OFI Overhill Farms Inc. featured news, full reports, and detailed charts
Overhill Farms Inc. (OFI) Wrap Up:
Overhill Farms, Inc. engages in the manufacture and sale of prepared frozen food products for branded retail, private label, foodservice, and airline customers in the United States. Its product line includes entrees, plated meals, bulk-packed meal components, pastas, soups, sauces, poultry, meat and fish specialties, and organic and vegetarian offerings. The company was founded in 1995 and is headquartered in Vernon, California.www.overhillfarms.com
1,048 Employees
Founded in 1995
Overhill Farms Inc. (OFI:AMEX)
LAST $5.84 USD
CHANGE TODAY -0.07 -1.18%
VOLUME 29.4K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Overhill Farms Inc. (OFI)
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OPEN
$5.90
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PREVIOUS CLOSE
$5.91
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DAY HIGH
$5.90
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DAY LOW
$5.75
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52 WEEK HIGH
10/21/09 - $6.60
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52 WEEK LOW
03/3/09 - $2.95
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MARKET CAP
92.4M
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AVERAGE VOLUME 3 mo
52.6K
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DILUTED EPS TTM
$0.58
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SHARES OUTSTANDING
15.8M
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OFI Does Not Pay Dividends
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P/E TTM
10.1x
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| K = Thousands M = Millions B = Billions | ||
OFI Top Compensated Officers
Mr. James Rudis
Chairman, Chief Executive Officer and Preside...
Age: 59
Total Annual Compensation: $604.0K
Ms. Tracy E. Quinn
Interim Chief Financial Officer and Principal...
Age: 54
Total Annual Compensation: $365.2K
Mr. Richard A. Horvath
Senior Vice President and Secretary
Age: 63
Total Annual Compensation: $175.4K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Overhill Farms Inc. (OFI)
Overhill Farms Inc. Enters into Sales and Distribution Agreement with J. R. Simplot Company
09/30/2009
Overhill Farms Inc. announced that it has entered into a sales and distribution agreement with J. R. Simplot Company which designates Simplot as the exclusive distributor of Overhill Farms products to some of the nation's largest foodservice accounts.
Overhill Farms Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 28, 2009
08/7/2009
Overhill Farms Inc. reported earnings results for the third quarter and nine months ended June 28, 2009. For the quarter, the company reported net revenues of $54.5 million and net income of $2.6 million or $0.16 per basic and diluted share against the net revenues of $62.4 million and net income of $3.2 million or $0.20 per basic and diluted share for the third quarter of fiscal 2008. Operating income was $4.7 million, income before income tax expense of $4.2 million against operating income was $6.2 million, income before income tax expense of $5.3 million for the same period a year ago. For the nine months, the company reported net income of $6.9 million or $0.44 per basic share and $0.43 per diluted share, compared to $7.9 million or $0.50 per basic and diluted share a year earlier. Income before income tax expense was $11.3 million against $13.4 million for the same period a year ago. Operating income was $13.2 million compared to $16.3 million a year earlier. Revenues were $161.4 million, a decrease of $24.3 million, or 13.1%, from the $185.7 million for the first nine months of fiscal 2008.
Overhill Farms Inc. expected to Report Fiscal Year 2009 Results on December 7, 2009. This event was calculated by Capital IQ (Created on August 7, 2009).
08/7/2009
Overhill Farms Inc. expected to Report Fiscal Year 2009 Results on December 7, 2009. This event was calculated by Capital IQ (Created on August 7, 2009).
OFI Competitors
| Company | Last | Change |
| Armanino Foods of Distinction Inc | $0.45 USD | 0.00 |
| Bridgford Foods Corp | $8.61 USD | -0.314 |
| Cuisine Solutions Inc | $0.65 USD | 0.00 |
| Monterey Gourmet Foods Inc | $2.68 USD | 0.00 |
| Smithfield Foods Inc | $16.22 USD | -0.21 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | OFI | Industry Range |
| Price/Earnings | 10.1x |
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| Price/Sales | 0.4x |
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| Price/Book | 3.1x |
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| Price/Cash Flow | 9.9x |
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| TEV/Sales | 0.3x |
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OFI transactions
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| No transactions in the last 6 months. | ||
More Recent News About Overhill Farms Inc.
