SOURCE: Industrial Info Resources

Industrial Info Resources

June 24, 2011 06:30 ET

ConAgra Posts Strong Gains for Fourth-Quarter, Full-Year Fiscal 2011, Despite Inflationary Headwinds, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 24, 2011) - Leading North American food company ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) reported strong profits for fiscal fourth-quarter and full-year 2011, as pricing gains, cost savings and improved sales offset the effects of inflation late in the fourth quarter. Net income was reported to be $254.9 million for the quarter, compared with $90.6 million in fiscal fourth-quarter 2010, and $818.8 million for the year, a 13.2% increase from fiscal 2010.

Industrial Info is tracking 11 active ConAgra projects in the U.S. that are worth a total of more than $205 million, including a $50 million expansion at a nutritional bars food manufacturing plant in Grand Rapids, Michigan. For more information, visit Industrial Info's North American Food & Beverage Industry Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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