SmallCapReview.com a leading site for small cap information is adding Imperial Sugar (Nasdaq: IPSU) to its list of stocks "On the Radar".
Imperial Sugar Company (IPSU) is one of the largest processors and marketers of refined sugar in the United States to food manufacturers, retail grocers and foodservice distributors. Imperial engages in the refining, packaging, and national distribution of granulated, powdered, liquid, and brown sugars under the Dixie Crystals, Imperial, and Holly brand names, as well as under private labels.
The company, through its joint venture, also markets organic cane sugar, agave syrup, honey, estandar, and other specialty sugars in Mexico and Canada. IPSU has sales of over $1 billion and a completely new management team from the board of directors down to most on the VP level in the last three years.
Imperial Sugar products have been available to Texans for over 100 years. The Dixie Crystals brand has been supplying the same great product to the southeast since 1917.
IPSU makes an interesting domestic play in sugar, the Company has teamed with Sugar Growers and Refiners Inc., and Cargill to form a joint venture that will lead to the construction of a new sugar refinery in Gramercy, LA, when completed it will be the largest sugar refinery in the United States.
IPSU Investor Highlights
The Port Wentworth, Georgia refinery continues to ramp up production with the installation of new lines and is expected to be fully operational in the second quarter of fiscal 2010.
IPSU as one of the largest refiners of cane sugar produces a wide assortment of industrial products for sale throughout the United States. These products include both bulk and liquid sugars for the industrial community, along with a wide range of packaged sugars.
Announced that it expects to recognize pre-tax gains of approximately $278 million in its first fiscal quarter ending December 31, 2009, as a result of a property insurance claim for the February 2008 industrial accident at its Port Wentworth, Georgia facility. A final $45 million payment on the claim is expected to be received in early January.
New product launches in 2009 included Redi-Measure brown sugar ¼ cup packets, Bakers Supreme natural ingredient frosting mixes and ready-to-use ice tea liquid sweetener.
Declared a regular quarterly cash dividend of $0.02 per common share.
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