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FOOD & BEVERAGES | Wholesale food distributors
farner-bocken.com

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Stage

Acquired | Acquired

Valuation

$0000 

About Farner-Bocken

Farner-Bocken is a distributor of convenience food service products.

Farner-Bocken Headquarter Location

1751 Highway 30 East

Carroll, Iowa, 51401,

United States

800-274-8692

Latest Farner-Bocken News

Core-Mark Holding missed estimates in Q1

May 8, 2018

Core-Mark Holding missed estimates in Q1 May 8, 2018 9:23 AM ET Core-Mark Holding (NASDAQ: CORE ) reports Non-cigarette sales growth of 24.7% in Q1 , driven by net market share gains, including Farner-Bocken, Walmart and incremental food/non-food sales to existing customers. Cigarette sales rose 2%, benefited from contributions from Farner-Bocken acquisition, increases in both California excise taxes and cigarette manufacturer prices. Food sales grew 16.9% and Fresh sales increased 13.6% during the quarter. Gross margin rate improved 32 bps to 5.22%. Adjusted EBITDA expanded 24% to $24.3M. FY2018 Guidance: Net sales: $16.6 to $16.8B; Adjusted EBITDA: $157 to $167M; Diluted EPS: $0.84 to $1.00; Diluted EPS (excl. LIFO expense): $1.13 to $1.29; Capex: ~$30M; Tax rate: 25%; Fully diluted shares outstanding: 46.4M.

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