M&A - COFFEE HOLDING CO INC

Form Type: 10-Q

Filing Date: 2025-03-21

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225011093

Filing Summary: Coffee Holding Co., Inc. filed its 10-Q for the quarterly period ending January 31, 2025. The company reported net sales of $21,305,285 compared to $19,540,402 in the same quarter of the previous year, indicating a growth in sales. The gross profit was $5,731,926, up from $3,480,299 in the prior year. Significant expenses included selling and administrative costs of $3,929,598, resulting in income from operations of $1,591,031. The company reported a net income of $1,153,256 for the quarter, with earnings per share of $0.20. Assets totaled $38,881,683, and liabilities were $11,550,860, with stockholders' equity amounting to $27,330,823. A notable event during this period was the acquisition of the remaining assets of Empire Coffee Company for $800,000, which contributes to the company’s growth initiatives. The acquisition is expected to enhance operational capabilities in roasting and packaging for current customers.

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