Last €12.05 EUR
Change Today +0.133 / 1.12%
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As of 2:09 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

landec corp (LDE) Snapshot

Open
€12.04
Previous Close
€11.91
Day High
€12.05
Day Low
€12.04
52 Week High
01/26/15 - €12.05
52 Week Low
02/24/14 - €7.23
Market Cap
323.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
26.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LANDEC CORP (LDE)

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landec corp (LDE) Details

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and markets differentiated products in food and biomedical materials markets. It operates through three segments: Food Products Technology, Food Export, and Hyaluronan-Based Biomaterials. The Food Products Technology segment markets and packs specialty packaged whole and fresh-cut fruits, and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry under the EatSmart and GreenLine brand names, as well as sells BreatheWay packaging to partners for non-vegetable products. The Food Export segment purchases and sells whole commodity fruit and vegetable products primarily to Asian markets and in the United States. The Hyaluronan-Based Biomaterials segment sells products utilizing hyaluronan (HA), a naturally occurring polysaccharide that is distributed in the extracellar matrix of connective tissues in animals and humans for medical use primarily in the ophthalmic, orthopedic, and veterinary markets, as well as supplies HA to customers pursuing other medical applications, including aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. This segment also operates as a contract development and manufacturing organization, which specializes in aseptic filling services. The company also licenses Intellicoat seed coatings to the farming industry; and Intelimer polymers for personal care products and other industrial products. Landec Corporation sells its products in the United States, Canada, Taiwan, Belgium, Japan, Indonesia, China, and other countries. The company was founded in 1986 and is headquartered in Menlo Park, California.

531 Employees
Last Reported Date: 08/1/14
Founded in 1986

landec corp (LDE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $450.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $310.0K
Chief Operating Officer
Total Annual Compensation: $285.0K
Vice President, Chief Executive Officer of Ap...
Total Annual Compensation: $330.0K
Vice President and President of Lifecore Biom...
Total Annual Compensation: $259.2K
Compensation as of Fiscal Year 2014.

landec corp (LDE) Key Developments

Landec Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2014; Provides Earnings Guidance for the Third and Fourth Quarter of Fiscal Year 2015

Landec Corporation reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2014. Revenues in the second quarter of fiscal 2015 increased 11%, or $12.7 million, to $132.7 million, from $120.0 million in the year-ago quarter. The improvement was primarily due to a 16%, or $14.0 million, increase in revenues in Apio's value-added business, which includes its Eat Smart fresh-cut specialty packaged vegetable business, Apio Cooling and Apio Packaging. This increase was partially offset by a 4%, or $925,000, decrease in Apio's export business due to lower volume sales as well as a 5%, or $459,000, decrease in Lifecore's revenues compared to the second quarter of last year due to expected lower business development revenue. Net income in the second quarter of fiscal 2015 was $3.2 million or $0.12 per share compared to $3.5 million or $0.13 per share in the year-ago quarter. The decrease was primarily due to: a $1.1 million decrease in the change in the fair market value of the company's Windset investment to a $1.2 million increase in the second quarter of fiscal 2015 from a $2.3 million increase in the year-ago quarter, and a $712,000 decrease in net income at Lifecore primarily from lower business development revenue. Operating income for the second quarter was $3,892,000 against $3,176,000 a year ago. Product sales for the second quarter were $132,665,000 against $120,026,000 a year ago. Net income before taxes for the second quarter was $8,757,000 against $12,653,000 a year ago. Revenue in the first six months of fiscal 2015 increased 16%, or $36.8 million, to $266.3 million, from $229.5 million in the same period last year. The improvement was primarily due to a 21%, or $34.7 million, increase in revenues from Apio's value-added businesses and a 10%, or $4.3 million, increase in revenues at Apio's export business as a result of higher market pricing. These increases were partially offset by a 13%, or $2.2 million, decrease in Lifecore's revenues compared to the same period last year due to expected lower sales of fermentation products primarily resulting from the previously disclosed one-time inventory reduction by one of Lifecore's customers during fiscal 2015 and from lower business development revenue. Net income in the first six months of fiscal 2015 was $5.6 million, or $0.20 per share, compared to $8.2 million, or $0.30 per share, in the first six months of last year. The decrease was primarily due to: a $6.3 million decrease in the change in the fair market value of the company's Windset investment to a $1.4 million increase in the first six months of fiscal 2015 from a $7.7 million increase in the same period last year, and a $2.0 million decrease in operating income at Lifecore from lower sales of higher margin fermentation products primarily due to the one-time inventory reduction by one customer during fiscal 2015 and lower business development revenue. Operating income for the six months was $7,426,000 against $5,152,000 a year ago. Product sales for the six months were $266,279,000 against $229,505,000 a year ago. Net income before taxes for the six months was $8,757,000 against $12,653,000 a year ago. Increases in cash included generating $3.4 million in cash flow from operations. For the third quarter, the company expects revenues should be 3% to 5% higher than second quarter revenues and that net income should be 35% to 45% higher than second quarter. For the fourth quarter, the company expects revenues should be 2% to 4% lower than second quarter revenues and that net income should be 70% to 80% higher than second quarter.

Landec Corp. to Report Q2, 2015 Results on Jan 06, 2015

Landec Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jan 06, 2015

Landec Corp., Q2 2015 Earnings Call, Jan 07, 2015

Landec Corp., Q2 2015 Earnings Call, Jan 07, 2015

 

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