Lancaster Colony Corporation (LANC) news stock charts
Lancaster Colony Corporation (LANC) Investment Summary:
Lancaster Colony Corporation, an Ohio corporation (reincorporated in 1992, successor to a Delaware corporation originally incorporated in 1961), is a diversified manufacturer and marketer of consumer products with a focus on specialty food products for the retail and foodservice markets. Other consumer products manufactured and marketed by Lancaster Colony Corporation include glassware and candles for the retail, floral, and foodservice markets and automotive accessories for the original equipment market and aftermarket. Our principal executive offices are located at 37 West Broad Street, Columbus, Ohio 43215 and our telephone number is 614-224-7141. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f28%2f0000950152-07-007154.html#FIS_BUSINESS"www.lancastercolony.com
3,200 Employees
Founded in 1961
LANCASTER COLONY CORP (LANC:NASDAQ)
LAST $58.71 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of LANCASTER COLONY CORP (LANC)
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OPEN
$59.91
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PREVIOUS CLOSE
$59.61
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DAY HIGH
$59.96
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DAY LOW
$58.64
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52 WEEK HIGH
03/19/10 - $59.96
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52 WEEK LOW
03/30/09 - $40.40
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MARKET CAP
1.7B
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AVERAGE VOLUME 10 D
85.2K
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EPS TTM
$4.18
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SHARES OUTSTANDING
28.2M
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EX-DATE
03/8/10
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P/E TTM
14.0x
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DIVIDEND
$1.20
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DIVIDEND YIELD
1.99%
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| K = Thousands M = Millions B = Billions | ||
Key developments for LANCASTER COLONY CORP (LANC)
Lancaster Colony Corporation Declares Quarterly Cash Dividend Payable on March 31, 2010; Provides Dividend Guidance for the Fiscal Year Ending June 30, 2010
02/24/2010
Lancaster Colony Corporation announced that its Board of Directors has declared a quarterly cash dividend of 30 cents per share on the company's common stock, payable March 31, 2010 to shareholders of record on March 10, 2010. The company noted that the indicated annual dividend payout for the current fiscal year ending June 30, 2010 is $1.18, 1/2 per share, up from the $1.13, 1/2 per share paid in fiscal 2009.
Lancaster Colony Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2009
01/28/2010
Lancaster Colony Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2009. The company reported consolidated net sales increased 6% to $304 million versus $288 million in the second quarter last year. Net income totaled $39.5 million compared with $28.4 million for the corresponding quarter a year ago. Net income per diluted share was $1.40 versus $1.02 in the year-ago quarter. The current year's quarter included pretax income of approximately $0.9 million (two cents per share after taxes) from a distribution received under the Continued Dumping and Subsidy Offset Act (CDSOA). A year ago, second quarter results included a pretax CDSOA distribution of approximately $8.7 million (20 cents per share after taxes). Operating income of $56.1 million, up 42% from the year-ago level, reflected a stronger retail sales mix, improvements in operational efficiencies and an estimated favorable impact in excess of $13 million from raw-material cost reductions. The quarter's results absorbed more than $1 million in costs associated with the previously announced closing of a salad dressing facility. For the quarter, the company reported operating income of $59.1 million and income before income taxes of $60.08 million compared to operating income of $36.2 million and income before income taxes of $44.04 million for the same period a year ago. For the six months, the company reported net sales of $558.2 million and operating income of $101.5 million and income before income taxes of $102.5 million and net income of $67.9 million or $2.41 per diluted share compared to net sales of $552.07 million and operating income of $54.04 million and income before income taxes of $61.4 million and net income of $39.4 million or $1.40 per diluted share for the same period a year ago.
Lancaster Colony Corporation expected to Report Q3 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on January 28, 2010).
01/28/2010
Lancaster Colony Corporation expected to Report Q3 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on January 28, 2010).
