The J. M. Smucker Company Reports Q3 EPS of $1.27 vs. $1.26

The J. M. Smucker Company SJM today announced results for the third quarter ended January 31, 2011, of its 2011 fiscal year. Non-GAAP income per diluted share was $1.27 and $1.17 for the third quarters of 2011 and 2010, an increase of 9 percent, and $3.69 and $3.30 for the first nine months of 2011 and 2010, an increase of 12 percent, respectively. Non-GAAP income per diluted share excludes restructuring and merger and integration costs of $0.16 and $0.03 per diluted share, in the third quarters of 2011 and 2010, and $0.46 and $0.16 in the first nine months of 2011 and 2010, respectively. Both reported and non-GAAP results for the third quarters of 2011 and 2010 include the impact of noncash impairment charges of $17.2 million and $9.8 million, respectively.