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Last $13.20 USD
Change Today -0.15 / -1.12%
Volume 65.2K
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

landec corp (LNDC) Snapshot

Open
$13.27
Previous Close
$13.35
Day High
$13.44
Day Low
$13.02
52 Week High
04/15/15 - $15.16
52 Week Low
10/9/14 - $10.75
Market Cap
356.5M
Average Volume 10 Days
96.1K
EPS TTM
$0.52
Shares Outstanding
27.0M
EX-Date
--
P/E TM
25.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for LANDEC CORP (LNDC)

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landec corp (LNDC) 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.

550 Employees
Last Reported Date: 07/31/15
Founded in 1986

landec corp (LNDC) 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 (LNDC) Key Developments

Landec Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended May 31, 2015 ; Provides Guidance for Fiscal 2016

Landec Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended May 31, 2015. For the quarter, the company reported product sales of $134,448,000, operating income of $6,204,000, net income before taxes of $6,588,000, net income available to common stockholders of $4,196,000 or $0.15 per diluted share compared to the product sales of $120,929,000, operating income of $5,306,000, net income before taxes of $7,170,000, net income available to common stockholders of $4,542,000 or $0.17 per diluted share for the same quarter a year ago. For the year, the company reported product sales of $539,257,000, operating income of $18,461,000, net income before taxes of $21,471,000, net income available to common stockholders of $13,544,000 or $0.5 per diluted share compared to the product sales of $476,813,000, operating income of $20,190,000, net income before taxes of $29,925,000, net income available to common stockholders of $19,145,000 or $0.71 per diluted share for the previous year. For the fiscal year 2016, the company expected consolidated revenues to increase 7-9% (over 10% excluding the $9.0 million of revenue from the extra week in fiscal 2015) compared to fiscal 2015. Consolidated operating income to increase 60-70%. Consolidated net income to increase 60-65%. Apio revenues to grow 6-7% and operating income to grow 30-35%. Lifecore revenues to increase 20-25% and operating income to more than double. Corporate R&D and licensing revenues to be approximately $2.7-$3.0 million. The increases in net income in fiscal 2016 compared to fiscal 2015 are expected to be due to: Increased sales of higher margin salad kits at Apio while expect the sales of Apio’s core value-added historical vegetable products to be flat as focus on increasing margins in core value-added vegetable business by selectively increasing prices. Resumption of growth at Lifecore as the noted above customer restores its historical purchasing levels in fiscal 2016 and from new business initiatives advancing toward sustainable commercial products. Reducing unfavorable operational variances in Apio’s value-added vegetable business, driven primarily by improved strategies for produce sourcing and increased plant operational efficiencies. New licensing revenue from two new partners using Intelimer® polymer technology in two new fields of use.

Landec Corporation Announces Executive Changes, Effective October 15, 2015

Landec Corporation announced the naming of Molly A. Hemmeter as Chief Executive Officer to succeed Gary T. Steele who is retiring effective with the Shareholder Meeting on October 15, 2015. Mr. Steele has agreed to remain as a member of the Board of Directors. Since joining Landec in June 2009 as VP of Business Development and subsequently becoming Landec's Chief Commercial Officer and Chief Operating Officer, Ms. Hemmeter has led key strategic initiatives driving Landec's growth and profitability. Prior to Landec, Ms. Hemmeter was VP of Global Marketing and New Business Development of Ashland Inc.'s Performance Material Division where she created processes for identifying global new business development opportunities with significant revenue potential and led the programs from inception through commercialization. Mr. Ron Midyett, the President and Chief Executive Officer of Apio will be appointed Chief Operating Officer of Landec Corporation as of October 15, 2015, with his primary responsibilities focused on operations of Apio, along with the Corporate R&D and licensing business. Mr. Midyett joined Landec in 2005 as the Chief Operating Officer of Apio and was promoted to President and CEO of Apio in 2008. Prior to joining Apio, Mr. Midyett was Senior Vice President of Operations for Dole Fresh Vegetables. Steve Goldby has been appointed as Landec Corporation's Chairman of the Board effective with the Shareholder Meeting on October 15, 2015 and coinciding with the retirement of Gary Steele. Mr. Goldby has served as a director since December 2008 and is currently the Board's Outside Lead Independent Director and a sitting member of the Audit Committee.

Landec Corp. to Report Q4, 2015 Results on Jul 28, 2015

Landec Corp. announced that they will report Q4, 2015 results at 5:00 PM, Eastern Standard Time on Jul 28, 2015

 

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Valuation LNDC Industry Range
Price/Earnings 26.9x
Price/Sales 0.7x
Price/Book 1.6x
Price/Cash Flow 26.6x
TEV/Sales 0.6x
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