of a $33 million two-phase expansion project at the company's Wakefield, Nebraska, farm and processing plant. The project includes expansion of the facilities, as well as the installation of new equipment. The project's first phase involves an increase in total square footage at the plant by about 75,000 square feet, including additions in production, refrigerated space, finished goods space and egg storage. Two new food production equipment lines also will be installed. The second phase includes renovation of existing spaces and relocation of two food production equipment lines. Michael Foods also will prepare the site for a potential building addition in the future.

Michael Foods, Inc. Presents at Bank of America Merrill Lynch 2013 Leveraged Finance Conference, Dec-04-2013 10:10 AM

Michael Foods, Inc. Presents at Bank of America Merrill Lynch 2013 Leveraged Finance Conference, Dec-04-2013 10:10 AM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Mark W. Westphal, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.

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