SALT LAKE CITY, UT - ReposiTrak, the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, announced financial results for the second fiscal quarter ended December 31, 2024.

Second Fiscal Quarter Financial Highlights:

• Second quarter total revenue increased 7% to $5.5 million from $5.1 million.
• Recurring revenue increased 5%, reflecting a significant amount of setup fees earned during the quarter due to the number of customers onboarding to the system.
• Quarterly operating expense increased 7% to $4.1 million from $3.9 million.
• Quarterly operating income increased 9% to $1.4 million from $1.2 million last year.
• Quarterly GAAP net income increased 7% to $1.6 million from $1.5 million last year.
• Quarterly net income to common shareholders increased 12% to $1.5 million from $1.3 million last year.
• Quarterly EPS of $0.08 compared to $0.07 in the prior year second fiscal quarter.
• The Company finished the quarter with over $28.0 million in cash and no bank debt.
• During the quarter, the Company redeemed 70,093 preferred shares for the stated redemption price of $10.70 per share for a total of $749,995 and repurchased 4,074 common shares at an average price of $24.55 for a total of $100,017.

In a recent press release, Randall K. Fields, Chairman and CEO of ReposiTrak commented, “As we anticipated, the pace of onboarding suppliers continues to accelerate as we approach the FSMA 204 January 2026 deadline. The 70% increase in deferred revenue reflected on our balance sheet represents growth in all lines of business, including the ReposiTrak Traceability Network or RTN. These customers are contracted, have been onboarded, and the substantial increase in deferred revenue represents more incremental revenue that we will recognize over the next twelve months. With close to $4.2 million, or more than 75% of our current quarterly revenue run-rate, we are more confident in our ability to generate double-digit top-line growth for the balance of the fiscal year and well into fiscal 2026. ReposiTrak is exceedingly well-positioned in the market, with industry endorsements and partnerships, driving demand as retailers push adoption of food safety, compliance, and supply chain initiatives.”

“Simultaneously, the pipeline for Traceability continues to expand rapidly, and overall demand continues to exceed our expectations,” continued Mr. Fields. “Retailers are driving adoption ahead of the FDA deadlines, and, more importantly, demanding that all food be traced, far exceeding the FDA mandates. Continued food recalls, increased legal exposure, and the commitment to food safety by major retailers are all contributing to increased adoption, and this is translating to growing interest and an expanding customer base from suppliers in our cost-effective solution.”

“The positive impact of Traceability on our business is increasingly apparent, atop the established compliance and supply chain we have in place,” continued Mr. Fields. “We continue to convert higher revenues into greater profitability and cash generation, ending the quarter with record cash balances even as we return robust capital to shareholders.”

ST. LOUIS, MO - Copeland, a global leader in sustainable climate solutions, announced its participation in the 2025 NAFEM Show, which will take place February 26 to 28 at the Georgia World Congress Center in Atlanta. Marking its first time at the show as a stand-alone company, Copeland will present advanced technologies designed to help the foodservice industry successfully transition to low global warming potential (GWP) refrigerants, improve operational efficiency, and safeguard perishable food through an efficient cold chain.

Foodservice operators are balancing many operational and sustainability goals—from improving food quality/safety and minimizing waste to simplifying store management and migrating to eco-friendly, reliable refrigeration, a press release stated. As a leading solutions provider in the foodservice equipment supply chain, Copeland enables store operators and freight and logistics operators to implement robust temperature monitoring and facility management controls. The company also partners with manufacturers to develop the next generation of energy-efficient, lower-GWP refrigeration equipment.

The NAFEM Show will offer a platform for Copeland to demonstrate how it plays a key role across the food supply chain in helping prevent food waste, promoting food safety and quality, and enabling the global population to be fed more sustainably. The company will also highlight its leadership in addressing the transition to lower-GWP refrigerants, compliance with upcoming energy efficiency regulations, and advancements in temperature monitoring technology, helping customers adapt to key industry changes.

At the 2025 NAFEM Show, Copeland will introduce and spotlight the following technologies:

• Low-GWP Refrigerant Platforms: Copeland will highlight a full suite of refrigeration solutions optimized for low-GWP refrigerants, including R-290 (propane), A2Ls and CO2 systems. These technologies, which include compression, condensing units and controls, support foodservice operators in meeting new regulatory standards related to the refrigerant transition and energy efficiency, while achieving sustainability goals.
• Cooper-Atkins Temperature Monitoring Solutions: Celebrating 140 years of innovation, Cooper-Atkins, a proud Copeland brand, continues to support food safety with premium thermometers and advanced temperature probes. These tools help customers minimize food waste, maintain compliance, and reduce costs while safeguarding perishable goods.
• Universal BLE Parametric Controller: This new best-in-class controller features Bluetooth technology and a mobile app, providing an intuitive and powerful solution for foodservice refrigeration controls. It's simple configuration, easy installation and advanced connectivity make it a standout choice for foodservice applications.
• Foodservice Control Solutions: Copeland will showcase its new platform for refrigeration controls, which combines ease of use with a full-touch interface and Bluetooth connectivity to deliver enhanced functionality and energy efficiency. Additionally, facility controls such as the Copeland Site Supervisor and Equipment Manager will be on display to enable safeguarding perishable products.

