May 15, 2012

Michael Foods' net income in the first quarter, concluding at March 31, amounts to US$9,352,000, a gain primarily reflecting on the 2011 credit agreement refinancing-related costs of about US$8.1 million.

Net sales increased 7% to US$444,826,000 from US$417,101,000.

Based in Minnetonka, US, Michael Foods produces and distributes food products to the food service, retail and food ingredient markets. Its main products are eggs, refrigerated potato products, cheese and other dairy-case products.