Winpak Reports 2017 Second Quarter Results

Winpak Reports 2017 Second Quarter Results

Canada NewsWire

WINNIPEG, July 27, 2017 /CNW/ - Winpak Ltd. (WPK) today reports consolidated results in US dollars for the second quarter of 2017, which ended on July 2, 2017.

Quarter Ended (1)

Year-To-Date Ended (1)

July 2

June 26

July 2

June 26

2017

2016

2017

2016


(thousands of US dollars, except per share amounts)

Revenue

217,752

204,129

446,103

402,283

Net income

26,621

26,164

55,870

53,464

Income tax expense

11,466

13,315

25,221

25,625

Net finance expense

470

24

603

5

Depreciation and amortization

9,122

8,391

18,247

16,722

EBITDA (2)

47,679

47,894

99,941

95,816

Net income attributable to equity holders of the Company

25,745

25,166

54,297

51,730

Net income attributable to non-controlling interests

876

998

1,573

1,734

Net income

26,621

26,164

55,870

53,464

Basic and diluted earnings per share (cents)

40

39

84

80

Winpak (CNW Group/Winpak Ltd.)

 

Winpak Ltd. manufactures and distributes high-quality packaging materials and related packaging machines. The Company’s products are used primarily for the packaging of perishable foods, beverages and in healthcare applications.

1 The 2017 fiscal year comprises 53 weeks and the 2016 fiscal year comprised 52 weeks.  Each quarter of 2017 and 2016 comprises 13 weeks with the exception of the first quarter of 2017, which comprised 14 weeks.

2 EBITDA is not a recognized measure under International Financial Reporting Standards (IFRS).  Management believes that in addition to net income, this measure provides useful supplemental information to investors including an indication of cash available for distribution prior to debt service, capital expenditures and income taxes.  Investors should be cautioned, however, that this measure should not be construed as an alternative to net income, determined in accordance with IFRS, as an indicator of the Company’s performance.  The Company’s method of calculating this measure may differ from other companies and, accordingly, the results may not be comparable.

(presented in US dollars)

Forward-looking statements: Certain statements made in the following report contain forward-looking statements including, but not limited to, statements concerning possible or assumed future results of operations of the Company.  Forward-looking statements represent the Company’s intentions, plans, expectations and beliefs, and are not guarantees of future performance.  Such forward-looking statements represent Winpak’s current views based on information as at the date of this report. They involve risks, uncertainties and assumptions and the Company’s actual results could differ, which in some cases may be material, from those anticipated in these forward-looking statements.  Factors that could cause results to differ from those expected include, but are not limited to: the terms, availability and costs of acquiring raw materials and the ability to pass on price increases to customers; ability to negotiate contracts with new customers or renew existing customer contracts with less favorable terms; timely response to changes in customer product needs and market acceptance of our products; the potential loss of business or increased costs due to customer or vendor consolidation; competitive pressures, including new product development, industry capacity, and changes in competitors’ pricing; ability to maintain or increase productivity levels, contain or reduce costs; foreign currency exchange rate fluctuations; changes in governmental regulations, including environmental, health and safety; changes in Canadian and foreign income tax rates, income tax laws and regulations.  Unless otherwise required by applicable securities law, we disclaim any intention or obligation to publicly update or revise this information, whether as a result of new information, future events or otherwise.  The Company cautions investors not to place undue reliance upon forward-looking statements.

Financial Performance
Net income attributable to equity holders of the Company for the second quarter of 2017 of $25.7 million or 40 cents in earnings per share (EPS) compared to $25.2 million or 39 cents per share in the corresponding quarter of 2016, an increase of 2.3 percent.  Continued organic volume growth contributed 3.0 cents in EPS.  This, however, was more than offset by a reduction in gross profit margins, negatively impacting EPS by 5.0 cents.  Lower income taxes and favorable foreign exchange augmented EPS by 2.5 cents and 1.0 cent respectively.  The higher net finance expense had the opposite effect, decreasing EPS by 0.5 cents

For the six months ended July 2, 2017, net income attributable to equity holders of the Company amounted to $54.3 million or 84 cents per share which surpassed the 2016 first half result of $51.7 million or 80 cents per share by 5.0 percent.  Greater sales volumes in 2017 enhanced EPS by 9.5 cents and was supplemented by favorable foreign exchange, adding a further 2.5 cents.  Reduced income taxes and controlled growth in operating expenses each contributed 1.5 cents to EPS.  On the other hand, a compressed gross profit margin lowered EPS by 10.5 cents.  The increase in net finance expense reduced EPS by 0.5 cents.

