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

Where Food Comes From

13/11/2025 14:13

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

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(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.)