Armanino Foods of Distinction Inc (AMNF)

[31set]

Q1 2017 set records for a Q1 with sales (+1%) and profits (+3%) up over Q1 2016 despite a 2nd Q in a row of weakness in Asian markets. The plant expansion is still expected to be complete by the end of Q3 2017.

The big news was that subsequent to the end of Q1, AMNF secured business from a new and substantial US customer. This important news bodes well for the future. The company anticipates fulfilling initial orders in the next few months.

This is great news! Lack of adequate distribution has held AMNF back for a long time. With the new plant expansion being completed soon, AMNF is in a strong position to fulfill orders from this and other new customers. The company has often referred to unspecified exciting new opportunities that they have been working on in quarterly reports over the past several years. Maybe this new customer is the start of the realization of some of these possibilities? At any rate, although Q1 2107 saw only modest increases to results, the company appears poised for accelerated growth.

Hang in there, everyone. Looking like a strong finish to 2017 for AMNF to me!