Charles J. Hardin
On April 1, 2024, Charles J. Hardin, Senior Vice President – Sales of Cal-Maine Foods, Inc. (the “Company”) informed the Board of his retirement effective July 23, 2024.
Highest-materiality recent filing
Cal-Maine Q3 net income falls 90% to $50.5M; revenue down 53% to $667M
Net income attributable to Cal-Maine of $50.5M ($1.06 diluted EPS), down 90.1% vs prior year.
Cal-Maine Foods acquires Creighton Brothers shell egg and egg products assets for ~$128.5M
Purchase price ~$128.5M (subject to adjustments); funded with available cash on hand.
Cal-Maine Foods Q2 fiscal 2026 EPS $2.13, down 52.3%; net sales $769.5M, down 19.4%
Net income $102.8M, down 53.1%; diluted EPS $2.13 vs $4.47 year ago.
Cal-Maine Foods director Camille S. Young fails to be elected at annual meeting
Director Camille S. Young received 15,357,286 votes for and 21,666,646 withheld, failing to be elected.
Cal-Maine Foods Q1 FY2026 net sales $922.6M (+17.4%); EPS $4.12 (+34.6%)
Net income $199.3M (+32.9%); diluted EPS $4.12 vs $3.06 a year ago.
Cal-Maine Foods Q4 net income $342.5M, EPS $7.04; FY2025 EPS $24.95 on higher egg prices
Q4 net sales $1.1B, net income $342.5M ($7.04 diluted EPS), vs $640.8M and $113.2M ($2.32) last year.
Cal-Maine Foods closes $258M acquisition of Echo Lake Foods
All-cash deal closed at ~$258M; tax benefit of ~$28M brings effective price to ~$230M.
2,978,740 shares sold by four daughters of late founder and board chair at $92.75/share; company received $0 proceeds.
Cal-Maine eliminates dual-class stock structure; Daughters' LLC loses majority voting control
All 4,800,000 Class A shares converted into Common shares on April 14, 2025, with one vote per share (down from ten).
Cal-Maine Foods Q3 net income $508.5M, EPS $10.38; buys Echo Lake Foods for $258M
Diluted EPS of $10.38 vs $3.00, net sales $1.4B vs $703.1M in prior-year quarter.
Obtained lender consent to amend credit agreement to exclude Class A conversion from Change of Control definition.
Cal-Maine founder family may sell voting control; board classified, cumulative voting eliminated
Daughters' LLC holds 52% voting power; if all Class A shares converted to common, voting power falls to 12%.
Cal-Maine Q2 net income $219.1M ($4.47 EPS) up from $17.0M; sales $954.7M
Net sales $954.7M (+82% YoY) driven by higher egg prices and record total dozens sold (329.8M).
Cal-Maine Foods Q1 net income $150M ($3.06 EPS) on $785.9M sales; record dozens sold
Net sales $785.9M vs $459.3M a year ago; net income $150.0M ($3.06 diluted EPS) vs $926K ($0.02 EPS).
Cal-Maine Foods reports Q4 net income $113.2M ($2.32 EPS) on sales of $640.8M
Q4 net sales $640.8M, down 7% from $688.7M in prior-year period (13 vs 14 weeks).
Cal-Maine Foods completes $110M acquisition of ISE America egg production assets
Acquisition adds 4.7M laying hens (1.0M cage-free) and 1.2M pullets capacity.
Net sales $703.1M vs $997.5M YoY; net income $146.4M ($3.00 diluted EPS) vs $323.2M ($6.62).
On April 1, 2024, Charles J. Hardin, Senior Vice President – Sales of Cal-Maine Foods, Inc. (the “Company”) informed the Board of his retirement effective July 23, 2024.
Max materiality 0.85 · Median 0.73 · Most common event earnings