The fiscal year of the Company ends on the last Sunday of the calendar year and is usually 52 weeks in duration.  However, the 2017 fiscal year consists of 53 weeks, with the first quarter comprising 14 weeks, one more week than the prior year.  The additional week included in the 2017 first quarter was essentially the last week of the 2016 calendar year which contained several statutory holidays.  Consequently, it is estimated that this additional week contributed 3 percent to 2017 first half volumes and net income results.

Revenue
Revenue in the second quarter of 2017 reached $217.8 million versus $204.1 million in the same quarter of 2016, an increase of 6.7 percent.  Volume growth remained on a steady pace at 7.0 percent compared to the second quarter of 2016.  Revenue performance varied across product groups.  Similar to the experience of the first quarter, rigid container volumes had the greatest influence on the Company’s growth, advancing by 11 percent.  Sheet and tray sales were particularly brisk.  Modified atmosphere packaging volumes continued to progress in the high single-digit range, most notably at major US meat processors.  Lidding volumes grew in the mid-single-digit range with gains realized in both die-cut yogurt and condiment lids.  Meanwhile, volumes in the specialty films and biaxially oriented nylon product groups were essentially unchanged from the prior year.  Packaging machinery continued to progress at a healthy pace, eclipsing the prior year quarter by more than 10 percent.  Changes in selling prices and product mix, along with foreign exchange, had a negligible effect on revenue.

For the first half of 2017, revenue rose by $43.8 million or 10.9 percent to $446.1 million from $402.3 million recorded in the first six months of 2016.  Volume growth was substantial at 11.5 percent and even after accounting for the additional week in the first quarter of 2017, volume growth was approximately 8 percent.  Demand was strongest in rigid containers where growth of 16 percent was experienced, led by specialty beverage, condiment and tray packaging sales.  Modified atmosphere packaging volumes were also heightened, progressing in the high single-digit percentage range.  Gains at major US protein processors drove success for this product group.  Biaxially oriented nylon shipments expanded in the mid-single-digit range as did lidding sales with die-cut yogurt and condiment lids advancing.   Weakened demand for specialty films resulted in volumes receding in the mid-single-digit percentage range.  Packaging machinery growth exceeded 20 percent, although this product group represents less than 3 percent of total revenue.  Lower overall selling prices and change in product mix resulted in a decrease in revenue of 0.6 percent compared to 2016.  Foreign exchange had little impact on revenue in relation to the corresponding prior year period.

Gross profit margins
Gross profit margins for the second quarter of 2017 fell 2.1 percentage points to 31.2 percent of revenue from the 33.3 percent recorded in the same quarter of 2016.  Significantly higher raw material costs, compared to those incurred a year earlier, were responsible for the margin erosion and the resulting decrease in EPS of 5.0 cents.  The selling price increases with respect to indexed customer accounts typically lag the change in raw material costs by approximately three months, leading to a contraction in margins during the interim period. 

For the first six months of 2017, gross profit margins of 31.6 percent of revenue fell short of 2016 year-to-date levels of 33.7 percent by 2.1 percentage points.  This translated into a decrease in earnings per share of 10.5 cents.  The overriding factor was the narrowing in the spread between selling prices and raw material costs. 

For reference, the following presents the weighted indexed purchased cost of Winpak’s eight primary raw materials in the reported quarter and each of the preceding eight quarters, where base year 2001 = 100.  The index was rebalanced as of December 26, 2016 to reflect the mix of the eight primary raw materials purchased in 2016. 

Quarter and Year

2/17

1/17

4/16

3/16

2/16

1/16

4/15

3/15

2/15

Purchase Price Index

154.4

147.8

143.9

140.2

138.1

136.4

139.1

147.7

152.1

 

The purchase price index advanced by 4.5 percent compared to the first quarter of 2017.  While most of the Company’s major raw materials experienced increases ranging between mid-single-digit and low double-digit, polypropylene resin prices dropped by over 9 percent in the quarter.  The index has increased by 11.8 percent over the past twelve months and is directly related to the rise in the price of oil in the latter half of 2016 and the tightness of resin supply in the market place during this time period.

