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Last $90.15 USD
Change Today -0.57 / -0.63%
Volume 57.1K
LANC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

lancaster colony corp (LANC) Key Developments

Lancaster Colony Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Lancaster Colony Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales of $263,400,000 against $241,849,000 a year ago. Operating income was $31,208,000 against $28,835,000 a year ago. Income from continuing operations before income taxes was $31,070,000 against $28,631,000 a year ago. Income from continuing operations was $20,403,000 against $18,900,000 a year ago. Net income was $20,403,000 against net loss of $10,376,000 a year ago. Net income per common share continuing operations - basic and diluted was $0.75 against $0.69 a year ago. Net income basic and diluted were $0.75 against loss of $0.38 a year ago. For the nine months, the company reported net sales of $826,798,000 against $782,267,000 a year ago. Operating income was $116,028,000 against $121,451,000 a year ago. Income from continuing operations before income taxes was $28,631,000 against $115,851,000 a year ago. Income from continuing operations was $20,403,000 against $18,900,000 a year ago. Net income was $76,118,000 against $53,659,000 a year ago. Net income per common share continuing operations - basic and diluted was $2.78 against $2.93 a year ago. Net income basic and diluted were $2.78 against $1.97 a year ago.

Lancaster Colony Mulls Acquisitions

Lancaster Colony Corporation (NasdaqGS:LANC) is looking for acquisitions. Chairman, President and Chief Executive Officer, Jay Gerlach said, ‘We expect modest cost synergies, mostly in the SG&A expense area, with growth from this on-trend, better-for-you product being the real benefit. We expect operating margins to be generally in line with our overall segment margin. Deal expenses of almost $1 million in the quarter resulted in no bottom-line benefit from Flatout. We expect additional acquisition-related costs in our fourth quarter in the upper six-figure range.”

Lancaster Colony Corporation Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-20-2015 11:30 AM

Lancaster Colony Corporation Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-20-2015 11:30 AM. Venue: Grand Hyatt New York, New York, New York, United States. Speakers: Bruce L. Rosa, Vice President of Development and President of T Marzetti, Douglas A. Fell, Chief Financial Officer, Principal Accounting Officer, Vice President, Treasurer and Assistant Secretary, John B. Gerlach, Chairman, Chief Executive Officer, President and Member of Executive Committee.

Lancaster Colony Corporation to Report Q3, 2015 Results on Apr 30, 2015

Lancaster Colony Corporation announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Apr 30, 2015

Lancaster Colony Corporation, Q3 2015 Earnings Call, Apr 30, 2015

Lancaster Colony Corporation, Q3 2015 Earnings Call, Apr 30, 2015

 

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Industry Analysis

LANC

Industry Average

Valuation LANC Industry Range
Price/Earnings 25.6x
Price/Sales 2.3x
Price/Book 4.4x
Price/Cash Flow 25.5x
TEV/Sales 2.1x
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