B&G Foods

Food & Beverage Retail groceries packaging

B&G Foods manufactures, sells and distributes a portfolio of shelf-stable and frozen foods. The Company's products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, pizza crusts, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, New York Style, Old London, Original Tings, Ortega, Spice Islands, Spring Tree and more.

Revenue(FY, 2017)

$1.7 B

Market capitalization(2018-07-11)

$2.1 B

Type

Public

Parsippany-Troy Hills, US

Founded

1889

Size (employees)

2,590 (est)

Website

bgfoods.com

B&G Foods was founded in 1889 and is headquartered in Parsippany-Troy Hills, US

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Key People/Management at B&G Foods

Robert C. Cantwell

President, Chief Executive Officer and Director

Eric H. Hart

Executive Vice President of Human Resources and Chief Human Resources Officer

William F. Herbes

Executive Vice President of Operations

Scott E. Lerner

Executive Vice President, General Counsel, Secretary and Chief Compliance Officer

Vanessa E. Maskal

Executive Vice President of Sales and Marketing

Kenneth G. Romanzi

Executive Vice President and Chief Operating Officer

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B&G Foods Office Locations

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B&G Foods has an office in Parsippany-Troy Hills

Parsippany-Troy Hills, US (HQ)

4 Gatehall Dr

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B&G Foods Financials and Metrics

B&G Foods Revenue

B&G Foods's revenue was reported to be $1.67 b in FY, 2017

Summary

USD
Revenue (Q1, 2018)	431.7 m
Gross profit (Q1, 2018)	103.4 m
Gross profit margin (Q1, 2018), %	23.9%
Net income (Q1, 2018)	20.5 m
EBIT (Q1, 2018)	56.2 m
Market capitalization (11-Jul-2018)	2.1 b
Closing share price (11-Jul-2018)	31
Cash (31-Mar-2018)	118.1 m
EV	4 b

B&G Foods's current market capitalization is $2.1 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	725 m	848 m	342.3 m	966.4 m	1.7 b
Revenue growth, %		17%	(60%)	182%
Cost of goods sold	482.1 m	600.2 m			1.2 b
Gross profit	242.9 m	247.8 m			462.2 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q3, 2015	Q1, 2016	Q2, 2015	Q3, 2016	Q1, 2016	Q2, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	181.4 m	198.1 m	202.9 m	209 m	213.3 m	217.1 m	193.6 m	318.2 m	353 m	306.4 m	417.9 m	368.1 m	408.4 m	431.7 m
Cost of goods sold	120.1 m	133.5 m	139.9 m	145.9 m	141.7 m	149.7 m	131.6 m	202.8 m	237.1 m	196.7 m	291.1 m	257.1 m	285.1 m	328.4 m
Gross profit	61.3 m	64.7 m	63 m	63.1 m	71.6 m	67.4 m	62 m	115.4 m	115.9 m	109.7 m	126.8 m	111 m	123.3 m	103.4 m
Gross profit Margin, %	34%	33%	31%	30%	34%	31%	32%	36%	33%	36%	30%	30%	30%	24%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	4.1 m	1.5 m	5.2 m	28.8 m	206.5 m
Accounts Receivable
Inventories	101.3 m	106.6 m		356.6 m	501.8 m
Current Assets	181.7 m	196.5 m	463.2 m	549.8 m	886.6 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q3, 2015	Q1, 2016	Q2, 2015	Q3, 2016	Q1, 2016	Q2, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	12.3 m	17 m	4 m	6 m	45.9 m	23.7 m	98.5 m	240.6 m	65.2 m	107.6 m	31.8 m	51.7 m	22.6 m	118.1 m
Accounts Receivable	56.9 m	55.4 m	58.4 m	68.4 m	63.4 m	55.8 m	50.4 m	90.6 m	72.6 m	71.2 m	148.3 m	125.2 m		160.8 m
Inventories	110 m	103.5 m	119.7 m	132.9 m	133.2 m	107 m	119.1 m	341.3 m	260.5 m	262.7 m	359.8 m	420.4 m	487.4 m	455.4 m
Current Assets	192.8 m	185.4 m	204.8 m	232.1 m	258.2 m	207.6 m	289.6 m	754.9 m	462 m	486.8 m	573.2 m	631.3 m	724.5 m	767.8 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	52.3 m	41 m	69.1 m	109.4 m	217.5 m
Depreciation and Amortization	9.9 m	12.7 m	28.7 m	37.3 m	49.2 m
Inventories	(3.7 m)	(7.7 m)		39.6 m	(139.5 m)
Accounts Payable	9.2 m	(8.4 m)		7.8 m	16.6 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q3, 2015	Q1, 2016	Q2, 2015	Q3, 2016	Q1, 2016	Q2, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	33.6 m	17.8 m	33.9 m	29.5 m	58.1 m	19.6 m	38.3 m	95.9 m	33.2 m	63.4 m	32.8 m	54.8 m	32.7 m	20.5 m
Depreciation and Amortization	17 m	6.9 m	13.9 m	20.8 m	20.5 m	6.5 m	13.4 m	26.8 m	9 m	18.2 m	12.2 m	24.5 m		13.1 m
Inventories	(16 m)	(2.7 m)	(16.3 m)	(32.4 m)	(25.5 m)	(535 k)	(12.7 m)	(29.9 m)	53.8 m	50.7 m	(1.4 m)	(60.6 m)	487.4 m	46.1 m
Accounts Payable	(3.5 m)	(12.8 m)	(3.6 m)	3.3 m	(6.2 m)	(11.8 m)	(7.2 m)	47.6 m	(7.7 m)	(11.7 m)	(21.8 m)	(5.3 m)		(11.4 m)