Food compliance firm Where Food Comes From posts higher Q3 profit on asset sale

Reuters
2025/11/13
Food compliance firm <a href="https://laohu8.com/S/WFCF">Where Food Comes From</a> posts higher Q3 profit on asset sale

Overview

  • Where Food Comes From Q3 total revenue decreased slightly to $7.0 mln from $7.1 mln

  • Net income for Q3 increased to $1.1 mln, aided by asset sale gain

  • Company repurchased 60,721 shares in Q3, continuing stock buybacks

Outlook

  • Company highlights growth in pork, dairy, and egg verification activities

  • Company plans to reinvest capital from asset sales into business

  • Company continues to see demand for non-GMO, Gluten Free, Organic certifications

Result Drivers

  • VERIFICATION GROWTH - Increased demand for pork, dairy, egg, non-GMO, Gluten Free, Organic, and Upcycled certifications offset declines in beef verification

  • COST MANAGEMENT - Stable gross margins attributed to improved efficiencies and cost management despite wage inflation

  • ASSET SALE IMPACT - $946,000 gain from Progressive Beef sale contributed to increased net income, supporting reinvestment and share buybacks

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.22

Q3 Net Income

$1.10 mln

Q3 Gross Profit

$2.70 mln

Press Release: ID:nGNXrvNDd

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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