Smart Balance Announces 2010 Third Quarter Results

Smart Balance, Inc. SMBL today announced its financial results for the third quarter ended September 30, 2010. Net sales were $59.9 million in the third quarter of 2010, compared to net sales of $59.8 million in the third quarter of 2009. Earnings per share increased to $0.03 in the third quarter of 2010, compared to earnings per share of $0.02 in the year-ago period. Operating income of $3.4 million in the third quarter of 2010 was essentially even with operating income of $3.5 million in the third quarter of 2009. Cash operating income for the third quarter of 2010 was $7.6 million, compared with cash operating income of $8.7 million in the year-ago quarter, primarily reflecting a decline in gross profit.