Net income increases 85% to $493 million in first quarter.

But improving trends in the cereal business and strong growth in international markets pushed quarterly results above expectations.

Penford acquisition begins to affect company financial results.

Company breaks out oilseeds and grains EBIT for first time to provide transparency.

First-quarter earnings doubled on cost savings initiatives.

Company's net sales increased 10% in second quarter.

Price increases implemented last year failed to lift revenues in the first quarter.

Looking to lessen reliance on low margin business.

Company reported strong system-wide sales for both brands in first quarter.

Second-quarter revenues advanced 18% to a record $4.6 billion.