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Last $94.82 USD
Change Today -0.22 / -0.23%
Volume 45.8K
LANC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

lancaster colony corp (LANC) Snapshot

Open
$95.05
Previous Close
$95.04
Day High
$95.56
Day Low
$94.12
52 Week High
04/7/15 - $97.77
52 Week Low
10/15/14 - $81.96
Market Cap
2.6B
Average Volume 10 Days
65.3K
EPS TTM
$3.48
Shares Outstanding
27.4M
EX-Date
03/5/15
P/E TM
27.2x
Dividend
$1.84
Dividend Yield
1.90%
Current Stock Chart for LANCASTER COLONY CORP (LANC)

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lancaster colony corp (LANC) Details

Lancaster Colony Corporation manufactures and markets specialty food products for the retail and foodservice markets in the United States. It offers salad dressings and sauces under the Marzetti, Cardini’s, Pfeiffer, Simply Dressed, Katherine’s Kitchen, and Girard’s brand names; fruit glazes, vegetable dips, and fruit dips under the Marzetti brand name; Greek yogurt vegetable dips and hummus under the Otria brand name; and frozen garlic breads under the New York BRAND, Mamma Bella, and Mamma Bella's brand names. The company also provides frozen Parkerhouse style yeast dinner rolls and sweet rolls, as well as biscuits under the Sister Schubert’s, Marshall’s, and Mary B’s brand names; premium dry egg noodles under the Inn Maid and Amish Kitchen brand names; frozen specialty noodles and pastas under the Reames, Presto Pasta from Reames, and Aunt Vi’s brand names; croutons and related products under the New York BRAND, Texas Toast, Chatham Village, Cardini’s, and Marzetti brand names; and caviar under the Romanoff brand name. In addition, it manufactures and sells other products to brand license agreements, including Olive Garden’s dressing, Jack Daniel's mustards, and Ortalli’s balsamic vinegar. The company’s products are sold through sales personnel, food brokers, and distributors to retailers, distributors, and restaurants, as well as industrial customers. Lancaster Colony Corporation was founded in 1961 and is based in Columbus, Ohio.

2,500 Employees
Last Reported Date: 08/28/14
Founded in 1961

lancaster colony corp (LANC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Vice President of Development and President o...
Total Annual Compensation: $475.1K
Compensation as of Fiscal Year 2014.

lancaster colony corp (LANC) Key Developments

Lancaster Colony Corporation Declares Quarterly Cash Dividend, Payable March 31, 2015

Lancaster Colony Corporation announced that its board of directors has declared a quarterly cash dividend of 46 cents per share on the company's common stock, payable March 31, 2015 to shareholders of record on March 9, 2015.

Lancaster Colony Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Capital Spending Guidance for the Full Year of 2015

Lancaster Colony Corporation announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net sales of $303,411,000 compared to $292,281,000 a year ago. Operating income was $50,216,000 compared to $56,185,000 a year ago. Income from continuing operations before income taxes was $50,169,000 compared to $56,099,000 a year ago. Income from continuing operations was $32,954,000 or $1.20 per diluted share compared to $37,133,000 or $1.36 per diluted share a year ago. Net income was $32,954,000 or $1.20 per diluted share compared to $39,234,000 or $1.44 per diluted share a year ago. For the six months, the company reported net sales of $563,398,000 compared to $540,418,000 a year ago. Operating income was $84,820,000 compared to $92,616,000 a year ago. Income from continuing operations before income taxes was $84,781,000 compared to $92,492,000 a year ago. Income from continuing operations was $55,715,000 or $2.04 per basic and diluted share compared to $61,185,000 or $2.24 per basic and diluted share a year ago. Net income was $55,715,000 or $2.04 per diluted share compared to $64,035,000 or $2.34 per diluted share a year ago. Cash flows from operating activities totaled approximately $83 million, which is down slightly from the $84 million provided in the first half of last year. Cash outflows relating to capital expenditures increased nearly $8.7 million from that of the prior year period, which principally related to the capacity expansion project at dressing and sauce plant in Kentucky. The net balance of property, plant and equipment remained comparable to the June total, with current quarter capital expenditures totaling nearly $5 million and $13 million on a year-to-date basis. The company estimates total capital spending for the year of 2015 to be about $20 million.

Lancaster Colony Plans Acquisitions

Lancaster Colony Corporation (NasdaqGS:LANC) intends to make acquisitions. Douglas Fell, Chief Financial Officer and Vice President of the company said: “We also ended the quarter with over $256 million in cash and equivalents, as we benefited from continued strong operating cash flows. Given our balance sheet posture, we continue to possess considerable flexibility to address foreseeable cash requirements, including those supportive of our future organic growth initiatives, acquisition opportunities, continue dividends, and share repurchases. Jay Gerlach, Chairman, Chief Executive Officer and President said: “We continue to pursue acquisition opportunities with a priority on branded retail product lines and preferably in the better for new area. We have seen a bit more active deal flow, but as always, it's unpredictable if and when we may actually make an acquisition. With our major capital project for the year complete, we would estimate total capital spending for the year to be about $20 million. We continue to consider our capital allocation, as it relates to needs for investment in our existing business, acquisition opportunity, share repurchases and dividends. We did extend our string of annual cash dividend increases for 52 years, with an increase in our recent December payment.”

 

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Industry Analysis

LANC

Industry Average

Valuation LANC Industry Range
Price/Earnings 27.2x
Price/Sales 2.4x
Price/Book 4.6x
Price/Cash Flow 38.9x
TEV/Sales 2.2x
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