Lancaster Colony Corporation financial resources
LANC Competitors
| Company | Last | Change |
| American Italian Pasta Co | $38.31 USD | 0.00 |
| J&J Snack Foods Corp | $44.01 USD | 0.00 |
| Lance Inc | $22.64 USD | 0.00 |
| Hain Celestial Group Inc/The | $17.46 USD | 0.00 |
| TreeHouse Foods Inc | $44.19 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | LANC | Industry Range |
| Price/Earnings | 14.0x |
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| Price/Sales | 1.6x |
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| Price/Book | 3.6x |
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| Price/Cash Flow | 14.1x |
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| TEV/Sales | 1.5x |
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LANC |
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LANC transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Lancaster Colony Corporation
Lancaster Colony Continues Higher Cash Dividend
2010-03-11 08:29:02
Quote: Lancaster Colony is one of only 17 U.S. companies to have increased regular cash dividends each year for 47 years.John B. Gerlach, Jr.September 1963." He noted that the indicated annual payout for the current fiscal year ending June 30, 2010 is $1.18 1/2 per share, up from the $1.13 1/2 per share paid in fiscal 2009.Common shares currently outstanding are approximately 28,207,000.We desire to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (...Read article
UPDATE - US recalls common flavoring after contamination
2010-03-05 08:11:46
Keywords: Health and medicine,Pharmaceuticals (sub-industry),Regulation and enforcement,Food products,United States of America,Washington / US Government News,Domestic Politics,Food processing,General News,Nature Society and Science,Business activities,Politics Int
Quote: Marzetti, a unit of Lancaster Colony Corp
(LANC.O), which said on March 1 it was recalling various dips. The FDA, the Centers for Disease Control and Prevention and
the U.S. Agriculture Department are working with Nevada state
health officials on the outbreak, Hamburg told reporters. Farrar said officials believe the risk to consumers is very
low. The FDA said it collected and analyzed samples at the
Nevada facility and confirmed the presence of Salmonella
Tennessee in the company's processing e...Read article
Lancaster Colony Continues Higher Cash Dividend
2010-02-25 03:25:05
Quote: Lancaster Colony is one of only 17 U.S. companies to have increased regular cash dividends each year for 47 years. John B. Gerlach, Jr., chairman and chief executive officer of Lancaster Colony, said, "The dividend reflects the company's continued strong financial position and will be the 187th consecutive quarterly cash dividend paid by the company since September 1963." He noted that the indicated annual payout for the current fiscal year ending June 30, 2010 is $1.18 1/2 per share, up from th...Read article
The Gig is up – This Stock’s A Winner
2010-02-16 01:54:54
Quote: This will be a fun stock to review since the company just reported strong second quarter fiscal 2010 results yesterday (note that the quarter ended December 31, 2009). Lancaster Colony won’t knock your socks off, so feel free to sit back and relax while you read this. But the stock should be trading at least 10% higher, and could even rise as much as 28% in the next six months. That should be exciting to investors. Lancaster is a $1.5 billion consumer goods company with a lo...Read article
Lancaster Colony Reports Improved Second Quarter Sales and Earnings
2010-02-16 01:54:54
Quote: 28 /PRNewswire-FirstCall/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported higher sales, operating income and net income for the company's second fiscal quarter ended December 31, 2009 compared with the corresponding quarter a year ago.  Highlights of the quarter:For the six months ended December 31, 2009, net sales were $558 million compared to $552 million for the first half last year. Net income was $67,932,000, or $2.41 per diluted share. In the prior year, six-month...Read article
Two Stocks That Pop
2010-02-16 01:54:52
Quote: At that time I wrote, "Lancaster Colony won't knock your socks off, so feel free to sit back and relax while you read this. But the stock should be trading at least 10% higher, and could even rise as much as 28% in the next six months. That should be exciting to investors." This stock should gain at least 8% more in the short-term, and as much as 26% more over the next six months. Let me know if you purchased shares of Lancaster, my address is: editorial@smallcapinvestor.com.ChinaNEPNe...Read article
Two Stocks That Pop
2010-02-11 08:52:50
Quote: At that time I wrote, "Lancaster Colony won't knock your socks off, so feel free to sit back and relax while you read this. But the stock should be trading at least 10% higher, and could even rise as much as 28% in the next six months. That should be exciting to investors." This stock should gain at least 8% more in the short-term, and as much as 26% more over the next six months. Let me know if you purchased shares of Lancaster, my address is: editorial@smallcapinvestor.com.ChinaNEPNe...Read article
LANCASTER COLONY CORP Files SEC form 10-Q, Quarterly Report
2010-02-08 05:48:46
Quote: Item 2.Management's Discussion and Analysis of Financial Condition and Results
of Operations
LANCASTER COLONY CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS(Tabular dollars in thousands)
OVERVIEW
This Management's Discussion and Analysis of Financial Condition and Results of
