Lifeway Foods Sets $19.50 Secondary Offering and Reports Q1 Profit of $4.7M
Lifeway Foods said Danone USA Public Benefit Corporation is selling 3,454,756 shares at $19.50 each, with Lifeway agreeing to repurchase about $5.0 million of the offering's shares upon closing expected May 19, 2026. In Q1 the company posted $63 million revenue, $4.7 million net income and $0.30 earnings per share.
1. Secondary Offering Details
Lifeway Foods announced that Danone USA Public Benefit Corporation is selling 3,454,756 shares of its common stock at $19.50 per share in a secondary underwritten offering expected to close on May 19, 2026, subject to customary conditions. The company itself will not receive proceeds but has agreed to repurchase approximately $5.0 million worth of shares at the same price, with the repurchase conditioned on the offering’s completion.
2. Q1 Financial Results
In the first quarter, Lifeway Foods generated $63 million in revenue, achieving net income of $4.7 million and earnings of $0.30 per share. These results underline ongoing profitability in Lifeway’s core fermented dairy product lines.