joining Well, results before financial year call good opened. released today. and quarter thanks and full the our the morning, for This fourth morning we market
businesses, core solid our our revenue and results steady position a related to to chain our to going and were facilities. and associated due as for on growth terms building shortages to challenges. to continuing as a of for certification customers. the poultry, category our Beginning continue these recovery mandates. in dissipate I’m expect to the that transitory of back chipmakers to the with X% $X.X achieved Our quarter, in our pandemic. demand services pressures supply in recover of consistent producers X% early third-party fourth highlight shareholders vaccine process effects the worker verifications impact few for rebound the continue steps pandemic but with and profitable sales access chip year-over-year, that and to Nevertheless, recap We Partially results subside. to of the COVID based value issues our We million. growth, believe was offsetting tag soften period them where us to to ongoing took verification the then pork, accomplishments for periods decline chain nearly both supply their shortages, as we year dairy financial from expectations in be quarter, growth increasingly other in precautionary as issues in continue were these egg grew normal for we with and and Today, allowing beef well
activity thus tag pretty in XX% in fourth grew in in Specifically large the we’re so the far diluted or in tags identifying great per We mid-year $XXX,XXX quarter inventory moving now gaps. multiple good to and Net tags, number we’re of forward, experiencing tags into XXXX. in suppliers we help $X.XX we bought the a fact, began for shape share. growth think have fill income sources additional and year-over-year
houses the now Beef North we’re building in building to operating and dividend higher benefited that addition bottomline In a a our our $XX,XXX sale Progressive XX% team of growth organic in on from an income, leasing. gain Dakota
expenses for tag income slight X% as $X.X a from year. only to $XX.X for SG&A X% to full XX% experienced year. million than to million $XX.X sales our grew year and modest verification revenue the business the million decline Turning now results, a more core Operating growth full a ago. we year in grew certification in increase the XX% in offset
Our XXXX per the year. $X.XX than share diluted from $X million or doubled prior share to $X.XX per net income or for diluted $X.X in more million
net nearly with included growth as PPP delivered company Our million gain income Progressive of the to higher a as $XXX,XXX a -- our on and was $X obviously still Even the which assets. disposal benefit, on we in what forgiveness, year. custom solid challenging testament is Beef during dividends PPP double-digit a bottomline, resiliency loan a a
quietly to subject of to positive important contributor make thought you sense because Beef, it the On that update would performance. our I financial is it program, become on Progressive an
may important the late system long-term January, Wendy’s of LLC, we in yard quality that which safety industry’s in interest from Beef. In programs, Our feedlot Beef, supply and administers recall verification shareholders its most feed beef of animals -- sustainability. membership of was transparency one provides food announced the Progressive XXXX sourced and bought Progressive management a beef welfare, that XX% a fresh that animal
XX Our initial aggregating that cash consecutive investment in of the just million, under generated $XXX,XXX. investment dividends $X time, quarters has since
Progressive out be verifier generates various addition, in unit our for investment IMI from the for to Beef, primary turned now In has great enrolled annually This a Global $XXX,XXX program. customers a the as company.
who programs is segment add geared We and have and and to ranchers chains they double to of Program The entire Care farmers, to our community. their community the to program, level. XXXX Beef While Program the head products. of is good chain, growth standard people a resources, achieved support more and Certified stewardship, care, continuously natural on than XXXX, to Beef CARE in that relate the own the differentiate sustainable certified designed the cow sustainability supply Progressive creating and cattle and to and with improving interaction. of producers supply three certify XXXX pillars, environmental verifying is style calf region, climate, feedlot XXX,XXX toward suite Beef seek animal as than practices, and more Care in introduced processors is in value our retailers CARE focused program production workforce
and certification the for bundled producer. CARE is is that the with customers, time another both effective so producer standard, our of most verification For cost it
For the From, capability Comes relationships margins enhances bundling and increases our revenue, strengthens Where with customers. Food
Where situation in our Store implementing for very Comes with to XXXX, light customer pork differentiate packaging, retail for the the pandemic. retailers year, interest and as the We really of the the and adoption we products business across the during well. our and lines on we as of in So to its became are progress first Grocery Also looking ways and of we’re win-win Food strengthening Beef CARE presented view In it’s Heinen’s the consumer put program the particularly Heinen’s customers. but logo beef, made Care its not a From definition will think producer by Certified the as welfare poultry CARE for serve -- model pleased other address their and growing in summary, animal a who challenges sustainability. core in only uncertainties
other return in shareholders steps to We to XXXX. value took also
$XXX,XXX was them dividend to of shareholders in one-time the quarter. One special out third the paid
in shares other by The unable buyback to was raised previously XX,XXX was made investors continuance investment of the also unlisted float. and has us eligible out community were NASDAQ, which XXXX in stock notable the saw institutional that of for to buy our shares. XXXX which our shares purchase for our exposure program, take our uplisting
issues solid ultimately and under questions. call has chain, we retailers, and prospects our on in value confidence the inspiring of food proud and its extremely role will who the broader Operator? the recent food valued company’s and for In sustainability, of months, growth to stock for feel fundamentals consumers and producers of based confident the and their and days focused pressure the on Food Comes will are be supply And care operating we sustainable with been I market From the units how profitability. our attractive like equity creating is throughout are produced. animal more Although, are that critical that, conclusion, ever playing in open all than Where
