Hanover Foods Corporation (HNFSB)

Hanover Foods Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Aug 29, 2004	May 30, 2004	Jun 1, 2003	Jun 2, 2002	Jun 3, 2001	May 28, 2000
Revenue	330.81	318.03	290.31	290.23	293.05	277.33
Revenue Growth (YoY)	12.60%	9.55%	0.03%	-0.96%	5.67%	-3.45%
Cost of Revenue	283.05	270.98	244.3	245.67	253.21	225.29
Gross Profit	47.76	47.05	46.01	44.55	39.84	52.04
Selling, General & Admin	28.52	28.17	27.96	28.93	27.19	34.74
Operating Expenses	28.52	28.17	27.96	28.93	27.19	34.74
Operating Income	19.25	18.88	18.05	15.62	12.65	17.3
Interest Expense	-2.34	-2.32	-2.79	-3.6	-4.63	-4.04
Currency Exchange Gain (Loss)	-0.12	-0.12	-0.02	-0.18	-0.06	-0.32
Other Non Operating Income (Expenses)	0.45	0.54	0.14	0.32	0.57	0.47
EBT Excluding Unusual Items	17.24	16.97	15.38	12.17	8.53	13.41
Gain (Loss) on Sale of Investments	-0.02	-0.02	0.02	0.11	0.62	0.14
Gain (Loss) on Sale of Assets	0.07	0.07	0.13	0.12	0.01	0.09
Pretax Income	17.29	17.03	15.53	12.39	9.16	13.65
Income Tax Expense	5.68	5.59	5.65	5.12	2.5	5.03
Net Income	11.61	11.44	9.87	7.27	6.66	8.62
Preferred Dividends & Other Adjustments	0.04	0.04	0.04	0.04	0.04	0.04
Net Income to Common	11.57	11.4	9.83	7.23	6.62	8.58
Net Income Growth	17.25%	15.87%	35.80%	9.16%	-22.72%	-9.64%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	0.46%	0.53%	0.57%	0.18%	-0.16%	-0.34%
EPS (Basic)	15.97	15.74	13.64	10.10	9.26	11.99
EPS (Diluted)	15.73	15.51	13.46	9.97	9.15	11.82
EPS Growth	16.71%	15.26%	35.03%	8.96%	-22.60%	-9.33%
Free Cash Flow	-6.3	1.91	17.52	12.12	-2.87	-2.55
Free Cash Flow Per Share	-8.53	2.58	23.88	16.61	-3.94	-3.50
Dividend Per Share	1.100	1.100	1.100	1.100	1.100	1.210
Dividend Growth	-	-	-	-	-9.09%	-4.35%
Gross Margin	14.44%	14.79%	15.85%	15.35%	13.60%	18.76%
Operating Margin	5.82%	5.93%	6.22%	5.38%	4.32%	6.24%
Profit Margin	3.50%	3.58%	3.39%	2.49%	2.26%	3.09%
Free Cash Flow Margin	-1.90%	0.60%	6.04%	4.17%	-0.98%	-0.92%
EBITDA	29.26	28.79	27.65	25	21.2	24.98
EBITDA Margin	8.84%	9.05%	9.53%	8.61%	7.24%	9.01%
D&A For EBITDA	10.01	9.92	9.6	9.38	8.55	7.68
EBIT	19.25	18.88	18.05	15.62	12.65	17.3
EBIT Margin	5.82%	5.93%	6.22%	5.38%	4.32%	6.24%
Effective Tax Rate	32.86%	32.81%	36.41%	41.33%	27.27%	36.85%
Advertising Expenses	-	0.71	0.73	0.72	0.78	8.2

Updated Oct 13, 2004. Source: S&P Global Market Intelligence. Standard template. Financial Sources.