More news for OFI
Overhill Farms to Join Russell 2000, Russell 3000 and Russell Global Indexes
Expired Yahoo - Document Has Expired/iw/090615/0510743.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Overhill Farms Reports Revenues of $54.5 Million, Net Income of $2.6 Million, for Third Quarter
LOS ANGELES, CA--(Marketwire - 08/07/09) - Overhill Farms, Inc. (AMEX:OFI - News) reported net revenues of $54.5 million and net income of $2.6 million ($0.16 per basic and diluted share) for the third quarter ended June 28, 2009. For the third quarter of fiscal 2008, the company previously reported net revenues of $62.4 million and net income of $3.2 million ($0.20 per basic and diluted share).Compared to the second quarter of fiscal year 2009, when net revenues were $51.6 million and net income was $1.8 million ($0.11 per basic and diluted share), the third quarter reflected a 44% increase in net income (approximately $0.05 per share) on a 5.6% increase in revenues.James Rudis, Chairman and Chief Executive Officer of Overhill Farms, said, "Due to the negative economic climate, many of our customers have experienced reduced sales and competitive pressure on prices. While the economy has clearly affected Overhill Farms' revenues and will continue to do so in the near-term, we have been able to record strong profits by controlling costs and improving productivity wherever possible."Mr. Rudis added, "Equally important, we have developed additional business from new and existing accounts, and intend to continue to do so. Our performance, in both efficiency and new sales, supports our belief that the outlook for our company remains positive, particularly in fiscal 2010 if, as we expect, economic conditions begin to improve."Mr. Rudis said the latest quarterly results, which reflect current economic conditions, cont...Click here to read the whole Article (external link)
Overhill Farms, Inc. Sues Nativo Lopez for Defamation and Extortion
LOS ANGELES, CA--(Marketwire - 07/01/09) - Overhill Farms, Inc. (AMEX:OFI - News) today announced that it has filed a lawsuit against Nativo Lopez and six other leaders of an unlawful campaign aimed at coercing the company to violate federal law by rehiring former employees who have no legal right to work in the United States. The complaint includes charges of extortion, defamation and intentional interference with the company's relationships with its customers, its employees, and the union which represents the majority of those employees.The lawsuit, filed in Orange County Superior Court, seeks damages, penalties and an injunction barring the defendants and others acting on their behalf from making untrue statements about the company, interfering with its business or engaging in other unfair business practices.The complaint says the defendants have been making "maliciously false and recklessly misleading and inflammatory statements" about the company to the news media, the public and customers and employees of Overhill Farms.As part of their campaign to coerce the company to rehire the illegal employees, the defendants have repeatedly made statements and distributed literature claiming that Overhill Farms is a racist company. This ignores the fact that while a majority of the dismissed employees were Hispanic and women, so were their replacements.The defendants have also made defamatory allegations of discriminatory firings by the company, intentional violations of its union contract, unfair labor practices, a...Click here to read the whole Article (external link)
OppenheimerFunds appoints 2 executives
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
OVERHILL FARMS INC Financials
PERIOD ENDING28-Jun-0929-Mar-0928-Dec-0828-Sep-08Total Revenue54,501 51,583 55,272 53,083 Cost of Revenue47,115 45,816 47,765 46,629 Gross Profit7,386 5,768 7,508 6,454 Operating ExpensesResearch Development - - - - Selling General and Administrative2,672 2,296 2,534 2,155 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss4,714 3,472 4,973 4,300 Income from Continuing OperationsTotal Other Income/Expenses Net - - - 55 Earnings Before Interest And Taxes4,714 3,472 4,973 4,355 Interest Expense491 526 814 797 Income Before Tax4,223 2,946 4,159 3,558 Income Tax Expense1,651 1,152 1,626 1,140 Minority Interest - - - - Net Income From Continuing Ops2,572 1,794 2,533 2,417 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - &...Click here to read the whole Article (external link)
OVERHILL FARMS INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements The following discussion and analysis should be read in conjunction with our condensed financial statements and notes to condensed financial statements included elsewhere in this report. This report, and our condensed financial statements and notes to our condensed financial statements, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements generally include the plans and objectives of management for future operations, including plans and objectives relating to our future economic performance and our current beliefs regarding revenues we might earn if we are successful in implementing our business strategies. The forward-looking statements are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "continue," "efforts," "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "strategy," "will," "goal," "target," "prospects," "optimistic," "confident," "likely," "probable" or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), on-going business strategies or prospects, and possible future company actions, which may be provided by management, are also forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variet...Click here to read the whole Article (external link)
Overhill Farms inks distribution agreement
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Overhill Farms Announces Sales and Distribution Agreement With J. R. Simplot Company
LOS ANGELES, CA--(Marketwire - 09/30/09) - Overhill Farms, Inc. (AMEX:OFI - News) today announced that it has entered into a sales and distribution agreement with J.R. Simplot Company which designates Simplot as the exclusive distributor of Overhill Farms products to some of the nation's largest foodservice accounts. "We are very pleased to forge this partnership with Simplot, which has strong, long-established relationships with leading foodservice chains across the nation," said James Rudis, Chairman and CEO of Overhill Farms. "We believe the Simplot team's broad reach and high level of professionalism will accelerate the growth of our increasingly important foodservice business, and that this agreement can be a first step in an expanding relationship with Simplot."Mr. Rudis noted that sales to foodservice customers are now the second largest source of revenues for Overhill Farms, after sales to retail customers. He said the company will continue to service its existing foodservice accounts and new foodservice customers who are not among those assigned to Simplot.With annual sales of approximately $4.5 billion, J.R. Simplot is one of the largest privately held companies in the United States. It is a diversified company whose activities range from food production and sales to farming, ranching, mining and fertilizer manufacturing. Simplot, based in Boise, provides high-quality French fries, potato products, fruits, vegetables and other value-added specialty products to the foodservice industry and to major restaurant chains...Click here to read the whole Article (external link)
Overhill Farms inks distribution agreement
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Clarification: Overhill Farms contract story
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
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