Expenses and Other
Operating expenses in the second quarter of 2017, after eliminating the impact of foreign exchange, increased by 6.4 percent, virtually the same as the growth in sales volumes of 7.0 percent over the same period.  Higher share-based incentive expenses were offset by lower research and technical expenses, reflecting the high level of activity that was undertaken during the second quarter of 2016 in support of new product initiatives.  Foreign exchange had a favorable effect on EPS of approximately 1.0 cent.  The weaker Canadian dollar in the second quarter of 2017 versus the comparative period in 2016 had a positive impact on earnings as expenses exceeded revenues in that currency.  The Company entered into an agreement in January 2017 to sell certain extended term accounts receivable without recourse to a financial institution in exchange for cash.  Consequently, net finance expense increased and lowered EPS by 0.5 cents.  Due to a larger proportion of earnings being realized in lower income tax rate jurisdictions, a drop in the effective income tax rate was experienced, which increased EPS by 2.5 cents

On a year-to-date basis, operating expenses, adjusted for foreign exchange, advanced at a rate of 8.9 percent while sales volumes expanded by 11.5 percent.  Despite the significant rise in share-based incentive expenses, controlled spending in other expenses more than offset those costs, resulting in additional EPS of 1.5 cents.  Furthermore, foreign exchange had a favorable effect on EPS of 2.5 cents in the first six months of 2017 in comparison to the equivalent time-frame in 2016 as the gains realized on the maturing foreign exchange forward contracts in 2017 contrasted with the losses recorded in the prior year.  Net finance expense had an unfavorable impact of EPS of 0.5 cents, but was more than offset by the lower effective income tax rate, which increased EPS by 1.5 cents.


Summary of Quarterly Results

Thousands of US dollars, except per share amounts (US cents)

Q2

Q1

Q4

Q3

Q2

Q1

Q4

Q3

2017

2017

2016

2016

2016

2016

2015

2015

Revenue

217,752

228,351

215,550

204,699

204,129

198,154

205,746

193,726

Net income attributable to equity holders

of the Company

25,745

28,552

28,578

24,036

25,166

26,564

27,635

22,305

EPS

40

44

44

37

39

41

43

34

 

Capital Resources, Cash Flow and Liquidity
The Company’s cash and cash equivalents balance ended the second quarter of 2017 at $250.5 million, an increase of $18.8 million from the end of the previous quarter.  Winpak continued to generate strong cash flows from operating activities before changes in working capital of $47.6 million.  Working capital was virtually unchanged, decreasing by just $0.7 million.  Cash was used for income tax payments of $16.6 million, plant and equipment additions of $10.8 million, dividends of $1.5 million and other items amounting to $0.6 million.

For the first half of 2017, the cash and cash equivalents balance advanced by $39.3 million to $250.5 million as a result of the significant cash flow provided by operating activities before changes in working capital of $99.0 million.  Working capital provided an additional $2.6 million in cash.  Trade payables and other liabilities grew by $8.9 million due to the level and timing of inventory purchases and the increase in the liability pertaining to the share-based incentive plan.  Additionally, trade and other receivables generated $8.8 million as the Company sold certain accounts receivable to a financial institution for cash.  Conversely, inventory expanded by $13.4 million, reflecting the investment driven by the organic sales volume growth as well as the rise in raw material costs.  Other uses of cash included plant and equipment additions of $29.0 million, income tax payments of $28.5 million, dividends of $2.9 million and other items totaling $1.9 million.

Looking Forward
Continuing on the momentum created in the first half of the year, the Company remains positive regarding sales volume growth and earnings advancement in the second half of 2017.  In this regard, Winpak will have to continue to retain sales volumes with existing customers by executing contracts as they come up for renewal and realize new business with customers.  From a raw material perspective, the prices of the Company’s widely used resins have risen in the first six months of the year due mostly to tightness of supply in the North American market.  Price increases announced in the first half of the year, for most resins, will likely keep gross profit margins at levels similar to those realized in the first six months of the year as elevated resin costs make their way into cost of goods sold before they are reflected in higher indexed selling prices in the upcoming quarters.  The supply and demand in the North American market for resins is relatively balanced and it appears changes in raw material costs in aggregate should not vary significantly in the third quarter.  To enhance gross profit margins, the Company will concentrate on improving manufacturing results where new product offerings and equipment require more knowledge and experience to elevate production competencies and productivity.  The building expansions at the Company’s specialty films operation in Senoia, Georgia and rigid container facility in Sauk Village, Illinois were completed in the second quarter of 2017.  New extrusion capacity at the two aforementioned plants are expected to be in place by the end of 2017.  In addition, converting capacity will be coming on stream at the Senoia, Georgia and Vaudreuil, Quebec operations.  Capital spending for the first six months has reached $29 million and is expected to be between $60 to $70 million for the current year.  The Company remains focused on organic growth through capital investment and will continue to pursue acquisition opportunities in Winpak’s core competencies in sophisticated food and healthcare packaging executing a transaction when the proper price and fit are present to add long-term shareholder value.

