Imperial Sugar Company (NASDAQ:IPSU) has released the financial results for its fourth quarter for fiscal year 2009. The company reported a loss from continuing operations of $188,000. The company lost $5.4 million during the same period of fiscal 2008. Its pre-tax gain was $27.9 million, attributed to domestic raw sugar futures contracts to hedge fiscal 2010 purchases.
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The company hosted a conference call to review the financial results shortly after the financial release. Imperial Sugar President and CEO John Sheptor, and Senior Vice President and CFO Hal Mechler joined the call. Interested parties may hear a webcast of the call on the Investor Relations page of the company’s website at www.imperialsugar.com/fw/main/Home-771.html.
Imperial Sugar Company is engaged in processing and marketing of refined sugar in the United States. The Company refine, package and distribute sugar at facilities located in Georgia and Louisiana. In addition, through joint venture operations the Company markets sugar and other sweeteners in Mexico and Canada. The Company offers a range of product line and sells to a range of customers directly and indirectly through wholesalers and distributors. The Company’s customers include retailers, restaurant chains, distributors and industrial customers, principally food manufacturers. The Company’s products include granulated, powdered, liquid and brown sugars marketed in a range of packaging options (six oz shakers to 50-pound bags and in bulk) under a range of brands (Dixie Crystals, Holly Imperial and Wholesome Sweeteners) or private labels. In addition, the Company produces selected specialty sugar products.
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