Copeland’s experts will be on-site throughout the NAFEM Show to discuss how its technologies and deep expertise and innovation in cold chain and refrigeration technology help address the evolving needs of foodservice professionals. Booth #2006 will feature live demonstrations and interactive displays, offering attendees opportunities to explore the full breadth of Copeland’s solutions and learn how they contribute to a more sustainable future for the foodservice industry.

Copeland invites attendees to join its in-booth Happy Hour events on February 26 and 27 from 3 to 5 p.m., where they can network with Copeland representatives and learn more about the company’s innovative offerings.

SALINAS, CA - Naturipe Farms is excited to highlight its Southeast-grown berries at this year’s Southeast Produce Council’s Southern Exposure conference in Orlando, Florida. With a focus on excellent volumes, expanded acreage, and innovative new products, Naturipe continues to deliver premium berries through advanced breeding programs.

Naturipe’s new blueberry varieties, such as Patrecia and Colossus, are thriving in the Southeast, a press release stated. These varieties require fewer chill hours and perform well in warmer climates, making them ideal for the region. Additionally, Naturipe’s larger-than-life blueberries, Mighty Blues, are a consumer favorite, celebrated for their exceptional size, flavor and firmness.

“The Southeast is home to some of Naturipe’s most innovative, forward-looking projects, including test plots with the University of Florida,” said John Johnston, Director of Premium Products. “Southeastern berries have evolved greatly since we began growing in the region, resulting in two of our best products: Mighty Blues and Sweet Selections Blueberries.”

The conference will also highlight Naturipe’s Sweet Selections Blackberries, specially bred to taste sweeter and contain fewer seeds than traditional, conventional blackberries, as well as new packaging options designed to give retailers the flexibility to reach a broader customer base. Naturipe’s latest value-added product, Berry Buddies, will also be on display in Naturipe’s booth. Berry Buddies come in three varieties: Berries and Pancakes; Berries, Cookies, and Cheese; and Berries, Pretzels, and Cheese.

“We’re looking forward to continuing to celebrate the launch of Berry Buddies, which formally hit the markets at the end of last summer,” said Steven Ware, Vice President of Value-Added at Naturipe Farms. “Berry Buddies are a direct response to the demands of consumers, further highlighting Naturipe’s commitment to truly meeting customers where they’re at. They have a little something for everyone – be sure to stop by and try them!”

Naturipe’s breeding program, which has introduced over 55 new varieties in the past 15 years, continues to lead the industry with an emphasis on high-yield, premium-quality berries. Recent investments by our grower owners are accelerating the pace of new variety development to meet the increasing demand for superior fruit.

To learn more about Naturipe’s innovations and premium berry offerings, visit booth 833 at Southern Exposure 2025.

VALENCIA, CA - Sunkist Growers proudly announces the 3rd observance of National Sunkist Citrus Day (NSCD) on March 1st, an annual celebration that honors the deep-rooted legacy of its multi-generational, family-owned citrus farms. NSCD recognizes the growers who have played a part in cultivating premium citrus for consumers nationwide for over a century.

With this special day now officially recognized by the National Day Calendar, Sunkist is calling on retailers and consumers alike to highlight its cooperative's rich history and lasting impact, a press release explained. Through in-store activations, digital promotions, and interactive shopper-marketing experiences, Sunkist aims to elevate awareness of citrus’ role in health, wellness, and culinary enjoyment and drive traffic to the produce department.

“National Sunkist Citrus Day is more than a marketing initiative – it’s a tribute to the generations of hardworking growers who have dedicated their lives to nurturing the best citrus possible,” says Cassie Howard, senior director of category management and marketing at Sunkist. “This day gives us a chance to reflect on our heritage while also showcasing the fresh, vibrant, in-season citrus that continues to delight consumers today.”

March marks the peak for in-season conventional and organic citrus, including varieties such as Navel, Blood, and Cara Cara oranges, lemons, California mandarins, grapefruit, and Minneola tangelos. With consumer demand for fresh, healthy foods continuing to rise, Sunkist delivers the perfect combination of flavor, nutrition, and versatility for everyday consumption.

To support retailers, Sunkist has introduced new point-of-sale materials featuring NSCD-themed header cards, lemons with a zesty twist, ‘Meet Cali™ clip cards, and an interactive recipe generator that helps shoppers explore creative citrus-infused meals. Additionally, retailers are encouraged to build large displays promoting NSCD, feature Sunkist citrus in weekly circulars, and engage shoppers through social media using #NationalSunkistCitrusDay.

"We continue to see strong consumer engagement across the citrus category, with promotable volumes driving demand,” explains Howard. “Compared to last year, Navels are up 5%, Blood Oranges 19%, and Cara Caras an impressive 27%. Citrus remains a proven basket-builder, and seasonal programs like National Sunkist Citrus Day provide retailers with the perfect opportunity to drive incremental sales and maximize category growth."

Sunkist invites consumers to explore personalized citrus-based recipes via its interactive tool at sunkist.com/calisunshine/ to further inspire citrus consumption. Users receive custom citrus-infused recipe ideas by selecting their preferred citrus varietal and meal type, driving both engagement and purchase intent.