Winpak Ltd.

Interim Condensed Consolidated Financial Statements

Second Quarter Ended: July 2, 2017

These interim condensed consolidated financial statements have not been audited or reviewed by the Company’s independent external auditors, KPMG LLP.  For a complete set of notes to the condensed consolidated financial statements, refer to www.sedar.com or the Company’s website, www.winpak.com.  


Winpak Ltd.


Condensed Consolidated Balance Sheets


(thousands of US dollars) (unaudited)

July 2

December 25

2017

2016


Assets


Current assets:

Cash and cash equivalents

250,482

211,225

Trade and other receivables

115,392

124,148

Income taxes receivable

3,056

564

Inventories

116,928

103,516

Prepaid expenses

4,623

3,024

Derivative financial instruments

988

308

491,469

442,785


Non-current assets:

Property, plant and equipment

420,336

409,147

Intangible assets

14,568

14,501

Employee benefit plan assets

7,162

6,721

Deferred tax assets

940

1,060

443,006

431,429


Total assets

934,475

874,214


Equity and Liabilities


Current liabilities:

Trade payables and other liabilities

80,395

71,448

Income taxes payable

122

6,226

Derivative financial instruments

348

80,517

78,022


Non-current liabilities:

Employee benefit plan liabilities

10,256

9,253

Deferred income

15,569

15,424

Provisions

760

760

Deferred tax liabilities

46,450

43,486

73,035

68,923


Total liabilities

153,552

146,945


Equity:

Share capital

29,195

29,195

Reserves

724

(29)

Retained earnings

727,806

676,478


Total equity attributable to equity holders of the Company

757,725

705,644


Non-controlling interests

23,198

21,625


Total equity  

780,923

727,269


Total equity and liabilities

934,475

874,214

 


Winpak Ltd.


Condensed Consolidated Statements of Income


(thousands of US dollars, except per share amounts) (unaudited)

Quarter Ended

Year-To-Date Ended

July 2

June 26

July 2

June 26

2017

2016

2017

2016

Revenue

217,752

204,129

446,103

402,283

Cost of sales

(149,878)

(136,178)

(304,951)

(266,565)

Gross profit

67,874

67,951

141,152

135,718

Sales, marketing and distribution expenses

(16,563)

(15,646)

(34,187)

(30,878)

General and administrative expenses

(8,919)

(7,240)

(18,058)

(15,186)

Research and technical expenses

(3,913)

(4,871)

(7,687)

(8,616)

Pre-production expenses

(187)

(125)

(356)

Other income (expenses)

78

(504)

599

(1,588)


Income from operations

38,557

39,503

81,694

79,094

Finance income

413

124

729

257

Finance expense

(883)

(148)

(1,332)

(262)

Income before income taxes

38,087

39,479

81,091

79,089

Income tax expense

(11,466)

(13,315)

(25,221)

(25,625)


Net income for the period

26,621

26,164

55,870

53,464


Attributable to:

Equity holders of the Company

25,745

25,166

54,297

51,730

Non-controlling interests

876

998

1,573

1,734

26,621

26,164

55,870

53,464


Basic and diluted earnings per share – cents

40

39

84

80


Condensed Consolidated Statements of Comprehensive Income


(thousands of US dollars) (unaudited)

Quarter Ended

Year-To-Date Ended

July 2

June 26

July 2

June 26

2017

2016

2017

2016


Net income for the period

26,621

26,164

55,870

53,464


Items that will not be reclassified to the statements of income:

Cash flow hedge (losses) gains recognized

(12)

20

Cash flow hedge losses transferred to property, plant and equipment

52

Income tax effect

(12)

72


Items that are or may be reclassified subsequently to the statements of income:

Cash flow hedge gains recognized

999

604

1,437

2,016

Cash flow hedge losses (gains) transferred to the statements of income

22

166

(409)

890

Income tax effect

(273)

(206)

(275)

(777)

748

564

753

2,129


Other comprehensive income for the period – net of income tax

748

552

753

2,201


Comprehensive income for the period

27,369

26,716

56,623

55,665


Attributable to:

Equity holders of the Company

26,493

25,718

55,050

53,931

Non-controlling interests

876

998

1,573

1,734

27,369

26,716

56,623

55,665

 


Winpak Ltd.


