Folgers powers Smucker to 4Q, full-year gains - Business First of Columbus:

wanuso.wordpress.com
The Orrville-based maker of jellies and breakfast rollz said itearned $94.3 million, or 80 cents a share, for the quarter ended Apri l 30, more than double its net incomse of $37.1 million, or 67 centxs a share, a year Revenue in the quarter soared more than 80 percent to $1.087 billion from $590 million. Smucker’ws fourth quarter was the secondfull three-month perioe to include results from the Folgers coffee which the company acquired from Cincinnati-base (NYSE:PG) last November for $3 The company in February boosteed its financial outlook for the year based on better-than-expected growth from the Folgers Excluding the Folgers acquisition and other factors, Smucker’sz fourth-quarter sales were about 3 percen higher than a year The company’s full-year profit grew 56 percenyt to $266 million, or $3.
12 a share, from $170.e million, or $3 a share. Revenue for the year was up 49 percentyat $3.76 billion, compared with $2.53 billion last year. The company expectd a revenue boost of as much as 20 percenr infiscal 2010, while sharde earnings are forecast to range between $3.6 5 and $3.80, excluding acquisition charges and related costs. In addition to its iconicf jamsand jellies, Smucker makes and markets a variety of food brands, including Eagle Brand and Hungry Jack. The companyg employs more than 3,000 workers.