Performance Food Group Files Form 10-K
Posted on: Monday, 6 March 2006, 12:01 CST
Performance Food Group (NASDAQ:PFGC) today announced the filing of its Form 10-K for the year ended Dec. 31, 2005. Final year end results included an additional gain in discontinued operations (related to the evaluation of year end deferred tax balances of approximately $1.9 million resulting from the sale of the Company's fresh-cut business) compared to the Company's preliminary results announced on Feb. 7, 2006. While the increase in the reported gain in discontinued operations increased the Company's net income, there was no effect on income from continuing operations or diluted earnings per share from continuing operations.
Performance Food Group markets and distributes more than 66,000 national and private label food and food-related products to approximately 44,000 restaurants, hotels, cafeterias, schools, healthcare facilities and other institutions. For more information on Performance Food Group, visit www.pfgc.com.
Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on current expectations and management's estimates; actual results may differ materially. The risks and uncertainties which could impact these statements include, but are not limited to, general economic conditions; the Company's ability to achieve projected operational efficiencies and increase sales; the relatively low margins and economic sensitivity of the foodservice business; the Company's reliance on major customers; the risk that the results of the Securities and Exchange Commission informal inquiry could have an adverse affect on the Company; the ability to identify and successfully complete acquisitions of other foodservice distributors; the Company's ability to successfully develop, produce and market new products and management of the Company's planned growth, all as detailed from time to time in the reports filed by the Company with the Securities and Exchange Commission.
Source: Business Wire
Related Articles
- Sunbelt Software Outperforms 'Bloatware' Competitors in Independent Endpoint Security Performance Testing
- 9/11 Commission Reconvenes as Bipartisan Policy Center's National Security Preparedness Group
- BMHC Reaches Agreement With Secured Lender Group on Plan to Restructure Balance Sheet
- Global Security Capital Group LLC and Civitas Group llc to Partner on Providing Leasing Finance to Companies in the Defense, Homeland and National Security Sectors
- Tyson Foods Plans to Purchase Stake in Xinchang Group, Says Country Manager
- JetBlue Statement Regarding Operational Impact Today
- Verizon Business Opens Government Network Operations and Security Center
- Equity Performance Group Issues Investment Profile on Aida Pharmaceuticals
- Aida Pharmaceuticals Retains Equity Performance Group for Investor Relations
- Multiple Episodes of Mild Traumatic Brain Injury Result in Impaired Cognitive Performance in Mice
 |
 |
User Comments (0)
RSS Feeds