Operations ("MD&A") describes the matters that we consider to be important in
understanding the results of our operations for the thre...Read article
The Gig is up – This Stock’s A Winner
2010-02-01 01:49:48
Quote: This will be a fun stock to review since the company just reported strong second quarter fiscal 2010 results yesterday (note that the quarter ended December 31, 2009). Lancaster Colony won’t knock your socks off, so feel free to sit back and relax while you read this. But the stock should be trading at least 10% higher, and could even rise as much as 28% in the next six months. That should be exciting to investors. Lancaster is a $1.5 billion consumer goods company with a lo...Read article
Lancaster Colony Reports Improved Second Quarter Sales and Earnings
2010-01-29 03:59:57
Quote: 28 /PRNewswire-FirstCall/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported higher sales, operating income and net income for the company's second fiscal quarter ended December 31, 2009 compared with the corresponding quarter a year ago.  Highlights of the quarter:For the six months ended December 31, 2009, net sales were $558 million compared to $552 million for the first half last year. Net income was $67,932,000, or $2.41 per diluted share. In the prior year, six-month...Read article
Q2 2010 Lancaster Colony Corporation Earnings Release - Before Market Open
2010-01-29 03:59:57
Quote: Read article
Lancaster Colony’s 2Q revenue, profit climb
2010-01-29 03:59:56
Quote: Consumer products conglomerate Lancaster Colony Corp. signed off the first half of its fiscal year with gains in revenue and profit, but the company is taking a guarded outlook on the second half.The Columbus-based company, which owns the Marzetti and Candle-lite brands, told investors that for the second quarter ended Dec. 31 it earned $39.5 million, or $1.40 a share, up 39 percent from a profit of $28.5 million, or $1.02 a share, in the same period a year ago.The company booked more than $1 mi...Read article
LANCASTER COLONY CORP Files SEC form 8-K, Results of Operations and Financial Condition
2010-01-29 03:59:56
Quote: LANCASTER COLONY CORPRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
LANCASTER COLONY CORP
28-Jan-2010Results of Operations and Financial ConditionPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
Filing data and information provided by EDGAR Online,
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(1-800-416-6651). All information provided "as is"
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Neither Yahoo! nor any of
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e...Read article
Lancaster Colony Corporation Earnings Call scheduled for Thu, Jan 28
2010-01-22 04:15:34
Quote: Call DetailsLancaster Colony Corporation Earnings Conference Call (Q2 2010)Scheduled
to start Thu, Jan 28, 2010, 10:00 am EasternAfter
the event has finished, the audio will be availablefrom
this page until Sat, Jan 29, 2011About Lancaster Colony CorporationLANC)Lancaster Colony Corporation engages in the manufacture and marketing of consumer products in the United States. The company operates in two segments: Specialty Foods, and Glassware and Candles. The Specialty Foods segment produces and s...Read article
LANCASTER COLONY CORP Files SEC form 10-Q, Quarterly Report
2009-11-27 23:26:40
Quote: Management's Discussion and Analysis of Financial Condition and Results
of Operations
LANCASTER COLONY CORPORATION AND SUBSIDIARIES
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS(Tabular dollars in thousands)
OVERVIEW
This Management's Discussion and Analysis of Financial Condition and Results of
Operations ("MD&A") describes the matters that we consider to be important in
understanding the results of our operations for the three mont...Read article
Lancaster Colony Increases Cash Dividend, Reelects Three Directors
2009-11-27 23:26:38
Quote: Lancaster Colony is one of only 17 U.S. companies to have increased cash dividends each year for 47 years. The dividend will be payable December 31, 2009 to shareholders of record on December 10, 2009. As of the record date for today's annual shareholder meeting, there were 28,171,761 common shares outstanding.Voting at the annual meeting, shareholders reelected three incumbent directors. They are James B. Bachmann, 66, retired managing partner of the Columbus, Ohio office of Ernst & Young L...Read article
Lancaster Colony raises dividend again
2009-11-27 23:26:37
Quote: Fresh off a fiscal year that saw profit more than double, Lancaster Colony Corp. is raising its quarterly dividend to investors by 5 percent.The Columbus-based company, whose holdings include the Marzetti and Candle-lite brands, said its board declared a dividend of 30 cents a share payable Dec. 31 to shareholders of record on Dec. 10. That’s up from the 28.5-cents-a-share dividend it declared this time last year.Based on the company’s $28.2 million shares outstanding, next month&rsq...Read article
4 Thanksgiving Week Buys For Your Portfolio: Market Pros
2009-11-27 23:26:33
Quote: “They’ve cut their debt by $500 million, which cut their interest payment by $20 million and their EPS rose by 50 percent…This company is doing everything right to make themselves financially strong.†Lancaster Colony [LANC Loading...   () ]—“This company does dinner rolls, biscuits, glassware, even candles,†he said. “So it’s a type of company that you want to buy…Their sales are up 4 percent, which beat the industry,...Read article
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