Goodfellow Sees Income Go Up

Goodfellow Inc. (Delson, Quebec) reported net income for the fiscal year 2010 of $12.7 million, or $1.48 per share, compared with net income of $7.5 million, or $0.87 per share during fiscal 2009. Net sales for its fiscal year ended Aug. 31 were $504.5 million, compared with $437.9 million in 2009. The company reported fourth quarter net income of $4.9 million, or $0.57 per share, down from $5.3 million, or $0.62 per share, during the fourth quarter of 2009. Sales for the fourth quarter increased to $147.4 million from $125.3 million during the year-ago period. "The fourth quarter was marked by a colossal effort to grow our market share, taking advantage of our healthy inventories," said Goodfellow President and CEO Richard Goodfellow. The full report can be viewed here.