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"Net Income Is 10 Cents per Share or $1,556,000 on Net Revenues of $40,538,000  
   
   
Approximate Financial Snapshot as of 3/19/07
Shares Outstanding 15.3M
52 Wk Hi/Lo 7.05/

2.50

Market Cap $93.4M
Recent Price $6.12

 

 

3/19/07

Overhill Farms (OFI)

Website: www.overhillfarms.com

A Custom Manufacturer of Frozen Food Products


Overview

Overhill Farms (OFI) operates as a custom manufacturer of frozen food products in the United States. Its products include entrees, plated meals, meal components, soups, sauces, poultry, and meat and fish specialties. The company offers its products to foodservice, retail, and airline customers through its internal sales force and outside food brokers.

With 800 employees and more than 225,000 square feet of state-of-the-art manufacturing facilities, the Company can cost-effectively meet the unique requirements of many nationally recognized customers.

Overhill Farms has 35 years experience in the retail, foodservice, healthy eating, airline, and warehouse club segments.

This is an abbreviated profile and we encourage readers interested in learning more about Overhill Farms to visit the company website at www.overhillfarms.com.


OFI Investor Highlights

  • Announced a planned $7 million expansion of the manufacturing capacity of its main Vernon, California plant. Overhill Farms plans to use the new machinery and systems to meet anticipated growth and improve operating efficiency.
  • James Rudis, Chairman and CEO said the new equipment and infrastructure improvements are expected to increase Overhill Farms' production capacity to permit annual sales of approximately $250 million. In January, Mr. Rudis said the company expects to be at an annual revenue run rate of $200 million by the third quarter of fiscal 2007. Overhill Farms reported revenues of $168.3 million in fiscal 2006.
  • Reported record net income of $1,556,000 or 10 cents per share (basic and diluted) for the first quarter ended December 31, 2006, on revenues for the quarter of $40,538,000. This represents a 156.3% increase in net income from the $607,000 or 4 cents per share for the first quarter of last year.
  • Announced that it has signed a three-year agreement to produce meals for a major national food brand. The agreement is expected to generate sales of approximately $43 million during the first year. Production began in January and is scheduled to build steadily over the coming months.

Recent News and Press Releases

Overhill Farms Announces $7 Million Expansion Plan

Overhill Farms Reports Record First Quarter Earnings, Projects $200 Million Annual Revenue Run Rate

Overhill Farms, Inc. Signs New Key National Account

For the latest Quote and News on OFI Click Here.


Three Month Chart



Outlook

Overhill Farms, Inc., a micro-cap value company in the consumer non-durables sector, is expected to significantly outperform the market over the next six months with average risk. Source MSN


Contacts

Overhill Farms Inc.

2727 East Vernon Avenue
Vernon, CA 90058
Phone: 323-582-9977
Fax: 323-582-6122


SEC Filings

OFI filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


Disclaimer

SmallCapReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of OFI, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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