SUGAR LAND--August 20, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Food industry leader The J.M. Smucker Company (NYSE:SJM) (Orrville, Ohio) saw mostly positive results in the first quarter of the company's fiscal year 2013, driven by volume growth, stronger prices, and benefits from the acquisition of business from the Sara Lee Corporation (NYSE:SLE) (Downers Grove, Illinois). Net income for the quarter was reported to be $110.86 million, a 0.59% decrease from fiscal first-quarter 2012. However, company executives stressed that when excluding the costs of special projects for both quarters, including restructuring, mergers and integration, income was $129.3 million, a 0.82% increase. Industrial Info is tracking $236 million in projects involving Smucker's that are in their planning, engineering or construction phases, including the $70 million expansion of a frozen food plant in Scottsville, Kentucky.
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