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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.
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