US food group Michael Foods has booked an increase in third-quarter profits on the back of higher sales and lower finance costs.

The company, which manufactures a range of egg lines, refrigerated potato items and dairy products, posted net earnings of US$8.7m for the three months to 29 September, compared to profits of $570,000 a year earlier. Adjusted EBITDA was up 10.3% at $61m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Michael Foods pointed to higher volumes and said margins had improved after better matching pricing to its input costs. Net sales increased 2.5% to $470.9m.

President and CEO Jim Dwyer said: “Our volume and revenue growth is being driven by new distribution and increased velocity with existing customers. We are also seeing the continued effectiveness of our pass-through pricing mechanisms and continuous improvement programmes.”

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now