Condensed Consolidated Statements of Changes in Equity


(thousands of US dollars) (unaudited)

Attributable to equity holders of the Company

Non-

Share

Retained

controlling

capital

Reserves

earnings

Total

interests

Total equity


Balance at December 28, 2015

29,195

(1,208)

576,359

604,346

19,045

623,391


Comprehensive income for the period

Cash flow hedge gains, net of tax

1,497

1,497

1,497

Cash flow hedge losses transferred to the

statements of income, net of tax

652

652

652

Cash flow hedge losses transferred to 

property, plant and equipment

52

52

52


Other comprehensive income

2,201

2,201

2,201


Net income for the period

51,730

51,730

1,734

53,464


Comprehensive income for the period

2,201

51,730

53,931

1,734

55,665


Dividends

(2,973)

(2,973)

(1,277)

(4,250)


Balance at June 26, 2016

29,195

993

625,116

655,304

19,502

674,806


Balance at December 26, 2016

29,195

(29)

676,478

705,644

21,625

727,269


Comprehensive income for the period

Cash flow hedge gains, net of tax

1,053

1,053

1,053

Cash flow hedge gains transferred to the

statements of income, net of tax

(300)

(300)

(300)


Other comprehensive income

753

753

753


Net income for the period

54,297

54,297

1,573

55,870


Comprehensive income for the period

753

54,297

55,050

1,573

56,623


Dividends

(2,969)

(2,969)

(2,969)


Balance at July 2, 2017

29,195

724

727,806

757,725

23,198

780,923

 


Winpak Ltd.


Condensed Consolidated Statements of Cash Flows


(thousands of US dollars) (unaudited)

Quarter Ended

Year-To-Date Ended

July 2

June 26

July 2

June 26

2017

2016

2017

2016


Cash provided by (used in):


Operating activities:

Net income for the period

26,621

26,164

55,870

53,464

Items not involving cash:

Depreciation

9,374

8,606

18,757

17,161

Amortization – deferred income

(414)

(380)

(830)

(774)

Amortization – intangible assets

162

165

320

335

Employee defined benefit plan expenses

927

944

1,843

1,822

Net finance expense

470

24

603

5

Income tax expense

11,466

13,315

25,221

25,625

Other

(1,015)

(111)

(2,785)

(1,488)

Cash flow from operating activities before the following

47,591

48,727

98,999

96,150

Change in working capital:

Trade and other receivables

210

(8,554)

8,756

(9,909)

Inventories

(1,749)

(6,605)

(13,412)

(7,649)

Prepaid expenses

378

(57)

(1,599)

(1,363)

Trade payables and other liabilities

1,816

2,691

8,874

(3,990)

Employee defined benefit plan contributions

(99)

(90)

(1,104)

(1,037)

Income tax paid

(16,595)

(13,389)

(28,459)

(28,574)

Interest received

394

147

673

198

Interest paid

(772)

(58)

(1,149)

(62)

Net cash from operating activities

31,174

22,812

71,579

43,764


Investing activities:

Acquisition of plant and equipment – net

(10,781)

(13,100)

(29,028)

(28,161)

Acquisition of intangible assets

(136)

(119)

(387)

(129)

(10,917)

(13,219)

(29,415)

(28,290)


Financing activities:

Dividends paid

(1,466)

(1,473)

(2,907)

(2,881)

Dividend paid to non-controlling interests in subsidiary

(1,277)

(1,277)

(1,466)

(2,750)

(2,907)

(4,158)


Change in cash and cash equivalents

18,791

6,843

39,257

11,316


Cash and cash equivalents, beginning of period

231,691

169,500

211,225

165,027


Cash and cash equivalents, end of period

250,482

176,343

250,482

176,343

 

SOURCE Winpak Ltd.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2017/27/c1253.html

Putting the “Treat” in Treatment: Kids at Children’s Miracle Network Member Hospitals Across Canada to Benefit from Dairy Queen’s Miracle Treat Day

Putting the “Treat” in Treatment: Kids at Children’s Miracle Network Member Hospitals Across Canada to Benefit from Dairy Queen’s Miracle Treat Day

Canada NewsWire

TORONTO, July 27, 2017 /CNW/ – On August 10, Dairy Queen Canada invites Canadians across the country to help put the “treat” in treatment and join in Miracle Treat Day. As part of the 15th annual national fundraising event, participating Dairy Queen stores across the country are committing net proceeds from sales of all Blizzard Treats to support local Children’s Miracle Network member hospitals.

