The Earthgrains Company (NYSE: EGR), the second-largest U.S. packaged bread producer and maker of Earth Grains and IronKids breads, today reported first-quarter earnings per diluted share of $0.34, an increase of 25.9 percent from the year-ago period's $0.27 per diluted share. Net income increased by 32.1 percent to a first-quarter record of $14.4 million, compared with $10.9 million a year ago.