Cal-Maine Foods Q3 net income $508.5 million; agrees to buy Echo Lake Foods
For the quarter ended March 1, 2025, Cal-Maine reported net sales of $1.4 billion, up from $703.1 million a year earlier, as average selling prices rose amid tight egg supply from avian influenza. The company also signed a definitive agreement to acquire Echo Lake Foods for approximately $258 million in cash, with closing expected by the end of fiscal 2025. Higher profit and the planned acquisition are the main items for shareholders.
Key points
- Net income attributable to Cal-Maine was $508.5 million, or $10.38 per diluted share, versus $146.7 million, or $3.00 per diluted share, a year earlier.
- Net average selling price was $4.060 per dozen, compared with $2.247 a year earlier.
- Echo Lake Foods acquisition for approximately $258 million, excluding expected tax assets, to be funded with cash on hand; closing expected by end of fiscal 2025.
- Cash dividend of approximately $3.46 per share, payable May 15, 2025 to holders of record on April 30, 2025; no shares were repurchased under the $500 million program in the quarter.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.