| Ticker: | CALM | 3320 Woodrow Wilson Drive | |
| Exchange: | NASDAQ-National Market | Jackson, Mississippi 39202 | |
| Industry: | Agricultural | (601) 948-6813 |
| Type of Shares: | Common Shares | Filing Date: | 10/25/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 12/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $6.50 - $7.50 | |
| Primary Shares: | 1,400,000 | Offer Price: | $7.00 | |
| Secondary Shares: | 800,000 | Gross Spread: | $0.52 | |
| Offering Amount: | $15,400,000 | Selling: | $0.28 | |
| Expenses: | $659,750 | Reallowance: | $0.10 | |
| Shares Out After: | 12,006,800 |
| Manager | Tier | Phone |
| Paulson Investment Company, Inc. | Lead Manager | (503) 243-6000 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/1/96 | 8/31/96 | 9/2/95 | 8/31/96 | ||
| Revenue: | $282.84 | $65.56 | $56.22 | Assets: | $150.35 |
| Net Income: | $10.93 | $1.10 | -$1.64 | Liabilities: | $101.38 |
| EPS: | $0.94 | $0.10 | -$0.14 | Equity: | $48.98 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is primarily engaged in the production, cleaning, grading, packing and sale of fresh shell eggs and the manufacture and sale of egg products. The company is currently the largest producer and distributor of fresh eggs in the United States selling over 7.5% of all shell eggs sold in the United States. The company primarily markets its shell eggs and egg products in 26 states, chiefly in the southwestern, southeastern, mid-western and mid-atlantic regions of the United States. The company's operations are fully integrated. It owns facilities to hatch chicks, grow pullets, manufacture feed and products, process, manufacture and distribute shell eggs and egg products. Company-owned facilities accounted for approximately 60% of total egg production in fiscal 1996, with the balance attributable to contract producers used by the company. Approximately 95% of the feed for the company-owned farms and contract producers in manufactured by the company, from purchased ingredients, in feed mills that it owns and operates. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to provide additional funds for possible future acquisitions, increase working capital and for general corporate purposes. |
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