Last $11.42 USD
Change Today +0.01 / 0.09%
Volume 193.0K
BDBD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

boulder brands inc (BDBD) Snapshot

Open
$11.46
Previous Close
$11.41
Day High
$11.58
Day Low
$11.32
52 Week High
04/3/14 - $18.46
52 Week Low
10/27/14 - $7.77
Market Cap
698.1M
Average Volume 10 Days
471.1K
EPS TTM
$-0.35
Shares Outstanding
61.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BOULDER BRANDS INC (BDBD)

boulder brands inc (BDBD) Details

Boulder Brands Inc. provides health and wellness food solutions in the United States and Canada. The company operates in two segments, Natural and Smart Balance. The Natural segment provides shelf stable and frozen gluten-free products, including snack foods, frozen baked goods, frozen entrees, fresh breads, and baking mixes under the Glutino and Gluten-Free Pantry brand names; gluten-free bread and baked goods, and frozen pizza and granola under the Udi's brand name; buttery spreads, sticks, soymilks, nut butters, and vegan mayo dressings under the Earth Balance brand name; and burritos, meals, and quesadillas under the EVOL brand name. The Smart Balance segment offers buttery spreads, spreadable butters and blended butter sticks, enhanced milk products, peanut butters, cooking oils and sprays, popcorn, and light mayonnaise dressing products under the Smart Balance brand name; and diabetic-friendly food products, including glucose gels, shakes, and bars under the Level Life brand name. This segment also operates a health and wellness subscription-based Website at thebestlife.com. Boulder Brands Inc. sells its products through retail channels, including natural, grocery, club, and mass merchandise, as well as foodservice and industrial channels. The company was formerly known as Smart Balance, Inc. and changed its name to Boulder Brands Inc. in December 2012. Boulder Brands Inc. is headquartered in Boulder, Colorado.

720 Employees
Last Reported Date: 02/27/14

boulder brands inc (BDBD) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $965.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $362.5K
Chief Operating Officer, Director and Member ...
Total Annual Compensation: $1.3M
Executive Vice President of Natural Brands an...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

boulder brands inc (BDBD) Key Developments

Boulder Brands Appoints Timothy Kraft as Chief Legal Officer and Secretary, Effective December 16, 2014

Boulder Brands, Inc. announced Timothy Kraft has been appointed Chief Legal Officer and Secretary, effective December 16, 2014. Kraft has been a member of the Boulder Brands legal team since 2009, most recently serving as Senior Vice President, Associate General Counsel. Norman Matar, current Chief Legal Officer, will remain an employee and serve in a senior advisory role with the company. Before joining Boulder Brands, Kraft was with the law firm of Davis & Kuelthau where he focused on general corporate and transactional law.

Boulder Brands, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Goodwill and Trade Name Impairment Charges for the Third Quarter Ended September 30, 2014; Reaffirms Earnings Guidance for the Fourth Quarter of 2014; Provides Earnings Guidance for 2015; Revised Earnings Guidance for 2014

Boulder Brands, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $133,865,000 compared to $118,512,000 a year ago. Operating loss was $138,147,000 compared to operating income of $8,399,000 a year ago. Loss before income taxes was $144,068,000 compared to $2,249,000 a year ago. Net loss attributable to the company and Subsidiaries common stockholders was $132,159,000 or $2.17 basic and diluted per share compared to $1,582,000 or $0.03 basic and diluted per share a year ago. Non-GAAP operating income was $13.3 million compared to $11.5 million a year ago. Adjusted EBITDA was $20.9 million compared to $20.2 million a year ago. Non-GAAP net income excluding certain items was $4.9 million or $0.08 diluted per share compared to $5.1 million or $0.08 diluted per share a year ago. Sales growth moderated due to accelerated declines of Smart Balance as well as an impact from service issues in Natural segment. The charges impacting operating loss in the third quarter of 2014 primarily consist of the Smart Balance impairment charges of $150.5 million. Excluding costs, operating income increased 15.6% to $13.3 million against $11.5 million in last year's third quarter. During the quarter, operating cash flow with the use of $1.1 million and the company invested $3.2 million in capital expenditures, resulting in negative free cash flow of $4.3 million. Capital spending in the quarter was primarily related to assets of the Denver manufacturing facility. For the nine months, the company reported net sales of $388,065,000 compared to $335,834,000 a year ago. Operating loss was $124,259,000 compared to operating income of $31,820,000 a year ago. Loss before income taxes was $138,879,000 compared to income before income taxes of $10,019,000 a year ago. Net loss attributable to the company and Subsidiaries common stockholders was $128,897,000 or $2.12 basic and diluted per share compared to net income attributable to the company and Subsidiaries common stockholders of $5,477,000 or $0.09 basic and diluted per share a year ago. Net cash used in operating activities was $376,000 compared to net cash provided by operating activities of $19,901,000 a year ago. Purchases of property and equipment were $9,284,000 compared to $21,563,000 a year ago. For the quarter, the company reported goodwill and trade name impairment charges of $150,507,000. As previously announced, for the fourth quarter of 2014, the company expects net sales to be in the range of $132 million to $137 million. Adjusted EBITDA is expected to be in the range of $18 million to $20 million. Non-GAAP diluted earnings per share are expected to be in the range of $0.04 to $0.06. The company has reduced expectations to reflect the reduction of sales from Smart Balance and expected inventory reduction at its customer. For the full year of 2014, the company now expects net sales to be in the range of $520 million to $525 million, adjusted EBITDA to be in the range of $74 million to $76 million, EBITDA to be in the range of $64 million to $66 million and EPS to be in the range of $0.22 to $0.24 per share based on 64 million diluted shares outstanding. In addition, the company expects gross margin for the full year to be approximately 37%. The company provides initial outlook for the full year of 2015. For the year, the company’s net sales are expected to be in the range of $575 million to $585 million; gross margin is estimated to be in the 36% to 37% range; EBITDA is expected to be in the range of $67 million to $71 million; adjusted EBITDA is expected to be in the range of $78 million to $82 million; and diluted earnings per share is expected to be in the range of $0.25 to $0.29.

Boulder Brands, Inc. Revises Earnings Guidance for the Third Quarter Ended September 30, 2014 and for the Fourth Quarter of 2014

Boulder Brands, Inc. revises earnings guidance for the third quarter ended September 30, 2014 and for the fourth quarter of 2014. For the third quarter of 2014, the company expects net sales to be approximately $133.9 million, an increase of 13% over the third quarter of 2013. Organic net sales increased approximately 8% and organic consumption growth increased approximately 12%. Adjusted EBITDA for the third quarter of 2014 is expected to be approximately $21 million. GAAP diluted loss per share for the third quarter of 2014 is expected to be approximately $2.12 after giving effect to the impairment charges. Excluding certain items, non-GAAP diluted earnings per share for the third quarter of 2014 is expected to be approximately $0.08 compared to prior guidance of $0.10 to $0.12. Expect operating loss to be $135.1 million, non-GAAP operating income to be $13.3 million, GAAP net loss to be $129.5 and excluding certain items noon-GAAP net income to be $4.9 million. For the fourth quarter of 2014, the company expects net sales to be in the range of $132 to $137 million. Adjusted EBITDA for the fourth quarter of 2014 is expected to be in the range of $18 to $20 million. Non-GAAP diluted earnings per share for the fourth quarter of 2014 is expected to be in the range of $0.04 to $0.06 compared to prior guidance of $0.18 to $0.20.

 

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