Omega Protein reports highest quarterly revenue in history
Omega Protein released its third quarter financial results, including the highest quarterly revenues and gross profits in the company’s history, credited to “strong pricing and yields in our animal nutrition segment and contributions from the protein business recently acquired by our human nutrition segment.”
Omega Protein reported its third quarter results including revenues of USD 87.6 million (EUR 64.8 million), up 4 percent from the same quarter last year.
Net income was also up to USD 14 million (EUR 10.4 million) compared to USD 200,000 (EUR 148,059) in the same time period in 2012. Adjusted EBITDA was USD 27.1 million (EUR 20 million), up from USD 11.6 million (EUR 8.6 million) in the same period in 2012.
“We continue to make progress on our goal of building a more balanced nutrition company by growing our human nutrition business through the expansion of our dairy protein facility and additional value-added product offerings, a strategy we believe will generate stronger returns and decreased volatility over time,” said Bret Scholtes, Omega Protein's president and CEO.