Almost 5,000 children enter a Children’s Miracle Network hospital for treatment every day. In recognition and support of these courageous youth and their families, Dairy Queen employees, volunteers and celebrities will unite on Miracle Treat Day to raise funds to benefit local children’s hospital foundations.

Miracle Treat Day is an incredible time when local communities across Canada are united in the common goal of raising money to help kids in their own backyards,” says Ameera Virani, Director, Corporate Partnerships, Children’s Miracle Network. “We are so thankful for the collaboration we see year after year from Dairy Queen and children’s hospitals across the country.” 

Since the partnership between Dairy Queen and Children’s Miracle Network began in 1984, Dairy Queen has become a top contributor with $125 million raised to-date in support of sick and injured children across North America.

“Serving our community is as important to us as serving the delicious food and treats that we create every day”, says Candida Ness, Senior Director of Marketing, Dairy Queen Canada. “We are proud to work towards ensuring that the kids in all of the communities in which we serve have access to the best possible medical care.”

For a full list of participating stores, click here, and for more information about Miracle Treat Day, visit MiracleTreatDay.ca or follow along on social media with #MiracleTreatDay.

About Dairy Queen Canada
Dairy Queen Canada Inc. (DQC) is a wholly owned entity of International Dairy Queen. DQC is part of the Berkshire Hathaway family, a company controlled by Warren Buffet. In Canada, DQC develops, licenses and services a system of more than 615 Dairy Queen® locations, most of which offer Orange Julius® beverages, in addition to over 40 Orange Julius® stores. Dairy Queen® locations feature signature products such as Blizzard® Treats, DQ® Cakes, Orange Julius® Premium Fruit Smoothies and Julius® Originals, along with soft serve, blended beverages, burgers, chicken in addition to hot desserts, sandwiches and snacks.

About Children’s Miracle Network
Children’s Miracle Network® raises funds for 170 children’s hospitals, 14 of which are in Canada. These hospitals, in turn, use the money where it’s needed the most. When a donation is given, it stays in the community, ensuring that every dollar is helping local kids. Established in 1983, Children’s Miracle Network raises funds to support critical research, education, purchase life-saving equipment, and ensure excellence in care, all in support of our mission to save and improve the lives of as many children as possible. Learn more at ChildrensMiracleNetwork.ca.

Miracle Treat Day (CNW Group/Dairy Queen Canada)

SOURCE Dairy Queen Canada

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2017/27/c4764.html

Fire Department Coffee to Make Debut at BJ’s Wholesale Club

Jersey City, NJ (PRWEB) July 27, 2017

From July 27-30th and August 3-6th, Fire Dept. Coffee will be showcasing their premium, high octane roasts at the BJ’s Wholesale Club Roadshow in Jersey City, NJ.

 

This is the first time their coffee will be available through BJ’s Wholesale Club at a special discounted rate.

 

“We are looking forward to spending the week meeting new coffee lovers and helping raise awareness and support for their local fire house,” said Fire Dept. Coffee Co-founder Luke Schneider.

 

Fire Dept. Coffee is a veteran and firefighter owned brand whose mission is to make the strongest, easiest drinking coffee for the working class of America.

 

Their beans are sourced from socially and environmentally friendly farms and then roasted to order for optimum freshness. A portion of their sales go to firefighter and veteran assistance programs.

 

To help highlight all the good firefighters do in their community, they’ll be sending 1-2 local Jersey City firefighters to the event every day, including Nick Fargo–firefighter and lead singer of the band Mother.

 

“One of our missions is to foster a sense of community among firefighters as well as the public,” said Schneider. “We can’t wait to meet the local firefighters, talk shop, and gift them with some of our best roasts.”

 

Talk with local firefighters, sample the newly launched Spirit Infused line, or pick up a few bags for the discounted club price of $14.99 per bag or $39.99 for the bundle of Bourbon, Run, and Tequila Infused Coffee!

 

About Fire Dept. Coffee

Luke Schneider launched Fire Dept. Coffee in July of 2016 with the mission to bring the easiest drinking coffee to the nation's hardest working men and women. Luke is a Navy Veteran and firefighter paramedic near Chicago. He works alongside the brand's marketing and content specialist Mark Williams–a Marine Corps veteran and passionate fireman.

 

For samples or additional information, please visit http://www.firedeptcoffee.com or contact brooke(at)veteranpr(dot)com.

Read the full story at http://www.prweb.com/releases/2017/07/prweb14539445.htm