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April 3, 2014
16:20 EDTBGSB&G Foods acquires Specialty Brands of America for $155M
B&G Foods announced that it has entered into an agreement to acquire Specialty Brands of America and related entities for approximately $155M in cash, subject to certain closing and post-closing adjustments. B&G Foods projects that following the acquisition, Specialty Brands will generate on an annualized basis after being fully integrated into B&G Foods net sales of approximately $85M and adjusted EBITDA of approximately $20M. B&G Foods intends to fund the acquisition with cash on hand and borrowings under its existing revolving credit facility. B&G Foods expects the acquisition to close during Q2 or Q3, subject to regulatory approval and the satisfaction of customary closing conditions. B&G Foods expects the deal to be immediately accretive to EPS and free cash flow.
News For BGS From The Last 14 Days
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July 27, 2015
10:00 EDTBGSOn The Fly: Analyst Initiation Summary
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07:07 EDTBGSB&G Foods initiated with an Outperform at William Blair
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July 23, 2015
17:57 EDTBGSB&G Foods raises quarterly dividend to 35c per share from 34c per share
B&G Foods announced that its board has increased the company’s quarterly cash dividend rate by 2.9% from 34c per share of common stock to 35c per share of common stock. On an annualized basis, the dividend increases from $1.36 per share to $1.40 per share. The quarterly dividend declared today is payable on October 30, to shareholders of record as of September 30.
July 22, 2015
16:13 EDTBGSB&G Foods cuts FY15 adjusted EPS to $1.44-$1.50, consensus $1.47
Raises FY15 revenue to $875M-$885M, consensus $869.94M. Raises adjusted EBITDA to $199M-$204M. EPS guidance cut "primarily due to an additional 4.2M shares outstanding following the company’s Q2 public offering."
16:11 EDTBGSB&G Foods reports Q2 adjusted EPS 34c, consensus 34c
Reports Q2 revenue $193.65M, consensus $209.19M.

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