American Crystal Sugar Co (PK:ASCS)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | 101 3rd St N MOORHEAD MN 56560-1952 |
| Tel: | N/A |
| Website: | https://www.crystalsugar.com |
| IR: | See website |
| Key People | ||
| Kelly Erickson Chairman of the Board | Zach Olson Factory Manager | Thomas S. Astrup Chief Executive Officer, Member of the Senior Management Team, President |
| Perry Skaurud Vice Chairman | Kevin L. Price Vice President | Steve Rosenau Vice President |
| Daniel C. Mott General Counsel, Secretary | Dave Garland General Manager | Randy Axtman Factory Manager | Nolan Braseth Factory Manager |
| Business Overview |
| American Crystal Sugar Company is an agricultural cooperative company, which is engaged in the production of sugar and related agri-products. The Company's segments include Sugar and Leasing. The sugar segment is engaged primarily in the production and marketing of sugar from sugarbeets. It also sells agri-products and sugarbeet seed. The leasing segment is engaged in the leasing of a corn wet milling plant used in the production of high-fructose corn syrup. The Company produces a range of industrial sugar products, such as Commercial Sugars, Bottlers Sugars, Canners Sugars, Liquid Sugar, Granulated Sugar, Powdered Sugar and Brown Sugar, for industrial customers. Its sugar processing approach results in a range of agri-products made from sugar beets. Its agri-products include beet pulp pellets, beet pulp shreds, beet molasses and raffinate. |
| Financial Overview |
| For the fiscal year ended 31 August 2015, American Crystal Sugar Co revenues decreased 12% to $1.22B. Net income decreased 16% to $421.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Interest Expense increase of 25% to $8.5M (expense), Other, Net decrease of 38% to $87K (income). |
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